FREQUENTLY ASKED QUESTIONS
(FAQs)

• What is Weight Wager? 
  
  Users bet a weekly wager amount against themselves that they will go down in weight from Monday to Monday during the duration of the game. Users then choose between 4-52 weeks that they want to compete. Users who go down in weight win a share of money from the users who went up in weight and have to pay up.               
  
                                                                                                             
• How do users get paid?
  
  Within 1-2 weeks after the game is over, users will receive their earnings through the payment service that they registered with at the beginning of the game. Users will also pay through that same service when they gain weight after their Monday weigh-in.                               
  
   
• Why should I make a Weight Wager?
  
  Because it can make you more successful at losing weight regardless of which diet or exercise program you are pursuing. A variety of recent academic research demonstrates that financial incentives triple the effectiveness of weight loss programs. WeightWager applies those academic principles to make you more successful at weight loss. WeightWager helps you establish a clear goal that has a significant positive impact on your health. WeightWager also helps you establish a clear timeline to achieve that goal.  
  
  
  
• What is the most I can win?
  
  This depends on if you lose weight weekly and how much you decided to bet weekly. All winnings are based on a share of how much was generated by those other players who went up in weight.
  
  
• How do I weigh-in?
  
  You weigh in using your scale and your Android or Apple smartphone's camera.  
  
  
  
• Can I participate in more than one challenge at the same time?
  
  You can only participate in 1 challenge at the same time.
  
  
  
• Do I have to weigh in daily?  
  
  No. You submit your weigh in video every Monday. Of course you can weight in on your own everyday but you do not submit that to the app. The only day that your weigh in counts for money is on Mondays. Your Monday weigh in is compared to the previous Monday and if you went up in weight you pay your wagered amount. If you went down in weight, you get a share of what others who went up in weight paid into the pot.
  
  
  
• Do I need to have my weight verified?
  
  Yes. your weight will be verified on Money Mondays by our referees and after the game is over.
  
  
  
  
• How do I get my weight verified?
  
  Using our mobile app you will use your Android or iOS Smartphone to take a 30 second video and a video of your entire body, and the scale showing the weight amount.
  
  
  
• Can I participate if I am located outside of the U.S?
  
  Weight Wager is available to residents of the United States only at this time. Email us from which country and we will consider expansion if we get enough demand.
  
  
  
• How do I know my payment information is secure?
  
  WeightWager uses both the trusted security within Paypal as well as Stripe for Credit Cards. 
  
  
  
• Is Weight Wager legal?
  
  Yes. Although we use the word "bet" or "wager" to explain the concept, WeightWager isn't gambling in the legal sense because you are in control of the outcome at all times. There is no actual bet or odds. It is a game of skill. It is simply up to you to lose the weight which takes discipline and action. It is not a game of chance.
  
  
  
  
• Can I end my game early?
  
  You can either downgrade your game into a shorter duration of weeks and bet amount. Or you can terminate your game at anytime however you have to pay a $50 early termination fee for that.
  
  
  
  
• How do I pay when I go up in weight?
  
  We charge your Paypal account your weekly bet amount, when you go up in weight.
  
  
  
  
• Do I have to hit your final weight loss milestones?
  
  No. All you have to do is go down in weight from week to week - if you never reach your final weight goal, you are not penalized.
  
  
  
  
• Can I participate if I am pregnant?
  
  No. For the safety of you and the baby, we do not allow participation in Weight Wager if you are pregnant.
  
  
  
  
• Is there a minimum weight loss goal?
  
  No. And you do not have to reach your weight goal to play the game or even be fully successful in the game. What you do have to do is lose weight from Monday to Monday to win money.
  
  
  
  
• Are my winnings taxed?
  
  WeightWager does not withhold any of the winnings for taxes. The IRS has set a $600 threshold for reporting of contest prizes/winnings. We will request your tax information only if you win a prize greater than the IRS threshold. If your net proceeds are less than the IRS threshold, we will not collect your tax information. You should, of course, ask your tax advisor for advice as to whether your specific winnings are taxable (we make no representations).