Winning the $1 billion Buffett Bracket is easier than you think

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Warren Buffett's crazy $1 billion offer still stands and there is under 24 hours left to submit your predictions.

The eccentric billionaire recently revealed plans to offer the huge cash sum to anyone who was able to correctly predict the entire 2014 NCAA tournament bracket.

Of course predicting the outcome of every single game during March Madness is just that - madness. But it might be slightly easier than everyone may have you think.

Numerous media outlets who have referenced the story in the run up to the NCAA post-season play have taken much glee in reporting that the odds of taking Buffett's money are some 9.2 quintillion.

That is a 9 with an extra 18 zeros on the end - a truly astronomical number indeed!

Now when it is put like that even the most intense, focussed, and downright fanatical college basketball fan would have to admit they don't stand a chance in the next few weeks.

But fear not, for DePaul University mathematician Jefrey Bergen, after in depth analysis and calculations, has settled upon a far more manageable number...

One in 128 billion.

Now doesn't that sound a lot easier everyone?

As reported by Deadspin, the original figure is related to picking the perfect bracket based on a flip of the coin - a simple 50/50 procedure.

But, as all sports fans know to their cost, match ups do not work like that and there are numerous other factors in play come tip-off.

And so the new, lower (but still ridiculously high) figure is based more closely on form, location, and simple fan-bias.

So what does all this mean? Could someone actually walk away $1 billion richer in April?

Of course not, but never has 128 billion looked so small.

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