Think you know college hoops? Maybe you don’t think you know a thing about NCAA tournament, but still love a good sports contest? Either way, the Billion Dollar Bracket Challenge from Quicken Loans and Yahoo is a fun promotion that you should consider being a part of because, you know, one billion dollars.
This free contest has gained major national attention, and is sure to be referred to often throughout March Madness.
The idea behind the contest is quite simple – pick all 63 games of the tournament correctly, and you take home $1 billion. That’s not a misprint – the grand prize for a perfect bracket is a cool billion greenbacks. And if for whatever reason you’re apprehensive that they won’t pay you – the tournament prize is insured by Warren Buffett’s Berkshire Hathaway, a company in which one single stock share of BERK-A is worth about $185,000.
Odds of Winning the Billion Dollar Bracket Challenge
However, you might want to hold off on buying that new house, that fancy car or two, or making it rain at your local club just yet. The odds of picking a bracket perfect all the way through are astronomical to say the least – and as far as anyone knows, its never been done. You think one billion is a lot? Well, your chances are one in 148 pentillion, or 148 followed by 18 zeroes.
It looks like this 148,000,000,000,000,000,000.
The actual challenge website gives you a slightly different odds:
Mathematical odds of winning the Grand Prize are 1:9,223,372,036,854,775,808
Enter to win the Billion Dollar Bracket Challenge
With that said, why not take a chance at making bracket history? The contest is free to enter, doesn’t take long to register, and it surely will make the tournament a lot more exciting.. .until that #12 seed defeats that #4 seed.
Even if you muck it up in the sweet sixteen, you still have a chance to take home some dough — the 20 highest-scoring imperfect brackets entries will take home $100,000. It’s not a pentillion, but you can buy that fancy car you wanted earlier, or half a share of Berkshire Hathaway.
To register your entry for the Yahoo Billion Dollar Challenge, go here.
Once there, you will just need to fill out their signup form. Once registered you need to verify your email address. You will be able to name your bracket and start to make your picks. Be sure to get your complete bracket filled out before the deadline stated in the contest rules or you will be out of luck.
How Does the Billion Dollar Bracket Challenge Work?
The Challenge works on a point scale.
- 2nd Round (Round of 64): 1 Point for each correct prediction
- 3rd Round (Round of 32): 2 Points for each correct prediction
- 4th Round (Round of 16): 4 Points for each correct prediction
- 5th Round (Round of 8): 8 Points for each correct prediction
- 6th Round (Semi-Final): 16 Points for each correct prediction
- National Championship (Final): 32 Points for each correct prediction
Note – the contest is limited to the first 15 million entries, so you might want to get in soon to make sure the spots don’t run out. You don’t want to be the 15,000,001st person. With the NCAA tourney fast approaching, the time is now to pick out your favorite teams, find a few upsets, and get ready to root your for your picks. You’re well on your way to one billion bucks. And don’t forget to read the fine print.