Warren Buffett offering a billion dollars for a perfect NCAA bracket

Discussion in 'Nuttin' but Net' started by oragator1, Jan 21, 2014.

  1. lazyxgator
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    lazyxgator Premium Member

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    Dont' think that is true...

    Registration is free and begins March 3, running through March 19. Registration is required and entrants will receive their brackets on Selection Sunday.
  2. heisenberg
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    heisenberg Member

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  3. regurgigator
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    regurgigator VIP Member

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    I was talking about my hypothetical contest, not Buffet's.
  4. enviroGator
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    enviroGator Well-Known Member

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    So what was all this 1 in 9 billion billion talk?!
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  5. exiledgator
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    exiledgator Gruntled Premium Member

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    To be clear, the odds of *randomly* filling out a bracket properly are 9,223,372,036,854,775,808 : 1 - the odds of filling out a bracket with basketball knowledge radically increase your odds. According to a DePaul professor, if everyone in America knew something about basketball and filled out a bracket, there would be a 0.25% chance that someone would win (128B : 1 per person). Alas, only the first 10 million are eligible for the prize (payable in a 40 year annuity or a $500M lump sum)

    Worthy of note:
    • Of the 8.15 million brackets submitted to ESPN last year, none were perfect after the field was narrowed to 32 teams. The best record, shared by 5 brackets, was 30 and 2.
    • These are the same odds as having your NFL team win 7 superbowls in a row.
    • Same odds as picking the winning party of Presidential election from now till 2164.
    • Informative Informative x 2
  6. corpgator
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    corpgator Well-Known Member

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  7. tilly
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    tilly Superhero Moderator VIP Member

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    Some fun facts:

    Buffett gives away 99% of his money to charity.
    He still lives in the same modest house from 1958.
    His annual salary is roughly 100,000 dollars.
  8. Gatorrick22
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    Gatorrick22 Well-Known Member

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    Do we have to guess the correct quarter final bracket locations too... e.g., west, midwest... etc..
    Last edited: Jan 24, 2014
  9. austingtr
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    austingtr VIP Member

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    99% of earnings I'm sure he isn't giving away his assets.
    Good for him about his house.
    I'm sure he doesn't need at penny of his salary.
    And I'm pretty sure he loves making money, and this bracket publicity is all about that.

    All of this doesn't negate he is a hypocrite regarding taxes, and that a lot of people (including him) make money off the NCAA tournament, yet this kids can't even get a free lunch for fear of being declared ineligible.

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