Re: [gatortalk] FW: [gatornews] A contest for you pick /em geniuses

it does seem like bait and switch

-Zeb

On Jan 21, 2014, at 3:58 PM, Oliver Barry wrote:

What a rip!!  I want the full $1billion in one installment or I'm not playing.

 

Oliver Barry, CRS, GRI

Bob Parks Realty, LLC

REO Department

145 Maple Row Blvd

Hendersonville TN 37075

Phone: 615-826-4040

Mobile: 615-972-4239

barryo@realtracs.com

 

From: gatornews@googlegroups.com [mailto:gatornews@googlegroups.com] On Behalf Of Helen Huntley
Sent: Tuesday, January 21, 2014 1:35 PM
To: gatornews@googlegroups.com
Subject: [gatornews] A contest for you pick /em geniuses

 

Win $1 Billion Backed By Buffett By Guessing NCAA Basketball Winners

JANUARY 21, 2014 • BLOOMBERG NEWS

Warren Buffett's Berkshire Hathaway Inc. is backing a $1 billion prize offered by Quicken Loans Inc. if a contestant predicts the winner of each game in the National Collegiate Athletic Association's men's basketball tournament.

The prize will be paid in 40 annual installments of $25 million and split among multiple winners if there is more than one perfect entrant, the Detroit-based lender said today in a statement distributed by PR Newswire. The winner also has the option of a single payment of $500 million.

Berkshire has specialized in unusual insurance risks for decades, protecting clients against big losses in return for premium payments. The Omaha, Nebraska-based company won a bet in 2010 on the World Cup after France was eliminated from the tournament in South Africa. Berkshire has previously guaranteed against the potential payout of $1 billion in a contest sponsored by PepsiCo Inc.

"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?" Quicken Loans Chief Marketing Officer Jay Farner said in the statement. "We decided a billion dollars seems right for such an impressive feat."

The 68-team team tournament begins in March. Submissions will be limited to one per household and capped at 10 million entrants, according to the statement.
 

--

Helen Huntley

(727) 823-3801

www.helenhuntley.com

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GATORS: ONE VOICE ON SATURDAY - NO VOICE ON SUNDAY!
1996 National Football Champions | 2006 National Basketball Champions
2006 National Football Champions | 2007 National Basketball Champions
2008 National Football Champions | 
Three Heisman Trophy winners: Steve Spurrier (1966), Danny Wuerffel (1996),
Tim Tebow (2007) - Visit our website at www.gatornet.us
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