Billionaire Warren Buffet offers $1bn to whoever calls the winners of all NCAA games

While America is looking forward to the Super Bowl, things could rapidly change as billionaire Warren Buffet and his company, Berkshire Hathaway, in partnership with Quicken Loans, decided to offer record cash prize for a perfect March Madness bracket.

Warren Buffet is offering $1 billion to any person who can correctly pick the winners of all 63 games in this year’s NCAA men’s college basketball tournament. The odds of winning are said to be one in 4,294,967,296, so there might not be any winner. There is still a chance to win money as 20 most accurate “imperfect” brackets will be offered $100,000 to be used for buying, refinancing or remodeling a home. The $1 billion will be paid in 40 annual installments of $25 million. Or if the winner does not want to wait around that long, he can claim a lump sum payment of just half: $500 million. Everyone can enter the challenge. There is no fee to enter. The only thing people have to do is to enter the contest between March 3rd and March 19th. Brackets will be made available on Selection Sunday, March 16, 2014, and will initially be limited to 10 million entrants, but only one per household. More information can be found on the Quicken Loans page on Facebook.

Source: Forbes