Premium bonds - weird coincidence

[night rider]

Congrats Mr & Mrs. V. Thought i was doing well with 3 prizes totalling £175 this month, thats excellent.

 

[Jenkins]

I started with £500 in April 2020, and have put in £25 a month ever since. I’ve had just one win of £25, over two and a half years ago, so it’s been pretty crap for me.

There's always a chance that your investment may come good at some point - after all just look at one of the £5,000 winners this month who has only invested £2. Mind you that was 66 years ago

 

[bikingdad90]

There's always a chance that your investment may come good at some point - after all just look at one of the £5,000 winners this month who has only invested £2. Mind you that was 66 years ago

View attachment 688175

Most winners hold a double figure investment in total, a lot of them are at or close to £50k but it looks like they draw by bond value which is varied throughout to try and make it fairer….
I still think the bonds are biased towards those with greater amounts invested and could be done on the basis of a single investment therefore 1 entry in total not multiple and the quotes interest rate might then be more accurate for everyone.

That said I can see the flip side of the argument and I’ve got a modest amount invested as a way to spread monies between different FSA’s for the protection.

 

[Fastpedaller]

Most winners hold a double figure investment in total, a lot of them are at or close to £50k but it looks like they draw by bond value which is varied throughout to try and make it fairer….
I still think the bonds are biased towards those with greater amounts invested and could be done on the basis of a single investment therefore 1 entry in total not multiple and the quotes interest rate might then be more accurate for everyone.

That said I can see the flip side of the argument and I’ve got a modest amount invested as a way to spread monies between different FSA’s for the protection.

Each £1 Bond has an equal chance, so by saying

I still think the bonds are biased towards those with greater amounts invested

seems pretty obvious and meaningless to me. Maybe I haven't fully understood the point yu are making?

 

[colly]

Did well this month with 4 results 2 x £100 a £50 and a £25.


As @Fastpedaller said , all the numbers go in the draw and each number has exactly the same chance of winning. Naturally those with more invested with stand a better chance of one of their numbers coming up. It isn't unfair even though those who can afford a £50000 investment will have better results.
In the same way if you buy £50000 of lottery tickets you will have more chance of winning a prize.

 

[colly]

I started with £500 in April 2020, and have put in £25 a month ever since. I’ve had just one win of £25, over two and a half years ago, so it’s been pretty crap for me.

I had two premium bonds from when I was a nipper of about 10, bought by an aunty for me. Nothing until about 2000 when I got an unexpected £25 win. I reinvested it and bought abouter £100 worth ( must have been flush at the time) I've been putting in small amounts ever since, whenever I have a bit spare. It is a complete gamble but generally I have kept pace with inflation.
Compared to the national Lottery it's a no brainer really.

Buy a number and if it doesn't win you can have your money back. Or you can leave it in and try again, and we will keep putting it in until you do win. Or you can have your money back.

 

[Mike_P]

Weird thing is my winnings have fallen since I bought more of them

 

[Fastpedaller]

Weird thing is my winnings have fallen since I bought more if them

Maybe a lot of other people did the same and diluted the 'pot'

 

[Salty seadog]

£100 this month.

 

[Chislenko]

Very poor this month

£50 for me, nada for Mrs. C.

 

[potsy]

Nothing again

 

[ianrauk]

Nothing again

Me too

 

[biggs682]

Joint amount of £250 this month

 

[Paulus]

MrsP won £175 today, I got £25.
My total for this year so far is £550.

 

[Mike_P]

Another month of a few missing 0's - £50