$1 billion prize for perfect NCAA bracket

A staggering $1 billion prize has been offered for the correct prediction for the outcome of every game in the NCAA´s tournament. Of course actually doing that is no mean feat so we could be looking at the wager of a lifetime and also the prize of a lifetime.

The mammoth $1 billion haul is being offered by Dallas based mortgage lender Quicken Loans Inc. in partnership with the Warren Buffet run Berkshire Hathaway of Nebraska. The prize can be claimed as forty $25 million installments or as a $500 million lump sum which can be shared if there are multiple winners.

It seems Quicken Loans CEO Dan Gilbert had to pay a hefty premium to Berkshire Hathaway to ensure the company would cover any potential payout. CEO Warren Buffet (main image) said.

“Dan says it is too much and I say it’s too little,” he told CNN

“I will invite him or her (any potential winner) to be my guest at the final game and be there with a check in my pocket, but I will not be cheering for him or her to win,” he said, jokingly. “I may even give them a little investment advice.”

The 64-team bracket can be filled in any one of 9 quintillion (written as 9,000,000,000,000,000,000) ways and you have more chance of winning the EuroMillions lottery multiple times than winning this prize.

We think it is safe to say this prize won´t be claimed, but if you want to try the entry is free limited to one per household starting on March 1st.