He mixed it up this year...
https://www.usatoday.com/story/spor...rfection-earns-1-million-year-life/415748002/
Warren Buffett's bracket challenge is back.
The billionaire CEO of Berkshire Hathaway is once again offering an astronomical prize to any of his employees who can beat the NCAA tournament's astronomical odds. In an interview with CNBC last month, Buffett said any employee who accurately predicts all Sweet 16 teams will receive $1 million per year for the rest of his or her life.
"But if either Creighton or Nebraska ends up winning the tournament, we're going to double the prize," added Buffett, a Nebraska native.
While the Cornhuskers did not end up qualifying for the field of 68, Creighton is a No. 8 seed and will face Kansas State in the first round.
Buffett is also offering a $100,000 prize to the employee whose bracket stays intact the longest. Last year, a steel worker from West Virginia correctly predicted 31 of the first 32 games and picked up his six-figure reward.
Buffett, 87, previously offered $1 billion for anyone who predicted a perfect bracket, which nobody has achieved in the 21-year history of ESPN's bracket challenge. The odds of predicting a perfect bracket are anywhere from one in nine quintillion to about one in two billion.
Buffett's most recently offer is a relatively safe bet, too; The odds of accurately predicting the Sweet 16 are still less than one in a million.
https://www.usatoday.com/story/spor...rfection-earns-1-million-year-life/415748002/
Warren Buffett's bracket challenge is back.
The billionaire CEO of Berkshire Hathaway is once again offering an astronomical prize to any of his employees who can beat the NCAA tournament's astronomical odds. In an interview with CNBC last month, Buffett said any employee who accurately predicts all Sweet 16 teams will receive $1 million per year for the rest of his or her life.
"But if either Creighton or Nebraska ends up winning the tournament, we're going to double the prize," added Buffett, a Nebraska native.
While the Cornhuskers did not end up qualifying for the field of 68, Creighton is a No. 8 seed and will face Kansas State in the first round.
Buffett is also offering a $100,000 prize to the employee whose bracket stays intact the longest. Last year, a steel worker from West Virginia correctly predicted 31 of the first 32 games and picked up his six-figure reward.
Buffett, 87, previously offered $1 billion for anyone who predicted a perfect bracket, which nobody has achieved in the 21-year history of ESPN's bracket challenge. The odds of predicting a perfect bracket are anywhere from one in nine quintillion to about one in two billion.
Buffett's most recently offer is a relatively safe bet, too; The odds of accurately predicting the Sweet 16 are still less than one in a million.
I would bet there has been perfect brackets even if crazy odds just because EVERYONE plays a bracket. For God sakes, my mom has a bracket and she doesnt know the difference between a 13 seed and a 1 seed and won't watch a minute of coverage. Basically every company in the country runs an office pool and alot of them multiple office pools. So even if it is 1 and 10 billion, someone will nail it.
The mathematic equation to that would be 68 factorial if all teams are given a 50/50 chance of winning but that isn't the case being that 1 and 2 seeds are almost certainties to make it past round 1 and generally the bracket doesnt count the play in games.
But I am just an angry white racist, what do I know. LOL
As a 1 seed, I wouldnt like playing a 16 seed that is from the Ivy League. All of those guys are intelligent and patient and most can shoot. Only difference is they lack ideal heighth and athleticism but their dumbest guy is smarter than anyone from Kansas. Over time, smart, patient, sharp shooting white guys are very dangerous to a #1 seed.
I loved that Cornell team maybe in 2010-11. Made a run to the sweet 16. They could have played with anyone in the country yet not 1 on their roster even remotley played in the NBA.
This got me thinking. Below is a good short article with the normal stated number and some statistical comparisons to doing a perfect bracket.
https://www.colorado.edu/today/2017/03/10/odds-picking-perfect-ncaa-bracket-explained-mathematician
You're right. All the math (usually) shown is a 50/50 across the board. Where, like you stated, the "odds" of the 15 beating a 1 is not historically nor factually 50/50.
Im going to try and find a formula done or mathematical write up that includes at least some of the following:
- Standard (50/50) 9.2 quintillion to 1 odds
- Historical 1 vs 16, 2 vs 15, 3 vs 14, etc results. There is about 30 years worth of data for 64 teams.
- Some other form of nonbiased ranking, odds or record.
If I find something Ill post it here.
