Author Topic: Warren Buffett Offers $1 Billion for Perfect 'March Madness' Bracket  (Read 153 times)

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Offline Cincinnatus

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Here ya go, sports fans:

Warren Buffett is partnering with Cleveland Cavaliers owner Dan Gilbert to offer $1 billion to anyone who fills out a perfect bracket for the 2014 men's "March Madness" college basketball tournament.

Buffett's Berkshire Hathaway and Dan Gilbert's Quicken Loans will pay out the prize in "40 annual installments of $25 million. If there's more than one winner they'll have to share. The winner or winners can also take or split up an immediate $500 million lump sum payment."

"It is our mission to create amazing experiences for our clients. This contest, with the possibility of creating a billionaire, definitely fits that bill," Jay Farner, President and Chief Marketing Officer of Quicken Loans, said in a statement. "We've seen a lot of contests offering a million dollars for putting together a good bracket, which got us thinking, what is the perfect bracket worth? We decided a billion dollars seems right for such an impressive feat."

Quicken will also "award $100,000 each to the contest's 20 most accurate 'imperfect' brackets submitted by qualified entrants in the contest to use toward buying, refinancing or remodeling a home. Quicken will also donate $1 million to inner-city Detroit and Cleveland non-profit organizations."

Entrants have a 1 in 9.2 quintillion chance to win the $1 billion prize.

The contest begins on March 3rd and "March Madness" begins on March 18.

If they donate $1m to Detroit it ought be in ones and used to fill that sinkhole. Otherwise it will just be wasted.

Good luck to anyone on here who decides to take on this daunting challenge  (a 1 in 9.2 quintillion chance) and if you win, whoever you are, don't forget your close friends on GOPbr. Like me.
We shall never be abandoned by Heaven while we act worthy of its aid ~~ Samuel Adams

Offline mountaineer

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Re: Warren Buffett Offers $1 Billion for Perfect 'March Madness' Bracket
« Reply #1 on: January 22, 2014, 08:26:46 AM »
Considering the NCAA bracket is all Obummer works on during February and March, perhaps he's hoping to bring home the prize money.
“Let each citizen remember at the moment he is offering his vote that he is not making a present or a compliment to please an individual – or at least that he ought not so to do; but rather he is executing one of the most solemn trusts in human society for which he is accountable to God and his country.” Samuel Adams, April 16, 1781.

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