Shaun Deeb accepts $800,000 buyout in body fat-percentage prop bet

Shaun Deeb Ev 77 Day 1 (Image: Haley Hintze)
Haley Hintze Author Photo
Haley Hintze
Posted on: February 17, 2024 12:17 PST

Six-time WSOP bracelet winner Shaun Deeb has emerged victorious in another big-bet challenge, this time in his body-fat (weight loss) prop bet with Bill Perkins. Last March, Deeb wagered $100,000 against Perkins' $1,000,000, getting 10-to-1 odds, that he could reduce his body mass index (BMI) to 17 percent by the start of the 2024 WSOP.

Today, Deeb announced on his X/Twitter account that he had accepted an $800,000 buyout offer from Perkins, having already trimmed his body fat percentage to within a few percent of the wager's target with more than three months left in the prop bet.

"I’m still working toward my goal of 17%," Deeb posted. "I’m going to get there to show my kids that if I can do this, they can do plenty of things people say are too hard or impossible. I initially thought to not announce the buyout since I am determined to reach the goal, but too many people have side action to not let them know that Bill bought out and at what %...."

BFP over 40% when prop bet began

Deeb's road to both a big payday and better health was far from easy. In his first DEXA exam last March, soon after agreeing to terms with Perkins, Deeb began the challenge weighing 306 pounds, and in his first DEXA test a few weeks later, he had a body fat percentage of 40.2% though he'd already dropped the first ten pounds of the challenge.

Last month, despite what he termed as "sporadic" updates, Deeb posted the results of his third DEXA test. He'd reduced his BFP to 23.9 percent, less than seven percent away from his goal, while checking in at 223 pounds, a loss of 83 pounds from just 10 months earlier. The January test results likely made him a favorite to win the wager, prompting the buyout offer from Perkins.

Perkins, who himself once won a six-figure, weight-loss prop bet, was quick to congratulate Deeb on his achievement. "The beast showed up!" he posted in response to Deeb's announcement. "Congrats on the transformation, the impact it will have on you and your families' lives!"