• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Skip to footer

iTrainer Weight Loss Challenge

#1 Top Pick for Weight Loss Challenge Fun & Events!

  • Weight Loss Challenge
  • 10000 Step Challenge

The True Cost of Winning a Weight Loss Bet.

Many people sign up to gamble money on their weight loss only to find out that: they either didn’t actually win as much as they thought they would, or had to pay extra fees to collect their winnings, OR BOTH!

Surprise Weight Loss Betting Fees

It is reported that sometimes there are surprise fees associated with collecting your winnings from a weight loss bet.

Depending on whether you are participating in a local gym challenge, a weight loss challenge at your workplace, or using an online betting wager program, you might have to pay a price to collect.

Here is a list that includes the more expensive (if not THE most expensive) payout fees – from the HealthyWage. Healthywage betting fees can really eat into your profits.

Before you option to collect your weight loss winnings there a few things to be aware of:

If you have decided to approach your weight loss in stages, to help maximize your odds and winnings, you may not want to collect just yet. Here is some more information on the benefits of staging your weight loss for success and profit.

1. Pay to Play: Almost all types of weight loss challenges require some form of payment. It could be an upfront payment or a monthly payment. The fee charges will depend on the challenge(s) you choose to take part in as they have different fees and rules. You could also end up paying more than you needed to if you break up the payments into monthly instalments.

2. Say goodbye to 25% of a Jackpot Challenge: Each individual pays on average between $40 – $60 to play in a jackpot challenge. The weight loss betting company then skims 25% right off the top before dividing up the remaining pot to those who completed their goals.

The way this is set up has resulted in a tonne of complaints regarding the low amounts of money remaining in the pot. AFTER their 25% skim some weight loss competitors found there was NOTHING left! Fortunately this changed things so now they have been compelled to GUARANTEE that if the Jackpot amount won is less than what is left in the pot, you at least get your deposit back. But – they still get to skim their 25%.

They also take claim of 100% of any outstanding payments.

A jackpot weight loss betting challenge can end up with you playing for no winnings at all with your cost of playing HealthyWage, provided you win, will be the time invested!

3. Paper or Digital Payout Options Cost: You can choose to be paid your winnings via PayPal or with a real paper cheque. Before you choose which, you might want to take a minute to do the math. If you aren’t in a super rush for your money, the cheque might be the cheaper choice. PayPal charges 2.9% processing fee + $0.30 transaction fee. The cost to have HealthyWage cut you a cheque is $7.00. Essentially if your winnings are over $231.00 then it will be cheaper to get paid by cheque.

4. Cost of Paying Your Taxes: You may have to fill out a tax reporting form. The responsibility of finding out if you do or don’t need to is on you.

5. Credit Card Fees: Aside from the usual fees and potential overdraft and interest fees from the credit card company, there may be a “cash advance” fee if they process the payment as a gambling bet. Credit card companies might also charge for currency conversion and out of country fees.

6. Winnings vs Profits: Your monthly betting fees are included in the calculation of the “Prize”. For example if you bet a monthly amount of $50/mo for 18 months and your “Prize” calculation shows $1200. Your payment of $900 is included in the total. The true winnings are ONLY $300. It could be helpful to take the time to figure out how to get the greatest winnings prior to betting.

7. Time it Takes to Get Paid: The time it takes to receive your payout could be days or weeks. If your challenge has been flagged you may need to re-verify your weight loss. There have been reports that this can take around 2 more weeks. After your final verification has been approved you can generally expect about 3 – 5 days for PayPal or a few weeks for a cheque to arrive.

8. Points Expiration Costs: The HealthyWage will give you points when you successfully complete a wager. The points are deposited into your online private portal. It is up to you to request to convert some or all of the points into money. One point is equal to $1.
🚫 IMPORTANT WARNING ⚠️: Points will expire after 12 months of inactivity.

9. Extending Your Bet: If you did not reach your goal in time, and are using the HealthyWage platform, they will allow you to buy more time in hopes of claiming your Prize. The problem with this is; the minimum amount of time you can extend is 6 months. You can buy even more time if you choose to.

Once you purchase more time, for the following (minimum) 6 months, you will have to continue paying the monthly fee originally agreed upon. Then – should you finally win (remember you can’t weight-out early) – you will have to wait for the full 6 months to collect the original Prize amount. The Prize does NOT increase even though you are paying more money.

Is it Worth Playing a Weight Loss Betting Challenge?

After reviewing all the fees and costs associated with making a weight loss wager, it is still a way to bring home some extra cash. If you are still gung-ho on betting on your weight loss, here are some of the best tips and ideas on how to maximize your weight loss betting profits.

Updated October 3, 2021 Filed Under: Earn Money to Lose Weight Tagged With: cost of playing healthywage, healthywage betting fees
AdThe Inside Trainer Inc. participates in Affiliate Partnerships and earns from qualifying purchases.

About iTrainer Weight Loss Challenge

The Inside Trainer Inc. provides and promotes a diverse quality line of online and offline Weight Loss Challenges for individuals, groups, and organizers.
πŸ€” If you are still on the fence about signing up for a weight loss challenge, try our Weight Loss Challenge QUIZ to see which one may be right for you.

2022 Weight Loss Challenge
🎈 New Year πŸŽ‰

As a special 🎈New Year πŸŽ‰ offer and for a Limited Time ONLY we are making available to the public our Very Popular iTrainer Weight Loss Challenge TOOLKIT - for Groups. If you have ever wanted to organise your own Group Challenge but didn't know where to start, you will LOVE the iTrainer Toolkit!

