- Round of 32: Cheeseburger
- Sweet Sixteen: Fast Food Combo Meal
- Elite Eight: Ruby Tuesday or similar venue for a dollar value less than 800 American pennies
- Final Four: Ryan's buffet or similar
- Finals: Chess set (whomever is buying the set gets to keep the set, the penalty is they have to buy the set)
- Champion: Cold hard cash - $20
Oh, for those who are curious, here's my alma mater and here's Dan's. The bet is interesting in that if both our teams go out in the same round, neither party is a loser. On the other hand, most of the "experts are predicting that UC loses early on, while some have GaTech making it to the final four, at which point I'd be out significantly. I'm hoping that this is the year that UC regains it's former tournament glory, maybe like the 91-92 team. Not likely, but I can hope :D