Premium Bonds

Ifts

JohnRo wrote: »

So just to fan the flames, is there any real evidence to support the claim that newer premium bond numbers win the bulk of the prizes on offer each month?

This from the NS&I site:

Common myths

Myth 3: Only new Bonds win prizes
Each £1 Bond has an equal chance of winning, regardless of when or where it was bought. Bonds bought more recently may seem to win more often because there are more new Bonds than old – more Bonds have been sold in the last six years than in the previous 48 put together.

Myth 4: Old Bonds are left out of the draw
Winning numbers are generated randomly and then matched against eligible Bond numbers afterwards – numbers aren’t entered into or stored in ERNIE so there’s no way that any Bonds can be left out of the draw.

http://www.nsandi.com/savings-premium-bonds-history-ernie-and-premium-bonds

bex0309

I bought £100 of PB to soften the blow of stopping playing the lottery and the first month I was in I won £25! So I'm happy with prizes so far

w211

bex0309 wrote: »

I bought £100 of PB to soften the blow of stopping playing the lottery and the first month I was in I won £25! So I'm happy with prizes so far

And even happier that you've still got the £100 which would have been gone if you used it to play the lottery! :cool2:

seven-day-weekend

talexuser wrote: »

You're right, the government keeps all the money, we never went to the moon, and Elvis lives a quiet life in Hemel Hempstead.

....with Princess Diana.:rotfl:

I think there are several reasons there is less publicity for PB winners,some have already been mentioned, another one is that the maximum prize is not anywhere near as large as the lottery wins.

Masomnia

If I won a million I wouldn't tell anyone.

Ologhai

Masomnia wrote: »

If I won a million I wouldn't tell anyone.

So... is this you not telling us you've won a million?

talexuser

bex0309 wrote: »

I bought £100 of PB to soften the blow of stopping playing the lottery and the first month I was in I won £25! So I'm happy with prizes so far

Well done! tell us how happy you are in 10 years with the prizes averaged out

I've had 5000 in and won £1075 in total........over 13 years. :eek:

I've had much better performance from my PEP/ISA funds but no miniscule chance of that 100K or million with them!

Jonbvn

I'm sure many posters from the SE have houses worth significantly more than £1 million. Do you see them seeking publicity?;)