If You Fill Out A Perfect March Madness Bracket, Warren Buffett Will Give You $1 Billion. Yes, With A B
Warren Buffet is one of the richest men in the world, worth nearly $60,000,000,000. And he is offering $25 million a year for 40 years to anyone that can fill out a perfect March Madness NCAA bracket.
Buffet’s investment firm, Berkshire Hathaway, is partnering up with Dan Gilbert’s (owner of the Cleveland Cavaliers) Quicken Loans, to make one lucky person exceedingly rich. Because if 40 years is too long for you to get $25 million a year, you could always just take a $500 million lump sum, single payment.
Before you start making plans for your summer vacation, let’s look at the odds of winning. The number of possible brackets is 2^63, or more specifically 9,223,372,036,854,775,808. Even after you factor in things like seeding, coaching and talent level, the odds of filling out a perfect bracket are nearly 1 in 128 billion.
Don’t believe my math? It’s not mine. DePaul math professor Jay Bergen made this video in 2012.
Don’t worry! Buffet and Gilbert aren’t just banking on the impossibility of a perfect bracket. The people who submit the 20 brackets closest to the way March Madness finally plays out will each receive $100,000. There is, however, a catch. That 100 grand has to be spent on either buying, building or remodeling a house. Considering Quicken Loans is, you know, a mortgage broker, that makes some sense.
Good luck to us all! I’m rooting for SOMEONE to take advantage of some basketball knowledge and wild intuition.
H/T: Bleacher Report, Top Photo Credit: Getty Images