Premium Bonds - Not a bean for months now!!!!

[Pork]

Revisitph said:

Yesterday's paper: The April million pound winner had £1000 in PB and is from County Durham.

An exception to the usual scenario of large holders in the SE being the winners because they hold more bonds. Odds of winning the million are 40bn to one, so, if the number of zeros I put into the calculator is right, 1.3m to one for a 30,000 bond holder, i.e. once every 11,000 years, and when 2 x 1m prizes are reinstated and the limit rises to 50k, assuming no more bonds are bought overall, a max holder should win once every 3333 years.

I don't think you can do odds like that, it's simply odd so 30,000 to 40,000,000,000.

In short, terrible.

[Revisitph]

Pork said:

I don't think you can do odds like that, it's simply odd so 30,000 to 40,000,000,000.

In short, terrible.

Isn't that 30,000 : 40,000,000,000 = 1.3333m : 1 each month, and with 12 draws a year each with an equal chance of winning = 1.3333m / 12 = 1:11,111 each year, so you should win once every 11k years? Admittedly it might be next month or it might be in AD 13125 (by which time £1m might be enough to buy a roll of lavatory paper).

[Targarama]

Its all down to the odds. I had max savings of £30k last year, I cashed out to buy a new house after gaining 4-5 £25 wins over the course of 8 months. I now have £201 of bonds, but I just won £25 in the last draw. Nice surprise.

Am I the only one who gets annoyed at the win not being a big one?

[Squiggs]

Missis 10k - nothing.
Me 10k - £25

[Ozzie Osmond]

Squiggs said:

Missis 10k - nothing.
Me 10k - £25

Well, it could be worse. Barclays offer a "savings" account with an interest rate of 0.1%.

Yes, you read that right, zero point one percent. You "invest" your joint £20,000 for a year and they give you ...... £20 ..... which, unlike your premium bond winnings, is taxed. Nice people to do business with.

[gwm]

Sold half of mine but still won £25.

I looked at my prize history and won £125 (5 x £25) over a year.

When interest rates are so low, better to have the safest flutter possible instead.

[Rick101]

Boom £100

That'll do me.

[YoungTom]

25 quid

[condor]

Another nil month for me - and will expect that to be the case for the forseeable future.
As of this month's draw, I've now removed all but £11 of bonds (which I was given when I was born).

[okgo]

£0 on £15k

[stevensdrs]

£100 (4x£25) this month. Happy with that.

[4sure]

Nothing to report here

[mark387mw]

£25 on £10k - just to keep me interested

No 'big one' again for anyone unless the letter is in the post, or a personal visit is being arranged!!

[DSLiverpool]

Me £75
Fil £50
Missus nowt (again) I wonder if she cashed out without telling me ?

[S5PJV]

Third month in:
£30k = £50
£30k = £50

Total over 3 months:

£30k = £100
£30k = £125

[Justin Cyder]

Nowt again on £30k.

[Pork]

Justin Cyder said:

Nowt again on £30k.

I feel your pain. Firing blanks over here!

[WTD]

Cheeky 25 on 20k.

[deanobeano]

2 x £25 on 30K - best win for a while.

Infact, the last 12 months has given me more than a savings account.

[Squiggs]

Missis £10k = £25
Me £10k = 2 x £25

That's a total of £100 in two months