What’s a perfect March Madness bracket worth? $1 billion

BY Margaret Myers  January 21, 2014 at 1:13 PM EST
Think you can pick the perfect bracket this year? Quicken Loans will take that bet, to the tune of $1 billion. Photo of the 2012 NCAA champions Kentucky by Chris Graythen/Getty Images

Think you can pick the perfect bracket this year? Quicken Loans will take that bet, to the tune of $1 billion. Photo of the 2012 NCAA champions Kentucky by Chris Graythen/Getty Images

The odds are astronomical, but think of the bragging rights you would earn if you filled out a perfect March Madness bracket. This year, it could also earn you a cool $1 billion.

That’s because Quicken Loans and Berkshire Hathaway have teamed up to offer a $1 billion prize to anyone who can correctly pick all the winners in this year’s NCAA men’s basketball tournament, where 68 teams will compete in single-elimination games.

“We’ve seen a lot of contests offering a million dollars for putting together a good bracket, which got us thinking, what is the perfect bracket worth? We decided a billion dollars seems right for such an impressive feat,” said Jay Farner, president and chief marketing officer of Quicken Loans, in an article in the Detroit Free Press.

Nobody is known to have ever picked a perfect March Madness bracket. One mathematicioan caluclated the odds at 1-in-100 million trillion. You have better odds at getting struck by lightening. Twice. In the same day.

Registration opens March 3. The rules are on Quicken Loans’ Facebook page.