<P> Three contestants are called down to play . Getting $1 in one or two spins awards $100; in the bonus spin, getting a green section awards $500 while the dollar is worth $1,000 . The winning contestant (under normal Showcase Showdown rules) receives $250 . In the event of a tie, the players get one spin in a spinoff; the higher number won; if the tie involved concurrently with the bonus spin, another spinoff was done but no more money to be won . </P> <P> Two contestants are called down to play . Both contestants are shown a single showcase and bid on it by writing down their bids . After the bids are checked to ensure neither is duplicated, the contestant closer to the actual retail price of the showcase wins a pre-determined prize from the showcase . The contestant must be within $100 of the actual price of the showcase to win the entire showcase, which typically includes a car, the only time a car is given away on the live show . </P> <P> The production features a rotating series of hosts . Hosts have included Todd Newton, Marc Summers, David Ruprecht, Pat Finn, Mark L. Walberg, Roger Lodge, Michael Burger, JD Roberto, George Hamilton, Doug Davidson, Bob Goen, Chuck Woolery, Marco Antonio Regil, Alan Thicke, Drew Lachey, Jerry Springer, Joey Fatone, and current television announcer George Gray . </P> <P> Newton, Summers, Regil, Davidson, and Hamilton were contenders to replace Bob Barker, a job that ultimately went to Drew Carey . Davidson was also the host of a short - lived syndicated spinoff of the show known as The New Price Is Right, which ran for four months in 1994 . Regil, who is bilingual, hosted the Mexican version of the show (Atinale al Precio), which has aired at various times since 1997, including the current Warman - style UK Showcase format that debuted in April 2010 . Roberto has also been an announcer for the television version in 2010 (episodes taped August 2010 to start Season 39). Gray, who became announcer in 2011, began doing occasional shows starting in 2013 . </P>

Who is the host of price is right live