Buffett Will Give You $1B for Perfect NCAA Bracket

He backs contest offered by Quicken Loans
By John Johnson,  Newser Staff
Suggested by pg13
Posted Jan 21, 2014 4:44 PM CST

(Newser) – A math professor at DePaul once figured out that the odds of picking every game correctly in the NCAA March Madness bracket is 1 in 128 billion, notes Yahoo Sports. (And that assumes basketball knowledge.) If those odds aren't too daunting, then Warren Buffett has just the contest for you: He's offering $1 billion for a perfect bracket this year, reports Bloomberg. Technically, his Berkshire Hathaway is backing a contest offered by Quicken Loans as a publicity stunt, but the money is the same. Get all the games right, and choose between 40 annual installments of $25 million or a lump sum of $500 million.

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