How to use an exercise bike for weight loss at home? An exercise bike can easily replace a full, rewarding workout. The most effective methods and workout plan for burning extra calories quickly. What is the most effective exercise bike weight loss program. How to lose weight quickly, what to consider. The weight loss exercise bike allows you to achieve noticeable results in a short time. To do this, you must do it correctly, observe the technique and fit. Interval training is most effective for burning fat.