Five Price Tags
From Wikipedia, the free encyclopedia
Five Price Tags is a pricing game on the American television game show The Price is Right. Debuting on September 26, 1972, it is played for a car and uses four small prizes usually worth between $10 and $200.
[edit] Gameplay
The contestant is shown four small prizes, one at a time, and must decide whether the price displayed on each prize is true or false. The contestant wins the prize and earns a choice in the second part of the game if their decision is are correct. If the contestant is wrong, the small prize is lost and he or she does not earn a choice.
After all four prizes are played, and assuming the contestant has earned at least one choice, the contestant begins selecting prices from the five tags for the car which they believe is the correct price. The number of prizes earned in the first half determines how many choices of the five price tags they may make. One at a time, the contestant chooses a price he or she believes is correct; if the contestant is right they win the car. If not, he or she continues to choose until all earned choices have been exhausted.
Since there are five prices and only four small prizes, earning all four choices does not guarantee a win, although the odds of losing (20% to be exact) are very slim at that point.
If a contestant fails to correctly guess if the prices of the small prizes are true or false on all 4 prizes, it results in an automatic loss (this has rarely occurred). However, selecting the correct answers in this game is more difficult than in many of the other 1-in-2 opportunities presented in most other games where this type feature is employed - with contestant seldom having the 80% probability presented with four choices, or even 60% with three.
[edit] History
On the nighttime syndicated run hosted by Dennis James and an early Price board game, Five Price Tags was called "The True or False Game".
Five Price Tags' debut was not rerun by Game Show Network during the period it aired Price from 1996-2000, as the episode in question contains a fur coat.
Three of the backdrops used to indicate how many picks have been won (and how many are left) were used in Most Expensive for its first set with the numbers "1", "2", and "3" placed on them.
The correct price of the car was originally an orange version of the price tag in front of it. This was changed to the current "WIN!" tag sometime in the 1990s.
