As the annual NCAA Men’s basketball tournament tips off, so does the annual frenzy of basketball brackets with the competition on the court often extending to the office.
Thanks to one of the wealthiest men in America, filling out a bracket this year can earn you more than just office bragging rights.
Warren Buffett and Quicken Loans are betting you can’t beat the odds by promising a cool billion buck-a-roos if you pick a perfect March Madness bracket! Registration is online and it’s free.
No coincidence there are questions about whether you own or plan to buy a home. However, Quicken Loans maintains there’s no information gathering schemes going on.
Mathematicians say winning the challenge is not possible. Though that’s not stopping them from teaching bracket-fillers how to make the impossible seem doable.
Favorite team, best looking uniforms and cool school colors won’t do it for strategy. You’ll really need to know your basketball stuff. About a half-dozen colleges are offering special seminars and classes to teach people the ins and outs of the numbers.
There’s one website, takebuffettsbillion.com, that sends a statistician-crunched bracket to anyone who signs up, with the promise that all those in on the gig will split the dough if there’s a winner.
Only 15 million people will be allowed to make their guesses. Quicken will pay $100,000 to the 20 most accurate brackets.
An estimated 50 million Americans will craft a bracket for the 2014 NCAA tournament. But the odds of winning the Buffett Bracket Challenge is about 1 in 9 quintillion! That’s 18 zeros.