bbbbcccc
bbbbcccc
Joined: Sep 5, 2013
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January 21st, 2014 at 1:31:56 PM permalink
Fill out a perfect NCAA bracket, win a billion dollars

http://www.ajc.com/news/sports/college-basketball/warrenn-buffett-offers-1-billion-for-perfect-ncaa-/ncwjr/
Buzzard
Buzzard
Joined: Oct 28, 2012
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January 21st, 2014 at 1:36:25 PM permalink
Is the money in an escrow account ? I don't want to spend time winning this and then not get paid !
Shed not for her the bitter tear Nor give the heart to vain regret Tis but the casket that lies here, The gem that filled it Sparkles yet
Transcend
Transcend
Joined: Oct 1, 2013
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January 21st, 2014 at 1:43:25 PM permalink
Quote: bbbbcccc

Fill out a perfect NCAA bracket, win a billion dollars

http://www.ajc.com/news/sports/college-basketball/warrenn-buffett-offers-1-billion-for-perfect-ncaa-/ncwjr/



The odds of filling out a perfect bracket are astronomical
1 in 9,223,372,036,854,775,808

http://www.usatoday.com/story/gameon/2013/03/19/ncaa-tournament-perfect-bracket-odds-quintillion/1999795/?showmenu=true
Part of it went on gambling, and part of it went on women. The rest I spent foolishly. -George Raft
bbbbcccc
bbbbcccc
Joined: Sep 5, 2013
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January 21st, 2014 at 1:44:11 PM permalink
Quote: Buzzard

Is the money in an escrow account ? I don't want to spend time winning this and then not get paid !



It's insured by Berkshire, and Buffett has publicly commented on it. Of all people, I don't think Buffett is the one that would ruin his reputation at the end of his life by refusing to pay it off. The guy is old and knows he can't take it all with him.
bbbbcccc
bbbbcccc
Joined: Sep 5, 2013
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January 21st, 2014 at 1:45:29 PM permalink
Yeah, the ESPN game has millions of entires a year, and no one ever wins. Still, at a billion dollars, this is sort of like a larger lottery with longer odds and no investment of $1.
befamous7
befamous7
Joined: Sep 9, 2013
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January 21st, 2014 at 1:45:53 PM permalink
Quote: Transcend

The odds of filling out a perfect bracket are astronomical
1 in 9,223,372,036,854,775,808



So you're telling me there's a chance?
thecesspit
thecesspit
Joined: Apr 19, 2010
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January 21st, 2014 at 1:58:28 PM permalink
US citizens only.... sigh...
"Then you can admire the real gambler, who has neither eaten, slept, thought nor lived, he has so smarted under the scourge of his martingale, so suffered on the rack of his desire for a coup at trente-et-quarante" - Honore de Balzac, 1829
Transcend
Transcend
Joined: Oct 1, 2013
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January 21st, 2014 at 2:01:55 PM permalink
Quote: befamous7

So you're telling me there's a chance?



There is always a chance....and you may as well enter if you can
Part of it went on gambling, and part of it went on women. The rest I spent foolishly. -George Raft
tringlomane
tringlomane
Joined: Aug 25, 2012
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January 21st, 2014 at 2:16:46 PM permalink
Quote: Transcend

The odds of filling out a perfect bracket are astronomical
1 in 9,223,372,036,854,775,808

http://www.usatoday.com/story/gameon/2013/03/19/ncaa-tournament-perfect-bracket-odds-quintillion/1999795/?showmenu=true



That's if you pick blindly though.

If you have a 2/3rds chance of winning every game (more realistic), then you have 1 in 124 billion chance of being perfect.
Transcend
Transcend
Joined: Oct 1, 2013
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January 21st, 2014 at 2:26:17 PM permalink
Quote: tringlomane

That's if you pick blindly though.

If you have a 2/3rds chance of winning every game (more realistic), then you have 1 in 124 billion chance of being perfect.



True but still rather outrageous chances
Part of it went on gambling, and part of it went on women. The rest I spent foolishly. -George Raft

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