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PRLog (Press Release) – Mar 08, 2008 – Deal or No Deal involves a contestant, a host/presenter, a banker, a group of female models (in the American, Australian, Malaysian and New Zealand version) or other contestants (in the original version), and a number of briefcases (or boxes), each containing a different (and initially unknown) value. The game begins with the contestant picking a case which he or she hopes will have the highest value. During the rest of the game, the contestant selects the rest of the cases one at a time for rejection, the value of each case being revealed after it is selected. Each time after a specified number of cases have been opened, the banker offers the contestant a certain amount of money. If the contestant accepts one of these offers, the game ends and the player wins the offered amount; if the contestant refuses all the offers made, they eventually end up with the money from the first case (unless they decide to switch their case with the last one in the gallery).

Since the range of possible values for cases is known at the start of each game, how much the banker offers at any given point changes based on what cases have been eliminated. To promote suspense and lengthen games, the banker's offer usually strays from the expected value dictated by probability theory, particularly early in the game.

Worldwide, the largest amount offer (in terms of exchange rates) was €1,495,000 on the original Miljoenenjacht, on November 13, 2005 (which was accepted; the contestant's case only had €1,000) (see the Miljoenenjacht page for details), making it possibly the biggest win in the history of the franchise. Only a few people have ever won the top prize on any version of the show (see table below). But, to date, no contestant on the U.S. version of Deal or No Deal has ever won the top prize, although 16 contestants have chosen a seven-figure case as "their" case at their episode's beginning (not limited to $1,000,000US due to occasional increases in available prizes).

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