HOUSTON Warren Buffet and Quicken Loans have made a March Madness bet $1 billion will go to anyone who can come up with a perfect NCAA bracket.
At a local Champs Sports Bar, fans are talking about the $1 billion bet.
I m probably gonna give it a shot. I think everybody I ve talked to is probably gonna give it a shot, Ken Beaver III, a fan, said.
However, the odds of randomly picking every winner of each March Madness match-up is about 1 in 9 quintillion that s a 19-digit number.
This is the most wide-open tournament in several years, Professor Wayne Winston, with the University of Houston s Bauer College of Business, said.
Winston is one of the fathers of basketball analytics. His number-crunching methods helped his former student, NBA owner Mark Cuban, lead his Dallas Mavericks to an NBA championship in 2011.
I think Iowa/Tennessee-winner plays UMass in the first round. I think the Iowa/Tennessee-winner will win, he said. Pittsburg, Colorado I would tell your viewers I would pick Pittsburg over Colorado as a strong upset.
As for local favorites Texas Southern and Stephen F. Austin, the UH professor s numbers predict defeat in the first round. And who will win it all?
Arizona is my pick, he said.
So get going on your brackets and try for that $1 billion.
I actually just entered in today to see if I could earn, hey, random, luck of the draw, Winston said.
The chances of picking a perfect bracket are the same as flipping a coin and getting heads 37 times in a row.
What does Professor Winston's bracket look like? Click here to see!