Warren Buffett’s ‘Billion Dollar Bracket’ Challenge Comes to an End

As the NCAA men’s basketball tournament welcomes their Sweet 16 this week, Warren Buffett says goodbye to his Perfect 16, participants in his $1 billion bracket challenge. The remaining 16 “perfect” brackets ended on Saturday as did several game upsets.

It was a favorite that provided the first blemish on the final three people’s brackets in the Quicken Loans contest on the Yahoo Sports website. All three had ninth-seeded George Washington beating Memphis. However, with a win over GWU, the Tigers took away those dreams from players advancing to the Sweet 16 and the remaining 3 perfect brackets advancing to their $1 billion bracket.

It only took 25 games for everyone to be eliminated. Then again most of brackets were knocked out on the tournament’s first full day. The number of unblemished brackets kept dwindling after third-seed Duke, sixth-seed UMass and seventh-seed New Mexico lost Friday.

Only 16 people remained perfect after 10th-seeded Stanford topped New Mexico. Then Tennessee routed UMass, leaving only six people with a chance of beating the 9.2 quintillion-to-1 odds.

Billion Dollar Bracket for NCAA

Gonzaga’s victory over Oklahoma State cut that down to the final three.

Even though no one won the $1 billion, the top 20 scores will still each get $100,000.

Quicken Loans, which is sponsoring and insuring the Buffet contest, said on its Twitter feed that it wouldn’t reveal the number of entrants to the challenge. The pool was supposed to be capped at 15 million entries. It probably wouldn’t have mattered if they had let more people join.

At CBSSports.com, only 0.03 percent of entrants were still perfect after Mercer upset Duke. They didn’t last much longer as Tennessee’s rout of UMass wiped out all the remaining unblemished entries. It took 21 games to end everyone’s hope of perfection this year. Last season it took 23 games and 24 in 2012.

A year ago, not a single person of the 11 million who entered on ESPN’s website was perfect after a first day filled with upsets. Just four got 15 out of 16 right.

This year people lasted a little longer. After the first 25 games, three perfect brackets remained out of the 11 million entered.

Now, we want to hear from you! How close were you to winning the ‘Billion Dollar Bracket”? Would like to share your opinion or make a comment on the Unlock Your Wealth Radio Show? If so, then please leave your comment or questions in the space provided below and share this article with your friends and family on Facebook and Twitter. Your comments or question could be chosen as our featured Money Question Monday and a phone call by financial expert Heather Wagenhals could dial your way to be live on the Unlock Your Wealth Radio Show.

Original article courtesy of www.nydailynews.com.

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