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Punch a Bunch (also occasionally, if incorrectly, known as Punchboard) is a pricing game on the American television game show The Price Is Right. Debuting on September 27, 1978, it is played for a cash prize of up to $10,900, and uses small prizes. more...

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Though the top prize is $10,900, the announced top prize is $10,000, as is it relatively rare to be able to win more than that (see below), and the game is not designed with that eventuality in mind.

Gameplay

The contestant is shown four small prizes, one at a time, each with an incorrect price. The contestant must decide whether the correct price is higher or lower than the price shown. If they are correct, they win that item and earn one punch on a 50-hole punchboard.

After all four prizes are played, the contestant is directed to perform the punches they earned with a "Chuck Norris yell" (while Drew cites the fact that Norris taught Bob Barker) on the punchboard's dollar signs, opening the holes and revealing that they contain (closed) slips, each with a dollar amount on them.

The slip in the first hole punched is removed and shown to the contestant. They then decide whether to keep the cash amount and quit, or give it back and look in the next hole. This repeats until a $10,000 slip is found, the contestant quits (in which case the game will be played out at request), a "second chance" slip is found (details below), or the final hole is reached, and thus the contestant will win the amount on the last slip.

The only way to win nothing in Punch a Bunch is to be incorrect about all four small prizes and earn no punches. The values on the Punchboard, and their distribution, are as follows:

Second Chance

Four slips – one each of the lowest four values ($50, $100, $250, and $500) – also have the words "Second Chance" written on them, entitling the contestant to punch out another hole. The slip in the new hole is immediately revealed and added to the amount on the Second Chance slip. This total amount must be accepted or given back by the contestant. If a contestant's Second Chance punch reveals another Second Chance slip, they receive another punch which is added to the total of all previous Second Chance slips.

The Second Chance slips make the largest possible win $10,900, despite the announced grand prize. This can be accomplished by the contestant punching out a Second Chance slip, then punching out the remaining Second Chance slips on each consecutive Second Chance punch, until finally punching out a $10,000 slip on the final Second Chance punch. Several contestants over the years have actually won more than $10,000, although no one has ever found multiple "Second Chance" slips before finding the big prize. The most ever won in Punch a Bunch with the "$10,000" grand prize is $10,500 (the $500 Second Chance slip and a $10,000 slip).

Read more at Wikipedia.org