Warren Buffett and Dan Gilbert Offer One Billion Dollars to Anyone Who Fills Out a Perfect NCAA Tour

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Warren Buffett Will Give You $1 Billion If You Fill Out A Perfect 'March Madness' Bracket


Warren Buffett's Berkshire Hathaway and Dan Gilbert's Quicken Loans are partnering to award anyone who fills out a perfect 2014 Men's NCAA Tournament bracket with $1 billion.

The prize will be paid out in 40 annual installments of $25 million. If there's more than one winner they'll have to share. The winner or winners can also take or split up an immediate $500 million lump sum payment.

"It is our mission to create amazing experiences for our clients. This contest, with the possibility of creating a billionaire, definitely fits that bill," Jay Farner, President and Chief Marketing Officer of Quicken Loans said in a statement. He added: "We've seen a lot of contests offering a million dollars for putting together a good bracket, which got us thinking, what is the perfect bracket worth? We decided a billion dollars seems right for such an impressive feat."


In addition to the grand prize, Quicken will award $100,000 each to the contest's 20 most accurate 'imperfect' brackets submitted by qualified entrants in the contest to use toward buying, refinancing or remodeling a home. Quicken will also donate $1 million to inner-city Detroit and Cleveland non-profit organizations. Quicken is based in Detroit, but Gilbert owns the Cleveland Cavaliers and the city's Horseshoe Casino.

The odds are not ideal — a 1 in 9.2 quintillion chance.

But it costs nothing to fill out so you should probably do it. The contest starts March 3rd. "March Madness" kicks off March 18.
Click to expand...
http://www.businessinsider.com/warren-buffett-billion-dollar-bracket-2014-1

http://www.bloomberg.com/news/2014-...-prize-for-quicken-loans-in-ncaa-contest.html

Making a thread so even the non college basketball watchers are aware.
 
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The odds of you filling out a perfect bracket this year are a staggering 1 in 9.2 quintillion. That's a nine with 18 zeroes or 9,223,372,036,854,775,808 if you're not into the whole rounding thing :lol:
 
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StillIn729 said:
The odds of you filling out a perfect bracket this year are a staggering 1 in 9.2 quintillion. That's a nine with 18 zeroes or 9,223,372,036,854,775,808 if you're not into the whole rounding thing :lol:
Click to expand...

I'm assuming that number comes from RANDOMLY choosing all 64 teams. The thing about the tournament is that the winners aren't random at all.
 
More then one person is going to pick it... Probably from NT, odds for those who limit themselves by numerical boundries. **** odds, calling 67 games with no spread. Def possible, several people are going to be sitting lovely for many years to come:smokin
 
i guess i will be that person
thats dumb that billion could be put to use to help these inner city youth get out the street
get an education
buy books for these schools that dont have any
wasnt there a thread in general about some elementary in nyc
that had no books and was just a ****** school in general
man i hate stuff like this specially when i see people every day suffering
to make a living.
**** just sounds stupid to me
but whatever
 
There are documented perfect brackets. I always get in my wifes work pool and clean up. I've lost 3 before, but I'm sure somebody in some office pool somewhere has went perfect. They just didn't see it as a big enough deal to get online and tell everyone or contact espn.
 
I played in the ncaa tournament, any team on any given night!! We should strategically come up with a team of experts and split the doe... If we had 500 experts and 500 brackets we could make a serious run at it
 
I may do it just for the hell of it. But I seriously doubt anyone will hit a perfect bracket.
 
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