How does the million dollar insurance work exactly? Is it a gamble on the insurer’s part that Fremantle/CBS will end up paying them ‘x’ amount of $$ over a period of time after being provided with a set list of games, prizes and setups along with statistics to prove that the chance of the game(s) being won are quite minimal, making the gamble worth it for the insurer? Are
all of the games insured, or just certain ones? I have a hard time believing Grand could be insured with such a simple setup, but I’m also completely ignorant to how the process works. If it wasn’t insured, the budget is certainly happy today.
I’m not knocking the house as a prize. It’s different. It fits the times we live in. We’ll probably never see it offered again. But make that the Golden Road prize and beef up the Showcases a little more. It’s not like the third (fourth) digit is anymore difficult to guess on a random Audi than it is a random tiny house. I’ll agree with those thinking the show didn’t plan for the house to be accepted by the contestant should it have been won. However, that same purpose could have been served in GR, and it wouldn’t have made a difference other than having a lesser likelihood of being won. Put that Audi in one of the Showcases or split the difference and beef up the value of both SCs. Idk. I’ve seen some weird decisions made this week (weird ≠ ‘bad’), but I really don’t know what to make of today.
Going back to Grand, the contestant was older and mentioned he was a nurse practitioner. Maybe he and his wife have a good savings and are set for retirement, so the $100K wasn’t a huge gamble in the grand scheme of things. I can’t think of any other reason to go for it other than being completely caught up in the moment.
Edit: (To quote the late, great Steve Jobs "...and one more thing") All prizes are priced at MSRP. That's completely fair and how the show has always been played. But unless I'm missing something, the particular hair gel shown today is one of the more prominently displayed ones at Walmart. I know this because I've used it several times in the past and have a container sitting in my bathroom as we speak (it's not the best stuff but it's cheap lol).
The current walmart.com price is $4.99. I believe I've purchased it for as low as $3.99 before, but it's been a while, so I'm sure inflation has hit it. That said, the MSRP may very well be $7.99, and there are indeed some retailers who price it around that amount -- and Walmart is most certainly selling it at a discount because of pure volume sales, as they do most of their items. Not only that, but the show has an obligation to go with the ARP and not the Walmart price. But I personally would have lost this playing of Grand Game had I gone for it, because I'm well aware of the Walmart price of the gel and would have based my decision thinking the ARP wouldn't be much higher -- certainly not 60% more expensive. I have to think the show wasn't aware that it can be purchased for under $5.50 at such a prominent retailer, otherwise I truly don't believe they offer it in this particular playing. A regular Grand Game playing? Sure. But one where such discrepancies could mean the difference in a contestant winning or losing a life-changing amount of money? More care probably should have been taken there to ensure all of the grocery items were priced consistently across retailers,
especially Walmart. That's purely my opinion.