How you can get paid to lose weight

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.

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.

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.