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Diet Bet Winnings

June 5th, 2016 at 04:22 pm

The first round of my Transformer Diet Bet is complete. And I won! I received notification that my winnings were $16.09. The bet for this month was $25, but half is saved for the final round (six months). So my portion of the pot was $12.50. I made $3.59 on my bet for an ROI of 28.7%. Not shabby at all!

I'm most pleased with the weight loss, but I'm finding that the idea of losing my bet is VERY motivational. I was very close to not making it this month.

The other thing about Diet Bet that I like is that there is a defined date and amount of weight one should be striving for. It can be so easy to say I want to lose ten pounds this month. Is 10 pounds reasonable? What date exactly do you want to lose those pounds? Diet Bets usually encourage 3-4% of weight loss in order to stay in the healthy range. These specific numbers are really helpful to a numbers person like me!

3 Responses to “Diet Bet Winnings”

  1. Jenn Says:

    Congratulations on both the weight loss and the payoff!

  2. scottish girl Says:

    That's brilliant! I need the opposite: rewards for gaining weight. I doubt that exists though.

  3. FrugalTexan75 Says:

    Very nice ROI!

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