These Billionaires Are Offering $1 Billion For the Perfect March Madness Bracket
Huffington Post - about 3 years
The stakes for March Madness just got a little bit higher.
Quicken Loans, founded by Cleveland Cavaliers owner Dan Gilbert, and Berkshire Hathaway, run by Warren Buffett, are partnering to give away $1 billion to the lucky -- or clairvoyant -- person who can correctly predict the 2014 Men's NCAA Tournament bracket.
Though the prize is high, the feat is near impossible: the contest rules for the Billion Dollar Bracket Challenge note that the odds of winning the grand prize are one in 4,294,967,296. Last year, USA Today said the odds of filling out a perfect bracket (just using math, no basketball knowledge) were even higher: 1 in 9,223,372,036,854,775,808. They said the the odds were closer to 1 in 128 billion if you do know about the sport.
In the Quicken Loans contest, the grand prize winner would receive 40 annual installments of $25 million or could opt for a lump sum of $500 million. There's also $2 million at stake for creators of less-than-perfect brackets: 20 first prize w
Huffington Post article