SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : 2014 NCAA College Basketball March Madness -- Ignore unavailable to you. Want to Upgrade?


To: Bob who wrote (78)3/21/2014 12:05:53 PM
From: Jeffrey S. Mitchell  Read Replies (1) | Respond to of 289
 
I think the odds are better at winning Powerball and MegaMillions on the same day as scoring a perfect bracket. On a strict 50/50 basis, the odds are a staggering 1 in 9.2 quintillion. But if you factor in that some teams have a mathematically better chance at beating others, the odds are supposedly 1 in 128B, per: usatoday.com.

It's not really that hard to calculate the true odds, IMO, based on historical data. 1s have an historical x% chance of being 16s, 2s have an x% change to beat 15s, and so on for each round. Perhaps that's what the guy did to reach 1 in 128B. There's a guy here in town who sells billions in catastrophe bonds, all based on the odds a major disaster will strike someplace and what damage it would cause. The math behind it is actually way simpler than what you might expect (more akin to hole-in-one insurance). Give me detailed data on the tournament for its duration and I'll give you the most logical odds to get a perfect bracket.

- Jeff