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$1 billion offered for perfect NCAA basketball tournament bracket
Posted by: btfc
Date: January 22, 2014 06:43PM
Let's split this up!

[www.cbsnews.com]

"Correctly predicting the outcome of every game in the NCAA men's basketball tournament is no layup. There's now a $1 billion prize waiting for anyone able to pull off the feat this spring.
Quicken Loans Inc. announced Tuesday that it will team with investor Warren Buffett's Omaha, Neb. based Berkshire Hathaway on the "Billion Dollar Bracket Challenge."
The Detroit-based mortgage lender says any qualified entrant who correctly predicts the winners of every game in the tournament will be paid in 40 annual installments of $25 million. A winner also can elect to receive an immediate $500 million lump-sum payment or share in that payment if there's more than one perfect bracket submitted.
Submissions are limited to one per household."
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Re: $1 billion offered for perfect NCAA basketball tournament bracket
Posted by: Grumpyguy
Date: January 22, 2014 06:49PM
Now where's my time machine ?


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Re: $1 billion offered for perfect NCAA basketball tournament bracket
Posted by: Drew
Date: January 22, 2014 07:06PM
How many possible combinations are there?
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Re: $1 billion offered for perfect NCAA basketball tournament bracket
Posted by: Speedy
Date: January 22, 2014 08:56PM
Quote
Drew
How many possible combinations are there?

9 quadrillion give or take a few trillion.


Saint Cloud, Minnesota, where the weather is wonderful even when it isn't.



Edited 1 time(s). Last edit at 01/22/2014 08:57PM by Speedy.
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Re: $1 billion offered for perfect NCAA basketball tournament bracket
Posted by: datbeme
Date: January 22, 2014 11:27PM
Decisions. Decisions. I know Buffet would council me to take the 500 million and invest it, but I think I'll just take the $25 million a year.
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Re: $1 billion offered for perfect NCAA basketball tournament bracket
Posted by: MikeF
Date: January 22, 2014 11:35PM
The probability is that you will be bitten by a shark 3 times in your lifetime before you win this...
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Re: $1 billion offered for perfect NCAA basketball tournament bracket
Posted by: miK.
Date: January 22, 2014 11:41PM
Quote
Grumpyguy
Now where's my time machine ?




Sometimes I wonder, "What would Hodor say in this situation?" - Jim Gaffigan

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Re: $1 billion offered for perfect NCAA basketball tournament bracket
Posted by: Speedy
Date: January 23, 2014 08:43AM
Quote
Speedy
Quote
Drew
How many possible combinations are there?

9 quadrillion give or take a few trillion.

Correction, not 9 quadrillion, but 9 quintillion, assuming 50:50 chance for each team each game. But the odds are far better because most number one seeds almost always win, etc. This article claims odds are 1 in 128 billion.

[www.theatlantic.com]


Saint Cloud, Minnesota, where the weather is wonderful even when it isn't.
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