Rat Race
(Blog post:
https://stoseontpir.blogspot.com/2019/09/the-ultimate-price-is-right-strategy_2.html)
Random fact
They once played this game for cash instead of a car; the prizes were $25,000, $50,000, and $100,000. You can see how the contestant did here:
Win-loss record (seasons 38-47): 40-68 (37.04%)
Which lane contained the winning rat? (seasons 38-47)
Note: the following list only counts playings where the race was actually run.
- Lane #1 (the left most lane): 34 playings (32.38%)
- Lane #2: 18 playings (17.14%)
- Lane #3: 17 playings (16.19%)
- Lane #4: 15 playings (14.29%)
- Lane #5 (the right most lane): 21 playings (20.00%)
Which rat won? (seasons 38-47)
Note: the following list only counts playings where the race was actually run.
- Blue: 17 playings (16.19%)
- Green: 20 playings (19.05%)
- Orange: 26 playings (24.76%)
- Pink: 23 playings (21.90%)
- Yellow: 19 playings (18.10%)
What were the values of each of the prizes? (seasons 44*-47)
* I'm choosing season 44 to start with because before that season, they sometimes had second prizes worth less than $30.
- First prize: $1.49-$7.99
- Second prize: $40-$90
- Third prize: $110-$300
Strategy
Part 1: Prize pricing- First prize: For the first prize, your guess should be between $2.49 and $6.99, inclusive. Of course it's possible they could expand the range of prices of the prize, but the $7.99 item they used in season 47 was a full $1 more than any other first prize they had ever used, so I doubt they'll expand much further any time soon. Beyond that range, know the price.
- Second prize: Your guess should be between $50 and $80 inclusive. Beyond that, know the price.
- Third prize: Guess $200. They have never used a third prize that was strictly less than $100 or strictly more than $300.
Part 2: Which rats to pickPick the endpoints! As you can see, no color has a huge advantage, but one lane does. For whatever reason, the left most lane wins significantly more often than any other lane, so you should choose whatever rat is there. Then go for the right most lane. If you were good enough at pricing to have a third rat, choose your lucky color from the three rats in the middle.