Deal Or No Deal

Game show lovers gather around the television once a week for NBC’s runaway hit show Deal or No Deal. This extremely popular and exciting hour long show is hosted by none other than Howie Mandel, the loveable stand up comedian who offers average citizens the chance to strike it rich.

Mandel’s likeable nature and comical banter combined with the enthusiasm shown by contestants would make for good TV in itself. The real hook of the show though is the way the tension builds as deals are cut with the mysterious banker up in the shadows.

The game of Deal or No Deal does require some strategy, but ultimately it comes down to luck. The game involves trying to choose the case which contains 1 million dollars out of 26 cases which hold various dollar amounts. The cases are held and opened by 26 of the loveliest ladies on television. After selecting the case and placing it on the contestant’s table, then comes the process of eliminating the remaining cases and negotiating with the banker in hopes of walking away with the biggest pot possible.

When it is time to talk to the banker, Mandel picks up the phone and calls a shadowy figure in a glass booth. The banker will offer the contestant a dollar amount he can walk away with if he stops game play at the end of the call. The dollar amount offered depends on how many high dollar cases have been flushed out before the call. These calls create tension among the audience as everyone waits to see what choice the contestant makes. Some choices are good ones and earn money for the contestant and everyone is happy. Other times, the contestant will make the wrong choice and will walk away with a pot much smaller than he could have.

Deal or No Deal takes the audience and TV viewers through the gauntlet of emotions: anticipation, indecision, the thrill of the win, and the disappointment of defeat.

NBC has created magic with their wildly popular game show Deal or No Deal. Interestingly, Deal or No Deal is a popular television game show in many other countries as well, each with their own version of the game. The game is suspenseful and the formula the show follows allows for the audience to bond right away with the contestant. The audience becomes drawn in and cheers and experiences anxious moments right along with the player. While winning the top prize does not happen very often, contestants can still walk away with a nice lump sum of cash and that is the ultimate goal of Deal or No Deal, and that is why millions of viewers turn in each week.

Are you tired of Reality TV shows, soap operas, and reruns? Then why not try something different and watch a game show? If you think game shows are silly or boring, then you haven’t seen Deal or No Deal. Deal or No Deal is quickly becoming one of the most popular television game shows of all time. It is viewed by millions of people in countries all around the world. Many of the different countries have their own version of Deal or No Deal.

In America, the show airs on NBC and is hosted by Howie Mandel. Mandel also hosts the English version of Deal or No Deal in Canada. You may remember Mandel as a wild stand up comic, or as an intern on St. Elsewhere. For Deal or No Deal, Mandel has adopted a more serious but personable demeanor. He has hosted the show since it debuted in December 2005 and his popularity has risen right along with the game show.

An interesting tidbit about Howie Mandel is that he has a fear of germs and does not shake hands with anyone, including the contestants on Deal or No Deal. He will use other gestures such as slaps on the back or shoulder, but stops short of shaking hands unless he has gloves on. It does not affect the show at all. In fact Mandel’s charming personality has been at least part of the reason for the shows amazing success.

Of course, the game show also owes a great deal of its success to the fact that it is truly a fascinating and suspenseful game to watch and be a part of. It shows that the producers take great care in screening the potential candidates so that the ones with the best personalities make it to the show. This serves to make the show more exciting to watch and it also helps the audience to have an almost instant rapport with each contestants.

The game itself is full of twists and turns and is always full of surprises. Each game is different based on the order the suitcases are opened, so one doesn’t know what to expect from the game or the contestants. Different contestants react in different ways. Some are conservative and take very few if any risks. Some others will decline to accept a nice size offer from the bank just on a wild chance they can win the million dollars.

In all, the rapid success and loyal following Deal or No Deal has garnered seems to be well deserved. It is a fascinating game to watch and the suspense is skillfully manipulated by Mandel, particularly when he uses the telephone to call the mysterious banker who is portrayed as a shadowy figure behind glass walls.

Imagine being a contestant on the popular game show Deal or No Deal. You are under a lot of stress and hoping you can win a million dollars. Your heart pounds each time you select a case to open. Then you hear the words that it is time to call the bank and get an offer. What would you do? Would you accept a guaranteed payment of tens of thousands of dollars? Or would you reject it and keep going for the million dollar jackpot?

Hopefully, well before you arrived at the television studio, you would have formulated a plan. So much of the action in Deal or No Deal depends on out and out luck based upon which case you select that it would probably be hard to stick with plan since you have no idea what type of scenario you would find yourself in.

Still, you could have some general guidelines to go by. If for no other reason, you could use them to judge whether the Deal or No Deal bank was making you a reasonable offer.

For instance, if there are nine cases left to open plus your original draw, then that gives you a total of 10 cases, so the odds of a particular dollar amount being in a particular case are 10%.

In addition to that, you can determine an estimated worth of each individual case. For example suppose you know that the three big prizes of one hundred thousand dollars, four hundred thousand dollars, and seven hundred fifty thousand dollars are inside those remaining 10 cases. We can take the 10% odds number we arrived at earlier and multiply that times each of the three big dollar amounts. Add those sums together and you get a number of $125,000. That number will give you an idea of where you stand in the game and how much the bank should offer you to sell out.

If you would ever be lucky enough to become a contestant on Deal or No Deal, you would certainly want to win as large a prize as possible, even if the million dollar pot didn’t go your way. If you know how to calculate your odds and the worth of the cases as shown above, then the chances of you making a good deal with the bank and walking away from the show with bigger winnings would be greatly improved.

Even if you never make it to Deal or No Deal yourself, if you know how to use the formulas above, it should make the game show more fun for you to watch. You will have a better understanding of the risks the contestants are taking and you can give them advice from the comfort of your armchair!

