Gossip Column: Bill Perkins & Dan Bilzerian Announce Prop Bet For Mental Health 

If you were a millionaire, what would you do with your money? Make prudent investments? Contribute to charity? Or make high-stakes prop bets? Well, it looks like the third option is what Bill Perkins and Dan Bilzerian enjoy doing the most.

Perkins recently tweeted details of a prop bet with Bilzerian that involved a 35-hour week total phone screen time. Basically, the bet is expected to imbibe the importance of staying away from devices such as smartphones, laptops, desktops, etc. This is expected to continue for 100 days, with a $10,000 an hour penalty for each hour over netted. Perkins used the hashtag ‘Mental Health,’ signifying that the prop bet was for a good cause. However, with not much detail about the bet being revealed, it is still unknown whether the eventual winner will be donating the money they win to a charity or institution focussing on mental health.

The duo has gained notoriety for the numerous prop bets they have made with others and sometimes even each other. About four years ago, controversy’s poster child Bilzerian, had won a prop bet against Perkins after completing a 300-mile bike ride between Los Angeles to Las Vegas within 48 hours.

Last we had heard of the duo; they were both in entirely different situations. Bilzerian was being sued by the former president of his company Ignite, Curtis Heffernan, for allegedly misappropriating company funds for his personal expenses. The case is still ongoing in Superior Court. On the other hand, Perkins had announced on social media that his long-time girlfriend, Lara Sebastian, had agreed to marry him.

Perkins v. Bilzerian: Latest Prop Bet

Hedge fund manager cum entrepreneur Perkins tweeted about the prop bet on July 28.

PROP BET ALERT!!!: @DanBilzerian and I have a 35 hour a week total phone screen time a week bet. 10k an hour penalty for each hour over netted. 100days total. Starting in 6 minutes
LFG!!! #BePresent #MentalHealth

— Bill Perkins (Guy) (@bp22) July 27, 2020

Needless to say, the announcement caused quite a stir among the Twitterati, with many stating that the prop bet was a blatant misuse of finances in such trying times.

Wheen people dont know what to do whith money .. trust me it hurts when i see people doing things like that knowing that others cant afford 100$.. welcome to the real world

— kaiji.dt (@feelthepower91) July 27, 2020

Ya know. They live in a completely different reality. I’m on Disability and barely make it month to month and ppl do this for their kicks.

— Ray Jones (@rjsteel74) July 28, 2020

Is he going to write off the loss to Ignite?

— mike mabb (@mabbmike) July 27, 2020

35 hours a week is a lot.

— Jay Farber (@JayFarber) July 27, 2020

For two millionaire, entrepreneurs, it’s really not.

— Anthony Clapes (@AnthonyClapes) July 27, 2020

There were a few who had their own idea regarding the prop bet.

You should have made the bet about whoever’s usage is highest paid other guy 10k/ hour.

— pk (@themovieguy73) July 28, 2020

How are we protecting against the multiple phones game? Buying another phone+service is sure as shit cheaper than the penalties… @bp22 @DanBilzerian

— Ryan Levesque (@RLaviator) July 27, 2020

Basically bill will be watching a lot of porn, not spending a bomb for not watching it

— BOBBE SURI (@slickbobbe) July 28, 2020

Wow? Interesting to see who loses this one as you both are way over normally I would suspect…

Good life bet…Turn phone off good

— Master Class Millionaires (@KeyMastermind) July 27, 2020

Who do you think will win this one? Perkins or Bilzerian? Let us know your thoughts in the comments section below.