If you're looking to get in shape, one contest is offering the ultimate reward for weight loss: cold, hard cash.
The HealthyWage Work Healthier Challenge is offering a $10,000 reward for the five-person team that achieves the highest percentage of weight loss over a 12-week period. The runner-up team will win $5,000, and the third place team will take home $3,000.
[Ads /]
During the challenge, organizers will offer weight loss tips and advice and social media tools to fuel each team's success.
Participants must have a verified weigh-in at the beginning and end of the challenge, which can be completed at home or with the help of a medical professional.
Entry costs less than $25 per player per month, and players who lose at least 10 percent of their body weight after six months will get a full refund of their entry cost.
[Ads /]
According to HealthyWage, approximately 70 percent of adults in Texas are overweight or obese, and those people spend 42 percent more on health care costs than average.
"Our financial incentive-based approach to motivate weight loss is proven effective," HealthyWage co-founder Jimmy Fleming said in a news release. "Like other contests throughout the United States, the Work Healthier program will be a fun and effective way to mobilize the community around health and wellness."
Click here for more information about the Work Healthier challenge.