When thinking of the greatest TV game shows of all time, classics such as The Price is Right and Let’s Make a Deal instantly come to mind. Game shows of recent years came and went without too much of an impact until the past few years when Deal or No Deal came on the scene. Its success is probably due to a mixture of the excitement of the game itself with the charming personality of the host Howie Mandel. Mandel has toned down his stand up comic antics and acquired a more serious demeanor for the show. But his loveable personality still shines through.

The set of Deal or No Deal also adds to the allure with the audience and mysterious banker cast in shadows. Twenty six beautiful women hold cases filled with unknown amounts of money. The contestants appear to be carefully selected for their likeability quotient so the audience warms up to them right from the start.

Of course, all the above wouldn’t be worth much if the game were not so fascinating. Each show offers someone the chance at becoming an instant millionaire. But it doesn’t come easily. The contestant needs to open each of the cases one by one to see where the large sums of money are. At certain times, the game play stops and Mandel phones in to the bank which makes a cash offer to the contestant to stop playing and walk away from the game. The contestant replies to the offer by answering, “Deal,” or “No deal.”

The show is a roller coaster ride of emotions for the contestant and the viewers. After all, the big prize is one million dollars and of course everyone wants to win it. Not many people do actually win the one million dollar prize however. Many have won prizes in the tens and hundreds of thousands of dollars, and of course, those prizes are certainly nothing to complain about.

The hook of the game show is the offer from the bank. When Mandel makes a call to the mysterious banker, everyone anxiously awaits his offer. The banker is housed behind glass and the audience can see him sitting in the shadows talking on the telephone to Mandel. Once the contestant is told the offer, he has to choose between accepting a guaranteed amount of cash to walk off the show or rejecting the offer and take the chance of winning a bigger pot in the end.

People will often turn down large sums of money just to play on and have the chance of winning the big amounts over $100,000 and up to $1,000,000. This adds to the drama, suspense, and excitement of Deal or No Deal and is what keeps millions of viewers glued to the TV screen when it comes on.

“Deal or No Deal” a popular game show on NBC has captured audiences with its large prize amounts, and unorthodox game show structure. Game show fans have become accustomed to trivia, dating and stunt –based games. “Deal or No Deal” presents a new format for game shows, but what is the secret behind the banker’s offers?

I love watching this show because the whole concept of the banker’s offers tempting the players to abandon the game and walk away with some amount of dollars really appeals to me. I play the game in my head, telling the players which offers they should accept, and which they should walk away from. There is an easy way to figure out which offers are good (and which are bad) through a simple financial principle.

Expected value is the principle, and it is one of the basic principles of finance. It allows you to assign a value to something now, knowing that the future is uncertain.

Deal or No Deal: How to decide
The real point of the game is to approximate, at any given point, what the expected value of the suitcase in your hand is.

Step 1: What is the potential gain? At any point in the game, you can determine the potential gain. The highest values left on the board are the maximum amount you can gain from playing. At the start, this would be the $100,000 through $1 million prizes. As the game progresses, and cases are eliminated, the potential gain adjusts downward.

Step 2: What is the probability of that gain? There are 26 spots on the game board. The probability of you having the highest-value case in your possession is simply the number of “high-value prizes” (greater than $100,000) left on the board divided by the number of cases remaining.

For example: you’re playing the game, and there are 9 cases left (plus the one in your hand). The board has the $100,000, $400,000 and $750,000 prizes left, with 7 other smaller prizes also available. The probability that you have the case with one of these three prizes is 10%.

0.10 * $100,000 = $10,000
0.10 * $400,000 = $40,000
0.10 * $750,000 = $75,000

Summing these values, the approximate expected value of your case is $125,000. If the banker offers you anything less, you should say, “No deal!”

So how does the show keep from losing money on every player? The banker almost never offers anything over the expected value when there are still large amounts on the board. Players compare a paltry $150,000 to the possible million-dollar prize and they can’t resist.

So now you know how to play. And how to ‘beat the banker!’

Deal or No Deal is a very popular game show on NBC. The premise is a fairly simple one although playing the actual game can be stressful for the contestants since there is a pot of one million dollars at stake.

For each game there is only one contestant, the host (who happens to be Howie Mandel in the United States version of Deal or No Deal), a banker, and 26 attaché cases filled with various cash amounts.

Each game starts with the contestant selecting one case from the 26. The host places this case next to the contestant and this particular case is not opened until the end of the game. The contestant then proceeds to randomly select and open the rest of the cases. After a few cases are opened, it is time to get an offer from the banker. The banker will consider how many attaché cases are left to open and if the big dollar amounts have been revealed, or if they are still in play. He then makes a cash offer to the contestant to stop playing the game. If the contestant accepts the cash offer, the game ends. If the contestant does not accept it, the game proceeds as before until all cases have been opened except for one from the remaining 26 and the original one the contestant selected. The banker then makes the final offer and if turned down, the contestant opens the first case he selected and gets to keep the amount inside.

Since there are a set number of attaché cases in the game, and when the attaché cases are opened we learn the dollar amounts, it can be determined what the odds are that a big dollar amount is left to be won. This helps the contestant determine whether to accept the bank’s offer, or to go for the big payout. Of course ultimately it comes down to luck. In order to win the one million dollars, the contestant has to pick the case containing it out of the 26 original cases at the start of the game and not sell out until the end. That is why not many players go on to win the million dollar jackpot. However, many contestants have won large pots in the tens of thousand and hundreds of thousand dollars.

Contestants are allowed to bring a support group of family members or friends along with them to Deal or No Deal for advice throughout the game. The support group is not allowed in the playing area but is seated just off to the side so they can easily communicate with the player.

Due to the unique playing format of Deal or No Deal, this game show has become one of the most favored game shows in recent history and has millions of fans worldwide.