Premium Bond Winner ?

coyrls

Mr_Prudent wrote: »

Think we are going to have to agree to disagree on this one. Good luck anyway (you’re going to need a lot of it!).

Thanks and good luck to you. Out of interest what is the diameter of the zone that is going to reduce my chances of winning? Should I sell my Premium Bonds if somebody 1 mile away wins, half a mile, or is it just next door that I need to worry about?

Mr_Prudent

coyrls wrote: »

Thanks and good luck to you. Out of interest what is the diameter of the zone that is going to reduce my chances of winning? Should I sell my Premium Bonds if somebody 1 mile away wins, half a mile, or is it just next door that I need to worry about?

All of the above! check out the actual spread of big prize winners.

coyrls

Mr_Prudent wrote: »

All of the above! check out the actual spread of big prize winners.

So it's a bit like a contour map of chance then? As I move around the country my chances change depending on how close I am to a previous winner.

Onawingandaprayer

Blimey. £75 mrs O-prayer, and £25 me. both on £30k holdings. Best month yet. Have NSI got a conscience?

Onawingandaprayer

coyrls wrote: »

Should I sell my Premium Bonds if somebody 1 mile away wins, half a mile, or is it just next door that I need to worry about?

No! You have to move house! (In time for the following month's draw. Simples.)

In_For_A_Penny_2

Mr_Prudent wrote: »

I think you are confusing chance and probability. For instance say your next door neighbour won the 1 million jackpot. In theory you still have the same chance as you always had, but in practice how many people have won the jackpot in the same street of the same town and live next door to each other. Very improbable.

The probability of you winning in the following month is unchanged regardless of who/what/where previous winners were.

There is a low probability to start with but that is independent of the above variables.

Mr_Prudent

coyrls wrote: »

So it's a bit like a contour map of chance then? As I move around the country my chances change depending on how close I am to a previous winner.[/QU
Now you're just being silly aren't you. If you need any further convincing check out this article written by our very own Martin Lewis back in 2010.

http://www.telegraph.co.uk/finance/personalfinance/savings/7607815/The-seven-deadly-sins-of-NSandI-Premium-Bonds.html
This is my final post on the subject. If you want to argue further, you’ll have to pay for another 5 minutes. (Sorry Monty Python).

coyrls

Mr_Prudent wrote: »

Now you're just being silly aren't you. If you need any further convincing check out this article written by our very own Martin Lewis back in 2010.

http://www.telegraph.co.uk/finance/personalfinance/savings/7607815/The-seven-deadly-sins-of-NSandI-Premium-Bonds.html
This is my final post on the subject. If you want to argue further, you’ll have to pay for another 5 minutes. (Sorry Monty Python).

Yes, I'm being silly but I'm just pointing out the logical consequences of your magical thinking. I know that my chances of winning are totally unaffected by the locality of previous winners. In fact if I win 1 million this month, my chances of winning 1 million next month will be exactly the same as they would have been had I not won. In all cases the chances are very very small but they are always the same.

The article you've linked to has no support for your belief that the locality of previous winners reduces the chances of winning for people who live near them.

Jake_1013

£40k 'invested' and no wins. Hardly won anything this year. Can anyone tell me the best place to invest £40k? I have £46k in savings in total, £6k in my current account... I know I'm not exactly being money savvy!

coyrls

Jake_1013 wrote: »

£40k 'invested' and no wins. Hardly won anything this year. Can anyone tell me the best place to invest £40k? I have £46k in savings in total, £6k in my current account... I know I'm not exactly being money savvy!

Like many people on this site, I would recommend starting with reading through the articles on Monevator: http://monevator.com/. There is even one on Premium Bonds: http://monevator.com/are-premium-bonds-a-good-investment/