Premium Bond Winner ?

Barnetbear

trademark wrote: »

x1 £50 this month ...........

holding 30k ............

Better than nothing, better luck next month hopefully.

I've sold most of mine now. But I know people do win, just not me.

katiekittykat

No nothing for me again

xx

lordgaino

if it wasnt for the fact that my premium bond holding is a quick and nasty hedge against a wholesale banking collapse, i would be cashing in. these premium bonds are a complete waste pf to,e

Lo_zingaro

My winnings for 2007 (up to and including December) work out at 4.50% - 5.625% when grossed up for standard rate tax. The total includes no individual prize of over £100.

On balance I feel that this is quite a good return when it is added to the (admittedly not very likely) chance of winning up to 1 million pounds.

I suppose it is really like the National Lottery - you have more chance of being struck by lightning, but someone wins every month.

M3_Sussex

My winnings for 2007 work out at 37.66% net. It's the fifth year I've held bonds but by far the best boosted by £10.25K in June. It's rare for me to go a month without winning something so feel I have a 'good' batch! £150 this month!!

isofa

Well done M3_Sussex - you're really enjoying some "luck"! My last 12 months have returned 5.67% (equiv to: 7.09% basic rate, 9.45% high rate for people who "hate" the bonds!), so I'm pretty happy with them this year too.

Despite having to convince someone I work with today that they aren't getting a better deal by cashing in every year and re-buying, but they claim to win more in the first few months of holding than any other time! :rolleyes:

Barnetbear

My return was 2%.

Funnily enough, quite a few in my PO queue today asking for premium bond repayment forms. Oh dear.

Gorgeous_George

My return was 0%. Not much, I know but it's twice what I won last year and 10 x what I won the year before that.

I just get luckier and luckier.

It's not the best £500 that I have invested.

GG

nrsql

Barnetbear wrote: »

See, this is what I mean. If you have £4000 in PBs you should be winning once a year at least approx. I think the mathematicians will agree.

er - no. Don't think any mathemetician would think that.

It's a problem with misunderstanding probability.

There was a story about someone with 30k holding not winning for a year and how unlikely that was - would you think that odd?
Actually given the number of people with max holding it's probably unlikely that at least one wouldn't win in a year occasionally - it's also fairly likely that the story would be in the press at some point.
Pick a person with max holding and it's unlikely they would win nothing - consider all people with max holding and it's likely that some would win nothing.
Similarly pick one person with £4000 holding it's very unlikely they would win once in every year - consider them all and it's very likely that some would (and more and less).

Doesn't mean that mistakes don't happen - there was a case of numbers being missed from the draw. It's very damaginjg for the product though so they are very careful.

MILLWALLFC

Full holding and in last six months have won £1050. I'm not sure what percentage that is.