>Brackets will be made available on Selection Sunday, March 16, 2014, and will initially be limited to 10 million entrants, but only one per household.
Expected loss by Buffet, assuming all 10 million brackets are different:
5x10^8 x 10,000,000/4,294,967,296 = 5x10^8 x 0.0023 = $1,164,153.22
Comments
>Brackets will be made available on Selection Sunday, March 16, 2014, and will initially be limited to 10 million entrants, but only one per household.
Expected loss by Buffet, assuming all 10 million brackets are different:
5x10^8 x 10,000,000/4,294,967,296 = 5x10^8 x 0.0023 = $1,164,153.22
He can make this up by offering a lunch [1]
[1] http://gawker.com/5917080/the-cost-of-private-lunch-with-war...
edit: whoops looks like Confluence updated his post with this number too. :)