Lawyer Trailmix—Staff Writer
Jody Vander Rich, a Dordt Student, created a perfect March Madness bracket this year. In return, Vander Rich will receive a million dollars a year for the rest of her life.
The challenge was created by Warren Buffet, billionaire CEO of Berkshire Hathaway. He promised to give a million dollars a year for life to anyone who predicted a perfect March Madness bracket.
Buffet wanted in on the March Madness action and so created this challenge years ago. No one won until now.
The odds of winning a perfect bracket, some argue, is around 1 in 9.2 quintillion. To put this in perspective, the odds of winning the Powerball are around 1 in 300 million.
“It doesn’t matter who you ask, those aren’t very good odds,” Buffet said. “That is why I created this challenge: to put those odds into perspective… But I guess that blew up when someone won my challenge.”
He heard about Jody winning the challenge a few days ago and will be hosting a celebration ceremony in Dordt’s B.J. Haan Auditorium next Wednesday, where he will present Jody with her first check of $1,000,000. Buffet said he was happy to hear about Jody winning his challenge but will not host another challenge like that in the future, even though he knows the odds of it happening again are astronomical.
There were many upsets in this year’s tournament that had fans outraged. Some say it was the year for some of the biggest upsets in NCAA March Madness history.
The University of Maryland, Baltimore County (UMBC) beat Virginia, who was the number one ranked team in the country, in the first round of the tournament. This is the first time a No. 16 seed won against a No. 1 seed in the history of the NCAA tournament, which began in 1939.
“I always like to try and predict upsets in my March Madness bracket,” Vander Rich said. “A lot of my friends didn’t do that and quickly saw their brackets go down the toilet.”
Jody said she felt bad for her friends and will split what she has won among them.
“I will soon have more money than I know what to do with,” Vander Rich said. “I will use it to help pay for college, but the rest of it I plan to give away to those that need it more than I do.”