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-   -   Win a $Billion. (https://www.subsim.com/radioroom/showthread.php?t=210740)

RickC Sniper 01-21-14 09:26 PM

Win a $Billion.
 
Seriously!

http://www.nbcnews.com/business/win-...ner-2D11967842

"Warren Buffett will pay $1 billion for anyone who picks every winner of the March Madness basketball tournament."

ReallyDedPoet 01-21-14 09:27 PM

What are the odds of winning? Thought I heard them earlier on a sports network but can't remember.

RickC Sniper 01-21-14 09:31 PM

The odds of filling out a perfect bracket are a staggering 1 in 9.2 quintillion.

Do ya feel lucky?

soopaman2 01-21-14 09:35 PM

That is mastering the entire bracket? That is hard, I been picking brackets for 25 years, and never mastered it.

I would usually hope for 1000 people to win it just the screw the rich guy, But Warren is a good guy. I got alot of respect for him and his contributions to the people of America, more businessmen should be like him.

Maybe 3 people will win, out of 100k, it is that hard.

(edit missed the odds posted above, thanks Rick)

ReallyDedPoet 01-21-14 09:36 PM

Quote:

Originally Posted by RickC Sniper (Post 2166272)
The odds of filling out a perfect bracket are a staggering 1 in 9.2 quintillion.

Do ya feel lucky?

:o:o

RickC Sniper 01-21-14 09:44 PM

Quote:

Originally Posted by reallydedpoet (Post 2166275)
:o:o

LOL,

I never dreamed the odds would be that bad either.



But hey, the best 20 brackets win 100K so go for it!

Wolferz 01-21-14 10:03 PM

You'd stand a better chance of getting hit by a purple meteor.:rolleyes:

Wolferz 01-22-14 12:03 PM

I wonder if ol' Doc Brown still has that DeLorean?:yep:

vienna 01-22-14 12:58 PM

I heard on the radio news (yes, I'm one of the few who still listen to regular radio) that the odds were calculated based on the participants being holders of advanced degrees in mathematics and/or the sciences. If that is true, the odds for regular old Joes like ourselves reach the realm of finding the full value of Pi. It would be a bit of a giggle if some soul just picked choices at random and walked away with the lot...


<O>

Wolferz 01-23-14 10:05 AM

Sod off!
This one's mine.:03::yep:

I think I could live comfortably on $25,000,000.00 a year. :sunny:

the_tyrant 01-23-14 10:34 AM

I actually think this is smarter than you might think

Ever seen the movie Moneyball? Ever heard of Sabermetrics?

The statistical study of Baseball has completely changed the face of the sport, and arguably, saved teams more than 1 billion dollars.

Basketball is traditionally easier to predict (favored teams win a higher percentage of the time than in baseball or football). And we see gamblers out there who have distilled down formulas for this stuff.

Remember, the odds of a random guy getting it all right is so low, its negligible.

Thus whoever gets it right much have a technique, a formula. Buffett is just spending 1 billion trying to buy it.

Admiral Halsey 01-23-14 10:38 AM

Quote:

Originally Posted by RickC Sniper (Post 2166272)
The odds of filling out a perfect bracket are a staggering 1 in 9.2 quintillion.

Do ya feel lucky?

http://www.youtube.com/watch?v=zMRrNY0pxfM


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