[the_tyrant]

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.