Shaun Deeb Buys out of $1m Weight Loss Prop Bet

Shaun Deeb and Bill Perkins' Unconventional Wager

Nearly 11 months ago, poker star Shaun Deeb and hedge fund manager Bill Perkins embarked on an unusual fitness prop bet. The terms were simple but challenging—Deeb had to reduce his body fat to 17% by the start of the 2024 World Series of Poker (WSOP), or lose $100,000. However, if successful, Deeb stood to win $1 million at 10:1 odds. The poker community was skeptical, with more than half predicting Deeb's failure.

The Unrestricted Challenge

Deeb had the liberty to employ any means necessary to shed the excess weight, starting from over 40% body fat. The lack of specific stipulations gave him the flexibility to explore various methods to achieve the goal.

The Buyout Dilemma Unfolds

In January 2024, Deeb shared a positive update on his progress. A DEXA scan revealed a significant drop to 23.9% body fat, with four months left. This triggered Bill Perkins to consider a buyout, although no official agreement was reached.

The Progressive DEXA Scans

Deeb's commitment showed results as subsequent DEXA scans showcased continuous improvement. By February, his body fat composition had further decreased to 22.0%. On the following day, Perkins officially bought out of the bet for $800,000, just over three months before the WSOP.

Deeb's Ongoing Commitment and Weight Loss

Despite the financial disengagement, Deeb expressed his dedication to reaching the initial goal out of respect for those with side bets. Quitting abruptly could leave bettors in a challenging position. Deeb suggested settling bets at a similar percentage as Perkins, emphasizing his ongoing effort.

Perkins' Track Record in Body Fat Prop Bets

Bill Perkins, now 1 for 2 in body fat loss prop bets, had previously won a similar wager against Doug Polk. Although Polk came close, he fell short, losing $200,000 to Perkins. Deeb's journey, regardless of the bet's outcome, resulted in a remarkable personal achievement—losing over 80 pounds in 11 months.

The Poker Community's Reaction

The poker community, familiar with Deeb's dedication to poker and now fitness, witnessed a unique chapter in prop betting history. Deeb's transformative journey highlights the unpredictable yet fascinating nature of prop bets within the poker world.

Q&A Section

Q1: What were the terms of Shaun Deeb and Bill Perkins' prop bet?

The bet challenged Deeb to reduce his body fat to 17% by the 2024 WSOP or lose $100,000, with a potential $1 million win at 10:1 odds.
Q2: How did the buyout unfold, and what was the final agreement?

A2: Perkins officially bought out of the bet for $800,000 just over three months before the WSOP.

Q3: What was the impact of Deeb's fitness journey on the poker community?

A3: Deeb's journey sparked interest and discussions within the poker community, showcasing a unique blend of poker skills and personal transformation.