Premium Bond Higher Prize Winner?

Middle_of_the_Road

It was asked recently if we could get an indication of those on the forum who've won one of the higher Premium Bond prizes.

That being -

Single prizes of £1,000 or higher. 

This poll won't provide any useful information relating to probability of winning bigger prizes. 

There is plenty of information on the other thread which relates to wins based on holdings, which I hope everyone understands is not relevant here.

eskbanker

Middle_of_the_Road said:

It was asked recently if we could get an indication of those on the forum who've won one of the higher Premium Bond prizes.

That being -

Single prizes of £1,000 or higher.

Anyone can use whatever definition they like on here, but for the record NS&I categorise the prizes into three bands, with high value (top 10% of prize fund) being defined as £5K or above:

https://www.nsandi.com/get-to-know-us/monthly-prize-allocation

TadleyBaggie

Never won £1k or more

I've had £500 win on a couple of occasions, never higher.

LeafGreen

what is the purpose of this poll?

london21

Never won £1k or more

Highest I have won is £200 in March when i started. I have £50k holding. 

eskbanker

LeafGreen said:

what is the purpose of this poll?

See https://forums.moneysavingexpert.com/discussion/comment/81480064/#Comment_81480064

Middle_of_the_Road

LeafGreen said:

what is the purpose of this poll?

It was asked recently if we could get an indication of those on the forum who've won one of the "higher" Premium Bond prizes.
Beyond that....?, certainly not a statistical analysis.

Middle_of_the_Road

eskbanker said:

Middle_of_the_Road said:

It was asked recently if we could get an indication of those on the forum who've won one of the higher Premium Bond prizes.

That being -

Single prizes of £1,000 or higher.

Anyone can use whatever definition they like on here, but for the record NS&I categorise the prizes into three bands, with high value (top 10% of prize fund) being defined as £5K or above:

https://www.nsandi.com/get-to-know-us/monthly-prize-allocation

Thanks for the clarification. Although a £1k prize is higher than the lower band 🙂

Exodi

I suspect given the infinitesimally small odds of winning a large prize, the relatively insignificant number of people who might respond on this poll won't allow any meaningful conclusion to be drawn.

To be honest, what I fear is that a perceived lack of high value winners will be represented as some form of evidence in a conspiracy theory that the prizes are rigged or something.

FWIW, I don't know of any big lottery winners either.

booneruk

I've won a higher prize

Exodi said:

I suspect given the infinitesimally small odds of winning a large prize, the relatively insignificant number of people who might respond on this poll won't allow any meaningful conclusion to be drawn.

My thoughts too. There's also no consideration of holding: Ron Obvious with a 25quid holding winning £1000 is somewhat more lucky than Mr Ordinary with a FH winning £1000.

Exodi said:

To be honest, what I fear is that a perceived lack of high value winners will be represented as some form of evidence in a conspiracy theory that the prizes are rigged or something.

Ooh dontchya just love a good conspiracy theory though?

EDIT: I won my £1150 with a full holding. Also not a conspiracy theorist.

eskbanker

Middle_of_the_Road said:

eskbanker said:

Middle_of_the_Road said:

It was asked recently if we could get an indication of those on the forum who've won one of the higher Premium Bond prizes.

That being -

Single prizes of £1,000 or higher.

Anyone can use whatever definition they like on here, but for the record NS&I categorise the prizes into three bands, with high value (top 10% of prize fund) being defined as £5K or above:

https://www.nsandi.com/get-to-know-us/monthly-prize-allocation

Thanks for the clarification. Although a £1k prize is higher than the lower band 🙂

Indeed, but the inclusion of the £1K prizes distorts the poll significantly, as there are over five times as many £1K prizes than the larger ones combined - in the latest draw there were 16,649 £1K prizes versus a total of 2,934 prizes in the higher value band.

Roughly 1% of holders should win a prize of at least £1K in any given year, on average.