BUFFETT BACKS $1 BN COLLEGE TOURNAMENT CONTEST

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LOS ANGELES: Business tycoon Warren Buffett has teamed up with Quicken Loans to offer US punters a $1 billion prize for picking the winner of every game in this year’s men’s college basketball tournament. The odds of filling out a perfect bracket for the 64-team National Collegiate Athletic Association (NCAA) event known as “March Madness”? One expert put it at more than nine quintillion to one. Quicken said the money would be paid out to anyone who correctly picks the winners of each game in the annual single-elimination tournament to determine the top team in American college basketball.

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AFP

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