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Warren Buffet Is Giving Away Money For A Perfect Bracket Again, But There's A Catch

Center court of an NCAA Tournament basketball court.

PITTSBURGH, PA - MARCH 15: A general view of the court with March Madness signage is seen prior to the start of the game between the Oklahoma Sooners and the Rhode Island Rams in the first round of the 2018 NCAA Men's Basketball Tournament at PPG PAINTS Arena on March 15, 2018 in Pittsburgh, Pennsylvania. (Photo by Rob Carr/Getty Images)

Billionaire investor Warren Buffet may not be the most plugged-in person when it comes to sports, but much like everyone else in America, he can really get into March Madness. To that end, Buffet is reportedly offering a king's ransom for a perfect bracket this year. Unfortunately, there's one significant caveat to it.

According to Forbes, Buffet has pledged to pay out $1 million per year for life to whoever gets a perfect bracket. The catch is that the perfect bracket must belong to an employee of Berkshire Hathaway or one of its dozens of subsidiary companies.

As a result, the pool of potential winners shrinks from the entire world to only a few hundred thousand employees. Last year, only one employee was reportedly able to even get 31 of the 32 winners of the First Round correctly.

However, failing to get a perfect bracket doesn't mean he's being too stingy.

Buffet has also previously pledged $100,000 to be shared among the top brackets.

Back in 2014, Buffet made the biggest March Madness bracket contest ever when he pledged $1 BILLION to whoever got a perfect bracket that year.

Unsurprisingly, nobody claimed the money that year.

It remains an incredibly difficult task to get a perfect bracket, particularly given how hard it is to pick 32 games correctly in any sport - even one someone studies for a living.

Could this be the year?