Warren Buffett Promises $1 Billion For a Perfect 2014 NCAA Tournament Bracket

· January 21, 2014

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No need to ask if you want to be a $1 billion dollars richer. Obviously, the answer to that question is yes. And in a little more than a month, you’re going to get your chance to do it.

Warren Buffett and Dan Gilbert are teaming up to hold the craziest NCAA Tournament contest of all time. In the past, companies have promised to give away thousands and even millions of dollars to people who were able to fill out their NCAA tournament brackets perfectly. But this year, Buffett and Gilbert are promising to give away $1 billion—yes, $1 billion!—to whoever is able to complete the impossible task of filling out a blemish-free tournament bracket. The winner of the contest, assuming there is one, will receive either 40 annual payouts of $25 million or the option of receiving a $500 million lump sum payment. And the best part of all? It’s going to be completely free to enter the contest.

There’s a pretty good chance that you won’t win the $1 billion contest. According to a piece that USA Today ran last March, you have a 1 in 9,223,372,036,854,775,808 chance of filling out a perfect bracket.

Still dismal. (Quicken Loans says online that the odds of winning the grand prize are roughly 1 in 4.3 billion.)But hey, it’s worth a shot, right? RIGHT.

The contest tips off on March 3. Mark it on your calendars immediately. 

[via Business Insider]

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Discussion4 Comments

  1. Zara says:

    Will. Be. Doing. This.

  2. Cease says:

    Let me get to work.

  3. Bird says:

    yes. im gonna be on the billionaires under 25 list after I win this.

  4. Zak Ryerson says:

    I still have not found the website that give the exact rules to thet would servve to prevent enough people with one or more coumputers each from sendin in all possible brackets.

    And I want to try to Get Warren Buffet to offer a much tougher
    Three Bracket Challeng.

    Before 11:30 A.M. on the day of the Round of 64 of The Vanderbilt Knockout Teams (Duplicate Cotract Bridge)* Submit a barcaket

    You have untilll one half hour before the Tip Off of the Men’s Round of 64 to Submit a Men’s Bracket.

    And until 11:30 Pacific on The Friday before The Women tip off in their Round of 64 to Submit s Women’s Bracket.

    Best Bracecket for each Tournment wins Ten Thousand Dollars ($10,000).**

    Best Three Bracketw ins One Hundred Thousand Dollars.

    * The Spring North American Bridge Championships will be held in Dallas, Texas this year.
    Warren Buffet is a very good Bridge player who did hot play in a tournament as the ecocmy melted down.

    ** The method may use a one gets points for picking upsets, loses points for incorrectly picking too many upsets and get bonus points for getting all four 7 –10 and especially all four 8 — 9 games correct and having all four 4 — 5, 4 — 13, 12 — 5 or 12 –13 second round games correct and then having the 4 correct Teams in “The Sweet Sixteen.

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