We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Premium Bonds - Beating the odds?
Gorgeous_George
Posts: 7,964 Forumite
I've had 500 premium bonds for 4 years.
Martin's caclulator suggests the following likely outcomes:
Win £0................36.8%
Win £50 or more....63.2%
Almost twice as likely to win £50 or more than winning nothing but I beat the odds and won nothing. In the meantime I have, of course, missed out on the interest that I could have earned (circa £100).
Anybody else 'beating the odds'?
GG
Martin's caclulator suggests the following likely outcomes:
Win £0................36.8%
Win £50 or more....63.2%
Almost twice as likely to win £50 or more than winning nothing but I beat the odds and won nothing. In the meantime I have, of course, missed out on the interest that I could have earned (circa £100).
Anybody else 'beating the odds'?
GG
There are 10 types of people in this world. Those who understand binary and those that don't.
0
Comments
-
I think the odds are beating you in this case. Beating the odds would occur if you won £50,000.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0
-
Premium Bonds are funny things. I win on average 3x £50 per year (which funnily enough works out as the exact amount of interest i'd be getting in my 6% ISA!) but my sister who held the same amount of bonds won 1x £50 in the past...well I can't even remember how long it's been. More than 4 years I'd say.
So I beat the odds against me. Since the decrease in prizes though, I expect to win a lot less frequently. :rolleyes:0 -
most people will do worse than the average, a few will do better, even fewer will do alot better0
-
Well... 36 people in 100 (with £500) are losing in the same way as you
Main discussion thread here: http://forums.moneysavingexpert.com/showthread.html?t=5103050
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.4K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.4K Spending & Discounts
- 245.4K Work, Benefits & Business
- 601.2K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards