Question about Premuim Bonds and Omaze

mebu60

Nardy said:

spider42 said:

The proportion of the prize fund going to the £1m prizes is already very low. This month, the total prize fund was £451m, and there were two £1m prizes.

There were 5.8 million prizes in total, so swapping two £1m prizes for twenty £100k prizes would make no noticeable difference to the chances of anybody winning something.

Good grief, what I am, about to tell you is from 40 years. I was at a seminar about analytical methods and marketing where a large oil company talked about petrol pricing. They said in surveys people said they prefer cheaper petrol than free wine glasses and in practice enough people went for the glasses than cheaper petrol that giving away glasses was worthwhile.

This was typed up while drinking wine from a 1980s Esso glass.

When unpacking following a house move about 30 years ago a petrol station wine glass fell and took out one glass from each of three sets of good quality crystal glasses without being damaged itself. Crystal glasses were also given out as prizes in 6-a-side cricket and 5-a-side football competitions for some bizarre reason, possibly for the appeasement of the non-player back at home! 

Finally offloaded a considerable number of sets (and partial sets!) of crystal glasses a few years back at my brother's village freecycle day.

Back on subject, ridiculously huge lottery jackpots really bug me but presumably that's what draws the punters in. I would like to see the Euromillions capped at c£20m, that's more than sufficient.