Hi Tech Expressions released two editions of the DOS version of the game in 1988 plus a Junior Version, followed by a Nintendo version in 1989. Both versions of this party game featured a scene set in a living room, with the game contestants (representing real-life players) seated on opposite couches, much like the television show. While the game system drew a picture on the screen, one of the players would have a limited amount (60 seconds for the main game, and 90 for the speed round) of time to type in the word or phrase represented by the image. If the player typed in the incorrect answer, a player on the opposing team would have an opportunity to type the correct answer (in single-player games, the game system would type a random incorrect answer). The team that typed the correct answer would win money for that round. The team that earned the most money at the end of the game won.
Source: Wikipedia, "http://www.wikipedia.com/Win,_Lose_or_Draw#Home_versions," available under the CC-BY-SA License.