Welcome to March Madness. It is the time of the college basketball, Cinderella stories and the chance to win a billion dollars.
Yup. A billion with a B.
Warren Buffett and Quicken Loans are sponsoring a contest for the perfect bracket, where you pick all the winners in the NCAA basketball tournament. Chances of winning? About one in 4,294,967,296.
So the chances aren’t good. Yet they are still good enough to insure. Similar to Hole In One insurance, one of Warren Buffett’s insurance companies is insuring the bet for a premium that is somewhere in the ball park of $10 million.
If you haven’t filled out your bracket to win the $1 billion, you are out of luck. The deadline was last night at 1 AM EDT.
I filled out my bracket and so far I am still in the running. Most likely that will end as soon as they start playing the games, but hey, a girl can hope.
Not to be outdone, I also created a bracket for my favorite event marketing strategies.
Did your favorite win? Where did I go wrong in the seeding?
Post your favorite match ups in the comments.