Warren Buffett backs $1B NCAA bracket contest - KTIV News 4 Sioux City IA: News, Weather and Sports

Warren Buffett backs $1B NCAA bracket contest

Posted:

(CNN) - Think you're pretty good at the NCAA brackets? Well get your game on.

Quicken loans is offering a billion-dollar prize for the basketball fan who submits the perfect bracket for this year's tournament.

Billionaire investor Warren Buffett is the one actually betting the billion-dollars..

Buffett's company Berkshire Hathaway will pay out the prize. If there's a winner.

And that's a pretty big if.

That's because the odds of winning are even greater than winning MegaMillions are Powerball's top prize.

Math and science website orgtheory.net says there are more than nine-quintillion possible ways to fill out the 64-team bracket.

Those are pretty steep odds.

But Buffett says since the winners in the tournament aren't random. There's really no way to accurately calculate the actual odds of the perfect bracket.

Quicken will also pay out $100,000 to 20 contestants who score the best in the brackets.

So there's hope yet for a victory!


Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KTIV Television Inc. All Rights Reserved.
For more information on this site, please read our Privacy Policy, Terms of Service and Mobile Privacy Policy & Terms of Service.

Persons with disabilities who need assistance with issues relating to the content of this station's public inspection file should contact Administrative Assistant Kathy Clayton at (712) 239-4100 x209. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at fccinfo@fcc.gov.