Premium Bond Winner ?

gary83

ranciduk said:

Sadly I don’t think you will win much with £1000

theres people on here with £50k that quite often win £0

Whilst the chances are they won’t win big with £1000 you only have to look through the high value prizes to see that not everyone that wins has 50k invested.  looking at this months the best example that jumped out at me was the lucky !!!!!! in Wiltshire who invested £300 in February 2010, still only holds a total of £300 but this month won £25 grand 

Lornrussell

£25 for me this month on just under 34k holding - got my bonds in January and this win makes it £300 in total, which I am quite pleased with! 

fly-catchers

5 x £25 on 50K

sonny55

mine is declaring that my winnings are in June ??
should this read as July ?

Frogletina

Nothing for two months in a row on full allocation!

taylornj

5 x £25 wins on £50k

eskbanker

Deleted_User said:

redpete said:

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eskbanker said:

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eskbanker said:

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Indout96 said:

getting a bit fed up now £15k holdings not had a win for 11 months now 

Sell and re-buy new bonds.

Hopefully a tongue in cheek suggestion rather than a serious one - deliberately missing out on a draw in order to do something completely futile obviously makes no sense....

As I was told when I suggested this before. I am being serious. The reality is, when I was not winning, I sold and purchased again, and then won. Even though in theory it should not make a difference, all I can say is, for me it did. And Missing out on one draw is worth it if you have lost for years and years.

The fact that the draws are random effectively means that half of those changing their bonds will have better luck than before and half will fare worse afterwards, i.e. the overall net effect will be neutral, but guess which half will be more likely to share their stories....!

If you'd bought the first batch on an even-numbered date and replaced them with a new set bought on an odd date, which were then less fortunate, would you conclude that bonds bought on an even date were luckier?

It depends if they win.

I would not suggest selling if you win on a regular basis, only if you have dire results over the year. Then you have nothing to lose unless you are extremely unlucky and happen to withdraw on the month you was going to win big. But I sell and buy PB on regular occasion depending on cash flow needs, so this could be the case every time you sell.

You do have something to lose, the chance of winning in the month you sell and re-buy.  Chances of winning next month are exactly the same whether you've won nothing for 5 years or won £1000 a month for the last 6 months, that's a fact, not a matter of opinion.

As I already stated, my experience suggests otherwise. That is my opinion. And you have repeated what I already said. Fact or no fact. I can only tell you what has occurred for me.

You're equating correlation with causation - based on what you've said, it's a fact that you replaced bonds and won more prizes after doing so, but from a logical perspective this doesn't imply that you won more prizes because of doing so, whatever you choose to believe.  Clearly nobody is going to persuade you otherwise but those who understand logic and probabilities owe it to other readers to highlight how irrational your viewpoint is, in case they're taken in by it....

[Deleted User]

sonny55 said:

mine is declaring that my winnings are in June ??
should this read as July ?

Hi,

are you using the app?

Did you win anything in Jun, if so was it the same amount?

Check again this morning.

chucknorris

Nothing this month on max holding, that is one year held now with a 1.50% gross equivalent return, in a few years when I move to the 60% tax band (when my pension will exceed my salary and I can no longer avoid tax on that income by investing it in my pension), that would be a 2.25% gross equivalent return. So overall I am happy enough.

Nebulous2

I looked overnight in my account and thought I hadn't won anything but the prize checker now shows £25. My run continues! 

May 2x £25 on £25k
June 1x £1000 and 1x £25 on £39k
July 1x £25 on £40k 

My wife has won 2 x £25 in the same time on the same holding.