TL;DR - Make your bet, lose your weight, profit from people who failed.

The Bet:
You have 90 days to lose Your Goal % of your body weight.

If you meet your goal, you will obviously be returned the entirety of your buy-in. You will also be eligible for your share of the pool money from other peoples failures. Your Failure Pool share is proportional to the amount you wagered successfully, compared to other successful wagers.
Your Profit Share: (Your Buy-in / Total Successful Buy-ins) * (Failure Pool)

Note: If you have a lower goal than 10%, you have assume lower risk for this bet. Your share in the profits will be lower as well. In this case, for profit sharing calculations, your Buy-in will modified by (your weight loss goal %) / (10%) . This cannot exceed 100% of your buy-in."

At the end of 90 days, for every % short of your goal you are, you lose that proportion of your Buy-in to the Failure Pool. You are returned the remainder of your buy-in. There is no pool money distributed to failures.
Buy-In % returned: (%achieved) / (%goal)

The Buy-in Amount:
However much you are willing to wager for motivation/profit. Higher profits for higher risk. All Buy-ins are collected on entering into this prop. BigBadBabar is serving as escrow for this bet.

I will be distributing profits from the Failure Pool in early September.

BigBadBabar is serving as escrow for this prop bet. Please ship him your buy-in's using this method:


>>> I (BBB) can accept Full Tilt Poker transfers. screenname: apushkin <<<

edited by BBB

Starting Weight: 205
Goal Weight loss %: 10%
Buy-in Amount: 500$
Start Date: May 21st, 2010
Finish Date: August 18th, 2010

Shipped 500$ to BBB @ apushkin on FTP.

Wait....

Couldn't I set a ridiculously low % goal like 1% and then proceed to lose 10% and pwn this thing?

Where is my devious mind going wrong?

Ya'll boys know that I've been watchin' all of this weight loss- body fat- don't take a dump for a week nonsense- right?

I wholeheartedly agree that BBB should serve as escrow agent. (He's done so admirably for me on more than one occasion.) That said, I really, really, really think ya'll need a trained professional to serve as final arbiter of the award.

I humbly volunteer my services.

confirming receipt of $500 from avoidthe9to5

And btw jesse, if you need that last minute, get-you-over-the-goal-line, lose that extra 1/2 pound right before the final weigh-in, just come join my boy and me for that famous Southern breakfast.

Weigh-in 20 minutes later.

You'd be a lock.

we had discussed this and found a solution, updating OP now. give it a min till bbb edits it.

I meant to add that pharmacolgical help is available for a small fee + vig of the winner's take.

I'll think about it. I think my ideal weight is something like -15 pounds flabby + 5 pounds muscle. I'm 5'8" and like 160-165. The problem I have with just weight loss is my body composition would be >>>>>>>>>>>> if I added 5 pounds muscle and lost some fat. But this sort of motivates me to just drop pounds.

Oh paleeeeze! Can you not get the lovely Mrs. Dos interested in a personal weight reduction program for yourself? I'm sure she would be of immeasurable benefit in this regard- as if you even need it in the first place.

We need to talk.

fat people ITT

I'm confused. If someone sets a goal of 1%, hits it, contributes 100 dollars against my say 400 and avoids 500, and both of us get exactly halfway there, how much money does he get?

Also....initial weighin really needs to be done right after you wake up. I lost 2 pounds last night in my sleep.

how about a weight gaining program?

pretty sure if i lost 5 pounds i would be thin air

My guess is $4.50 profit.

He gets 100 back, me and avoid owe $450 total to the pool. He was 10% of the buy in so that's $45, but he only did 1/10th of 10% so $4.50 it is.

I propose a min loss of 5% anyway.

Also am at Commerce and will take my pic and ship my dollars tonight if we can do midday weighins. Else I'll use the figure i quoted yesterday.

I'm going to think about this over the weekend, but I think I can propose a scheme which both rewards aiming high and betting high (and making it of course).

For those of us who are (cheap / poor / paranoid about using credit cards on FTP), can we post our goals and weights in this thread anyway even though we aren't betting anything? This would be mostly for the social aspect of the motivation rather than the financial aspect.

He gets zilch, nadda, none. Matter-of-fact, he should get penalized double his buy-in for being such a wimp. I vote min ************ of 5% or you ain't participating... but that's just me.

Anybody up for a side prop bet of most beers drunk in, say, six hours. I get to choose the beer.

2 hours fat jesse has a shot. 6 hours and even he'd succumb to your prodigious aerobic drinking capacity. Skinny Jesse no prayer.

Calli I don't think we can modify it much now that avoid has put up 5 bennies. 5% min is reasonable, but changing the formula is probably a tough sell.

And yes by all means post your goals.

for this and related scenarios, if you know anyone irl who plays on ftp, give them irl cash and have them xfer me on ftp. or some related scheme can work fine.

LOL, you must be new here.

I'm pretty sure most of the people in this forum can get drugs you never heard of. And the ones you have, faster than you.

pig I gotta say it's getting pretty hard not to put you on my ignore list. IMR WTF....

Well, technically ...

leo doc
Join Date: Jun 2007
Posts: 5,666

pig4bill
Join Date: Dec 2005
Posts: 9,479

If someone's gonna call leo doc a n00b, pig4bill is one of the people who could actually do it.

Your sarcasm is duly noted.

Also srsly consider ponying up for this guys. Think about it...if you put up $100 and miss by a couple pounds, say 3%, you pitch only $30 into the pool AND get 70% of your share back. Like you'd stand to lose maybe $5-10 if everyone else hit their whole goal.

definitely, if we find a better approach i am 100% open to it... given everyone already involved agrees.

currently, if one dude makes it any everyone else fails, he scoops whatever is in the failure pool. Motivation imo ^_^

(dead money is created when he only gets partial, if he was a 5% or whatever) We'll decide what to do with it if that happens. It's not going to, however. I'm hitting this ****.