Pit is a fast-paced card game for three to eight players, designed to rice pit open outcry bidding for commodities. US Corn Exchange and it was likely based on the very successful game Gavitt’s Stock Exchange, invented in 1903 by Harry E.
While the name Pit remains trademarked in many countries by Hasbro, versions of the game have been marketed under names, including Billionaire, Business, Cambio, Deluxe Pit, Quick 7, Zaster. Some decks consist of 74 cards with nine cards each of eight different commodities. Versions of the game starting in the 1970s contained a bell used to start trading. The first player to hold all nine cards of a commodity would ring the bell. A group of people playing Pit. The number of commodities included in each round is equal to the number of players.
Bull and Bear are included in play. Pit has no turns and everyone plays at once. Players trade commodities among one another by each blindly exchanging one to four cards of the same type. The trading process involves calling out the number of cards one wishes to trade until another player holds out an equal number of commodity cards.
The two parties then exchange the cards face down. That player then earns points equal to the number value of the commodity they were holding. In deluxe editions of the game, the player with a full set of nine has to ring the bell instead of throwing their cards. The first player to reach an agreed-upon point total wins the game. The Bull card is considered wild and can be used to complete any set.