"And now....here he is....the one....the only.....GROUCHO!" You Bet Your Life debuted today in 1947 on ABC Radio. October 27, 1947: The quiz show You Bet Your Life went on air for the first time on ABC. It was hosted by Groucho Marx and George Fenneman. The show remained on radio from 1948 to 1959 and made the jump to TV from 1950 to 1961. The show included very easy questions, such as, “Who is buried in Grant's tomb?” Apart from hearing it on the radio, You Bet Your Life could also be seen on television. The show featured teams of contestants consisting of one male and one female, usually selected from the audience. Sometimes, famous people were also invited to play. In the actual game, each team was given the chance to choose a category (from the 20 available), and their task was to answer the questions from that category. Every time they answered the question correctly, they earned money. For those who had earned $25 or less, a very easy question