Includes: Organisers Manual + Participants Binders + Spreadsheets + Rules + Meal Planners
And MUCH More...

DOWNLOAD YOUR iPAK


*ENDING SOON - Available to the public for a limited time only. Offer for information package only.

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

2022 Weight Loss Challenge
🎈 New Year πŸŽ‰

As a special 🎈New Year πŸŽ‰ offer and for a Limited Time ONLY we are making available to the public our Very Popular iTrainer Weight Loss Challenge TOOLKIT - for Groups. If you have ever wanted to organise your own Group Challenge but didn't know where to start, you will LOVE the iTrainer Toolkit!

Includes: Organisers Manual + Participants Binders + Spreadsheets + Rules + Meal Planners
And MUCH More...

DOWNLOAD YOUR iPAK


*ENDING SOON - Available to the public for a limited time only. Offer for information package only.

Weight Loss Challenge Ideas
β€£ 2022 🎈 New Year πŸŽ‰ Weight Loss Challenge
β€£ Fitness Games
β€£ Different Types of Challenges to Choose From
β€£ What Are Some Weight Loss Challenge Ideas?
β€£ Online Weight Loss Challenge
β€£ More Challenge Ideas
β€£ See All Ideas...

Team Name Ideas
β€£ Challenge Team Name Ideas
β€£ Department Team Names
β€£ 1001 Weight Loss Team Names
β€£ Creative Team Names

Organizing a Workplace Challenge
β€£ Get Permission from the Boss
β€£ Run a Weight Loss Challenge at Work
β€£ First Steps when Starting a Weight Loss Challenge at Work
β€£ Biggest Loser at Work
β€£ Hosting a Workplace Challenge

WIN Your Challenge
β€£ Cheat Sheet
β€£ Illegal Weight Loss Challenge Cheating Methods
β€£ Weight Loss Challenge Rules
β€£ How to Make a Weight Loss Challenge Fair
β€£ What’s the Catch
β€£ The Yo-Yo Rule
β€£ Office Biggest Loser Challenge Guidelines
β€£ PDF Rules Download

Step & Walking Challenges
β€£ What's the Difference Between Step & Walking Challenges?
β€£ 10,000 Step Workplace Challenge
β€£ Different Types of Walking Challenges
β€£ Workplace Step Challenge
β€£ Organizing a Step Challenge
β€£ 10000 STEPS

Getting Started Betting On Weight Loss
β€£ Earn Money to Lose Weight
β€£ Getting Started with Your Weight Loss Wager
β€£ iTrainer WLChallenge ToolKit
β€£ Challenge Overview
β€£ How to Maximize Your Weight Loss Betting Profits
β€£ FAQ - How to Win Money Losing Weight

Pros & Cons of Weight Loss Betting
β€£ Benefits of Joining a Weight Loss Betting Program
β€£ The Dark Side of Weight Loss Gambling
β€£ Is betting on your weight loss the right thing for you?

2022 🎈 New Year πŸŽ‰ Weight Loss Challenge

Weight Loss Challenge

  • How to Run a Weight Loss Challenge at Work
  • First Steps when Starting a Weight Loss Challenge at Work
  • Weight Loss Challenge Rules
  • Weight Loss Challenge Cheat Sheet
  • MORE Weight Loss Team Name Ideas
  • How to Get Permission from the Boss for a Workplace Challenge
  • What Are Some Weight Loss Challenge Ideas?
  • What Are Good Weight Loss Challenge Fitness Games?
  • Weight Loss Team Names
  • Office Biggest Loser Challenge Guidelines
2022 Weight Loss Challenge
🎈 New Year πŸŽ‰

As a special 🎈New Year πŸŽ‰ offer and for a Limited Time ONLY we are making available to the public our Very Popular iTrainer Weight Loss Challenge TOOLKIT - for Groups. If you have ever wanted to organise your own Group Challenge but didn't know where to start, you will LOVE the iTrainer Toolkit!

Includes: Organisers Manual + Participants Binders + Spreadsheets + Rules + Meal Planners
And MUCH More...

DOWNLOAD YOUR iPAK


*ENDING SOON - Available to the public for a limited time only. Offer for information package only.

Footer CTA

Sign up for a Weight Loss Challenge

  • Jillian Michaels Weight Loss Challenge
  • 2022 🎈 New Year πŸŽ‰ Weight Loss Challenge
  • Is a Weight Loss Challenge the Right thing for You?
  • Becoming a HealthyWage Affiliate for even MORE Money
  • The Dark Side of Weight Loss Gambling.

Footer

Important Stuff

Contact Us Privacy Policy Comments Policy Compensation Disclosure Disclaimer Terms Of Service eStore Ordering Policies

Weight Loss Challenge

Challenge Ideas Team Name Ideas Weight Loss Challenge Info

Choose Your Weight Loss Challenge Event

Individual Weight Loss Challenge

Group Participation Challenge

Family Fun Challenge

12 Week Weight Loss Challenge

Office Fitness Challenge

Organized Corporate Challenge Team Building Events.

Weight Loss Challenge FAQs

How does a Weight Loss Challenge work?

Can I win money from a Weight Loss Challenge?

How do I get paid when I win my challenge?

How much weight can I lose?

Can I participate in more than One Weight Loss Challenge?

How do I verify my weight?

  • Privacy
  • Comments
  • Compensation
  • Disclaimer
  • Terms
  • Ordering
  • About
  • FAQ

© 2023 iTrainer Weight Loss Challenge