Warren Buffett Ups The March Madness Ante

Tycoon Warren Buffett is making March Madness much more interesting this year by offering $1 billion dollars to anyone who fills in a perfect bracket. INSIDE EDITION reports.

Talk about March Madness! How would you like to win $1 billion from—of all people—Warren Buffett? That's right, $1 billion from the legendary businessman and America’s second wealthiest tycoon.

Buffett said on Good Morning America, "If somebody wins the billion dollars I will throw in some free advice. I actually may ask to be included in their will."

Buffett is teaming up with Quicken Loans, which just announced The Billion Dollar Bracket Challenge on their Facebook page. The winner must submit a perfect bracket that correctly picks the winners of all 63 March Madness NCAA tournament games.

Every year, millions of us fill out brackets, including President Obama. But no one has ever filled out a perfect NCAA bracket. The odds of doing it are mind-boggling. In fact, the odds are 9.2 quintillion to one. You have better odds of hitting the Powerball lottery three straight times or being bitten by a shark three times in your lifetime.

INSIDE EDITION’s Les Trent spoke via Skype to Indiana University statistics professor Wayne Winston.

Winston said, "The closest anyone ever came was a 17-year-old autistic teenager, Alex Ferman of Chicago. In 2010, he picked the first 48 games correctly. Then, he lost."

And how's this for an offer that's right out of the Deal or No Deal game show.  

Buffett said, "If you get to the Final Four with a perfect bracket, I may buy you out of your position. I'll make you an offer you can't refuse."

Winston said, "It is very a small chance, so, I think Warren Buffet can sleep at night."