ClosingRace
Stakes & Rewards

The right stake makes the Difference

A good stake significantly increases motivation. It doesn't have to be expensive - but it must be meaningful. Here you'll find inspiration and tips.

Why stakes work

The psychology behind successful challenge stakes

Loss aversion

People fear losses more than they value gains. A potential 'loss' (having to pay the stake) motivates more strongly than a pure gain.

Kahneman & Tversky, Prospect Theory

Public accountability

When others know about the stake, motivation increases. Nobody wants to be seen as the 'loser' in front of the team.

Cialdini, Commitment & Consistency

Immediate reward

A stake that is redeemed immediately after the challenge activates the reward system more strongly than a delayed reward.

Schultz, Dopamine Research

Status & recognition

Many of the best stakes revolve around status — the best parking spot, public praise, or decision-making rights.

Maslow, Hierarchy of Needs

Stake categories at a glance

Choose the right category for your team and company culture

Tips for the perfect stake

1

Keep it proportional

The stake should match the challenge. A small competition doesn't need an expensive stake.

2

Consider team culture

What works in a start-up may not fit in a corporation. Know your team.

3

Ensure it's voluntary

Each participant must agree to the stake. Coercion destroys motivation.

4

Redeem promptly

The stake should be redeemed within one week after the challenge ends.

5

Document and celebrate

Share photos and stories of redeemed stakes - it motivates you for the next challenge.

Random stake Generator

No idea? Let chance decide! Our random generator picks a suitable stake for you.

Ready for your first Challenge?

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