Data-mining disguised as NCAA bracket challengeon March 18, 2014 @ 6:09 am (Updated: 7:27 am - 3/18/14 )
Brackets are being used today for a lot of reasons that don't have anything to do with basketball.
Like the billion dollar bracket - it seems like that is all anyone has been talking about.
Billionaire Warren Buffet's challenge comes with a billion dollar payout. If you get every game correct, you can pocket a billion dollars, and best of all, you can fill out the bracket for free.
What Buffet doesn't tell you is that there is almost no chance you'll ever see the money. The odds of getting a perfect bracket are one in nine quintillion. Slate.com did the math. If everyone in America filled out a bracket at random, you could run this contest for 290 million years, and there would still be a 99 percent chance that no one would win.
But you know who really wins in this contest? Sponsor Quicken Loans. To enter this bracket, you need to fill out a questionnaire with a bunch of information about where you live and whether you're looking for a home loan.
It's a data-mining scam. You're doing Quicken Loans' work for them, and you basically have no chance of winning a dime.
Not to be outdone by Warren Buffet, the president is using the NCAA Tournament to pitch health care too.
Using two of college basketball's most recognizable coaches, Roy Williams of North Carolina and Geno Auriemma of UConn, the president has unveiled his Sweetest 16 reasons to sign up for healthcare.
It's another last-ditch effort to sign up young people for health care. It's a bracket where you can vote for your favorite viral internet gifs under the guise of the Affordable Care Act.
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