$1 billion for a perfect March Madness bracket is being offered by Warren Buffett, a man who is a billionaire 53 times over. Buffett and Quicken Loans have partnered up and they want to give away $1 billion to the person who picks all 64 winning basketball teams in the NCAA Men's College Basketball Tournament, according to Forbes Magazine on Jan. 21.
The tournament excludes the play-in games, which narrows the field to 64 teams. Picking all 64 teams in the March Madness 2014 bracket is no easy feat as the odds of winning are one in 4,294,967,296. One thing that was made easy is entering this free $1 Billion March Madness contest.
Here are the simple rules for a shot at the $1 billion March Madness bracket contest:
*You can enter here anytime between Monday, March 3, 2014 and Wednesday March, 16, 2014. Brackets will be made available on Sunday, March 16, 2014. The contest is calling this date “Selection Sunday.”
*Only one entry per household is allowed.
*The contest is limited to the first 10 million entries, so you should enter when the contest opens. You will have time to ponder the teams you want to win because there are a few weeks between the contest accepting applications and the date it allows you pick your teams.
*If there is more than one winner, the winners split the $1 billion.
*The $1 billion is paid in 40 annual installments of $25 million a year. If you don’t want to wait, the lump sum offering is $500 million.
Even if you know nothing about basketball, you can enter by guessing your picks, of course you would have somewhat of an edge if you could get advice from a basketball fan.
Bookmark the page for March 3, when you can enter this contest. For entry information and detailed rules and regulations of the $1 billion March Madness bracket contest you will find it here on the contest’s official page: Quicken Loans Billion $ Bracket Challenge.
See what folks are saying about the contest and check out all the behind scenes action here on Facebook.