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I don’t know much about basketball, but I betcha I’m gonna learn today.

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Billionaire Tycoon Warren Buffett is giving you a chance to join the billionaire club. Buffett has partnered with Cleveland Cavaliers woner Dan Gilbert and Quicken Loans chairman to offer $1 billion dollars to the person who submits a perfect bracket for the 2014 NCAA Men’s College Basketball tournament.

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You can cool believe I will be filling out a bracket or 2 or 3 this year. The winner can choose between a one time payment of $500 million or 40 annual payments of $25 million. If you don’t get the perfect bracket no worries,the top 20 brackets are worth $100K.

Registration starts March 1 and contest is free to enter and is open to the first 1 million people who pre-register.

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Get all the details.

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