Waybetter is an app where you can join health challenges by paying a fee. The fees are combined and then divided among those who complete the challenge. For instance, you might bet $50 to walk 5k steps, 4 days a week for 2 weeks. They offer different challenges for strength, running, walking, exercise, and mental wellness.

The fee is $70 every 6 months, allowing you to join 10 games at once. The priciest games last for 2 weeks and cost $50 each. Over the past few months, I’ve won around 13% of the money I’ve spent on entry fees as prizes.

For the $140/year, I get:

• Incentives to keep active
• $13k spend a year, I personally use up any smaller denomination gift cards
• Roughly $1500 in profit from the game

You do need a fitness tracker to track your activity and I typically spend 3-5 minutes a day uploading proof of activity completion. The challenges aren’t too difficult for me to complete in an ordinary day.

Healthywage

Healthywage lets you bet on losing weight. Their main challenge requires you to lose at least 15% of your weight, but you can only do it once or twice. There’s a yo-yo rule for the main challenge, where your starting weight for the second challenge can’t be higher than your ending weight for the first challenge.

Healthywage also has smaller challenges like Waybetter that don’t follow the yo-yo rule. They collect the fees from a specific challenge, deduct a processing fee, and divide the rest among the winners. On average, I join about 6 challenges every 2 months, spending about $100 on each one.

In addition to the primary benefit of keeping my weight in check, I spend about $4000 a year from gift cards and earn about 10% back in return.