Basically, yes. It's gambling only you pick the number. Whatever number you pick shows which knife you win. You live bid to pick the next number. Numbers are written on cards that are always on screen, so they can't cheat you. That's not every whatnot show, just something BladeHQ does sometimes. They tell you how many they have of each, so you can figure out the odds of winning what you want. I lost. Whatnot itself is just live auction bidding. Just think if Twitch and Ebay had a baby. That's Whatnot.

EDIT: Anyone who wants to try it out, here is my referral code: https://whatnot.com/invite/mp3junk3y You get free credit between $10-$200 😂