"The Price Is Right" is a game show that starts with a item up for bids.Then, four contestants bid on it. Whoever is closer to the retail price without going over gets to come up and play a pricing game. A pricing game is a game that offers extra prizes to go along with the item up for bids. The first three games, when it ran for a half hour, were "Bonus game," "Any Number" and "Double Prices." The top two players went on to the Showcase, where you have prizes ranging from pianos, to living room or dinning room groups, to cash, to trips, to cars, to boats. Then you bid on your showcase and whoever gets closest to their showcase wins. But if you are the winner and you are $250 or less away ($100 originally) from the retail price of your own showcase you win both showcases!

    In 1975, The Price Is Right was expanded to an hour, with six games played split into two halves of the show. After the first half [and the second half] the three contestants that made their way up on stage spin the big wheel in the Showcase Showdown. On the big wheel, there are twenty sections, each of which has a cent amount ranging from 5 cents at the lowest to $1.00 at the highest. Whoever gets closest to $1.00 without going over makes it to the showcase at the end of the show. In the event of a tie for first place between any two or all three players, those who are tied have a Spin-off to see who can come closer to $1.00 in one spin. Whoever does makes it the Showcase. Should anybody get $1.00 exactly, in one spin or a combination of two, they win a $1,000 cash bonus and get a bonus spin in which you can win an additional $5,000 if you get one of the two green sections (5 cents or 15 cents), or an additional $10,000 if you get the $1.00. On their special Million Dollar Spectacular shows, if a player managed to get $1.00 the first time, they would get the chance to spin the wheel for $1,000,000. However, no one in all the specials has been lucky enough to win the million.

    "The Price Is Right" originally aired from 1956-1963 on NBC and from 1963-1965 on ABC with Bill Cullen as host. It was played a lot differently than the current version hosted by Bob Barker, with four contestants competing for the whole show bidding auction-style on prizes. Unlike the current show, the original had returning champions.

    On October 15, 2007, Drew Carey was the new host of the price is right. Bob Barker told about his life and retirement during the last Million dollar spectacular.