Premium Bond Winner ?

cymruchris

MrFrugalFever said:

According to NS&I, the odds of winning (a prize, not a specific amount) is 24,500 to 1. So by rights, if you hold £24,500 in there you will always win a prize each month or am I getting this all wrong?

Yes - you’re getting it all wrong. Odds relate to the fact that for every 24500 bonds in circulation - one will win.

If you own 24500 bonds - yours might not be one of the ones that win. 

Person A - 24500 bonds - bond numbers  ABC00001 - ABC24500
Person B - 24500 bonds - bond numbers - DEF00001 - DEF24500
Person C - 24500 bonds - bond numbers - FER00001 - FER24500

1 in 24500 bonds means likely on the 93500 total bonds above there would be THREE prizes.

Random draw takes place - and the winners are:

ABC13450
FER19340
FER00345

Person 1 has won one prize 
Person 2 has won nothing 
Person 3 has won two prizes

The random prize number generator picks from the total bonds available - not from each individuals holdings. 

MrFrugalFever

It’s always too good to be true…..a fact of life!

eskbanker

MACKEM99 said:

jeffdavies said:

You can find out if you have won any of the 'lower' prizes by checking the below link.
Just enter your holders number.

https://www.nsandi.com/prize-checker

Good luck every body :-)

Tried that link and got:

Next results available 2 August

???

Yes, that's correct, the results (other than the high value prizes) are published tomorrow, although (as above) they might be visible slightly before midnight tonight.

eskbanker

MrFrugalFever said:

According to NS&I, the odds of winning (a prize, not a specific amount) is 24,500 to 1. So by rights, if you hold £24,500 in there you will always should on average (over the long term) win a prize each month or am I getting this all wrong?

Fixed that for you....

cymruchris

MrFrugalFever said:

It’s always too good to be true…..a fact of life!

It's why you see some people who grumble at winning £25 on a full £50k holding when others win 4 x £25 on a £10k holding (or something similar) - it's the luck of the draw (even if a number of theorists seem to believe that newer bonds have a better chance of winning than older bonds - or other such ideas...)

MrFrugalFever

I don’t consider myself a lucky person in any capacity so I enter these things with low expectations and live in hope 😊

Swipe

cymruchris said:

MrFrugalFever said:

It’s always too good to be true…..a fact of life!

It's why you see some people who grumble at winning £25 on a full £50k holding when others win 4 x £25 on a £10k holding (or something similar) - it's the luck of the draw (even if a number of theorists seem to believe that newer bonds have a better chance of winning than older bonds - or other such ideas...)

The only time I grumble is when I draw a blank on my max holding

cymruchris

Swipe said:

cymruchris said:

MrFrugalFever said:

It’s always too good to be true…..a fact of life!

It's why you see some people who grumble at winning £25 on a full £50k holding when others win 4 x £25 on a £10k holding (or something similar) - it's the luck of the draw (even if a number of theorists seem to believe that newer bonds have a better chance of winning than older bonds - or other such ideas...)

The only time I grumble is when I draw a blank on my max holding

Let's see if you're grumbling tomorrow 

strawb_shortcake

That was worth staying up for, my first prize of more than £25.
2 x £25 1 x £50 on max holding 

vickyholly

£100 for me on full holding
May £25 
June 6 x £25
July 2 x £25
Aug 4 x£25