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Out of 15M brackets, none remains to win Warren Buffet's $1B March Madness bet

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51–60 of 84 posts

Re: Out of 15M brackets, none remains to win Warren Buffet's $1B March Madness bet

#54
post #51

What am I missing...? The top bracket is still perfect, currently 30/30 and their pick is leading in the other two games

From what I can tell, the still-perfect bracket is not in the Billion Dollar Bracket Challenge, but just at the top of the overall leaderboard among all brackets/pools on Yahoo.

Re: Out of 15M brackets, none remains to win Warren Buffet's $1B March Madness bet

#55

A friend and I today discussed if you had a perfect bracket after the great 8 round, going into the Final 4, would you, and for how much, sell a stake in your bracket to hedge your money? The numbers, though it's a "billion $" bracket, that's actually $25M over 40 years, or an optional $300M single payout. In the US, you could expect about 55% of that after taxes, so $165M. There are 3 games left at the Final 4 game.

The single payout amount is $500 million (not that it matters any more).

https://www.quickenloansbracket.com/rules/rules.html

Re: Out of 15M brackets, none remains to win Warren Buffet's $1B March Madness bet

#56
post #17
post #7

There are currently still 3 perfect brackets on ESPN. 1. http://games.espn.go.com/tournament-challenge-bracket/2014/en/entry?entryID=576318 1. http://games.espn.go.com/tournament-challenge-bracket/2014/en/entry?entryID=4155737 1. http://games.espn.go.com/tournament-challenge-bracket/2014/en/entry?entryID=10928050 http://games.espn.go.com/tournament-challenge-bracket/2014/e...

Not anymore: SFA 77 VCU 75

Looks like that bracket called that game correctly. He's still 31/31 according to that link.

Re: Out of 15M brackets, none remains to win Warren Buffet's $1B March Madness bet

#57

Assuming you could pick game winners with 80% probability, your odds of selecting a perfect 63 game bracket are less than 1 in a million. I.e. >>> .8 ** 63 7.846377169233378e-07 Even at 90%, your odds are little better than 1 in a thousand: >>> .9 ** 63 0.0013100205086376223 Needless to say, I didn't even bother entering.

What? You didn't take 1 in a million odds because? The challenge was free. I took the challenge (and lost). To dismiss the challenge because of the long odds is silly. You left a free lunch on the table.

Re: Out of 15M brackets, none remains to win Warren Buffet's $1B March Madness bet

#58
post #8

Earlier quoted context omitted.

Looks like I can no longer edit the title, but you're right. http://sports.yahoo.com/blogs/ncaab-the-dagger/there-are-no-...

Looks like the final perfect bracket (even though it's ineligible for the Billion Dollar Challenge) is about to be busted anyway with VCU on the verge of beating S.F. Austin. edit: March Madness.

S.F. Austin had a 4-point play with 3.6 seconds left in the game to tie. Then they won in overtime. That guy is still perfect!

Re: Out of 15M brackets, none remains to win Warren Buffet's $1B March Madness bet

#59
post #15
post #7

There are currently still 3 perfect brackets on ESPN. 1. http://games.espn.go.com/tournament-challenge-bracket/2014/en/entry?entryID=576318 1. http://games.espn.go.com/tournament-challenge-bracket/2014/en/entry?entryID=4155737 1. http://games.espn.go.com/tournament-challenge-bracket/2014/en/entry?entryID=10928050 http://games.espn.go.com/tournament-challenge-bracket/2014/e...

Now they are all done. Thanks, SF Austin. I got it wrong, too.

Greatest flop in tournament history!

Re: Out of 15M brackets, none remains to win Warren Buffet's $1B March Madness bet

#60

Assuming you could pick game winners with 80% probability, your odds of selecting a perfect 63 game bracket are less than 1 in a million. I.e. >>> .8 ** 63 7.846377169233378e-07 Even at 90%, your odds are little better than 1 in a thousand: >>> .9 ** 63 0.0013100205086376223 Needless to say, I didn't even bother entering.

What? You didn't take 1 in a million odds because? The challenge was free . I took the challenge (and lost). To dismiss the challenge because of the long odds is silly. You left a free lunch on the table.

It's not actually a 1 in a million chance though. It's more like 1 in 9.2 quintillion. I'd argue for many the time it takes to enter is worth more than those odds, not to mention giving up all the personal info to Quicken loans and Yahoo.
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