Being Psychic Could Win You $1 Billion

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billion dollar bracketHave you heard yet?  Warren Buffet and Dan Gilbert (from Quicken Loans,) are giving away $1 billion to anyone who gets a perfect bracket on their March Madness predictions.  Or, if multiple people get it right, they’ll split it.  This seems amazing, until you realize that your odds are anywhere between 1 in some 4 million and 1 in some 9 quadrillion.  (I’ve heard both and everything in between, and I’m ashamed to say I don’t remember how to do that algebra with all the “n”s raised to whatever exponent.)

We’re still going to fill out brackets.  His will probably be based off stats and gut feelings, while mine, as always, will be based on where my friends and family went to school.  Maybe one of us will get close.  Probably him.  You enter your bracket on the official website, which apparently won’t be up until March 3.  I’ll update this post when I have a url.  And it will be open until March 19.  UPDATED!  Here is the link to fill out your bracket.  And it’s open till March 20.

The really awesome part?  Quicken loans will award the top 20 closest brackets (not perfect, but closest) $100k towards buying a new home, or refinancing or remodeling your current one.  I’m liking the odds on that one a whole lot better.  Though I better bank on the fiance…he still always gets closer than me.

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8 thoughts on “Being Psychic Could Win You $1 Billion

    1. femmefrugality Post author

      Thanks for the number! If you fill out a bracket every year anyways, why not? Good luck to you, too!

  1. donebyforty

    I think I’m going to copy that old ESPN article, and let my dogs decide my bracket. I’ll have a treat on two paper plates, each with a team on it. The first treat eaten is the pick.

    Thanks for the info: remind us when we get closer to March Madness and I’ll submit my pets’ entry!

      1. donebyforty

        The pups’ picks are in! All made using carrots: one in each hand. Whichever they picked, that was the pick.


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