Premium Bond Winner ?

justwantedtosay

Good luck everyone!

vickyholly

Did i dream it , or did i read a few months ago that your odds of winning are higher at 30k than 50 k?

RG2015

vickyholly said:

Did i dream it , or did i read a few months ago that your odds of winning are higher at 30k than 50 k?

Every bond has the same chance of winning so the more bonds you hold the greater the chance of winning.

cymruchris

vickyholly said:

Did i dream it , or did i read a few months ago that your odds of winning are higher at 30k than 50 k?

You dreamt it yes... The more you hold - the greater the chance.

TadleyBaggie

Strangely, over the last few months I've won considerably more (holding 30K) than my wife who had 50K. Must just be a quirk.

eskbanker

vickyholly said:

Did i dream it , or did i read a few months ago that your odds of winning are higher at 30k than 50 k?

You may not have dreamt it - the MSE premium bonds article used to imply that there were certain 'sweet spots' where expected returns were enhanced, but, as above, it was nonsense, so is no longer there!

retiringtoosoon

TadleyBaggie said:

Strangely, over the last few months I've won considerably more (holding 30K) than my wife who had 50K. Must just be a quirk.

Well that cant be right as £50k > £30k!

I call shenanigans....

Alter_ego

ForumUser7 said:

That’s really interesting!

whereabouts is AE please?

Here I am!

eskbanker

retiringtoosoon said:

TadleyBaggie said:

Strangely, over the last few months I've won considerably more (holding 30K) than my wife who had 50K. Must just be a quirk.

Well that cant be right as £50k > £30k!

I call shenanigans....

Do you understand what 'random' means?

Edit: perhaps that was tongue in cheek, it can be so difficult to tell on this thread sometimes!

justwantedtosay

vickyholly said:

Did i dream it , or did i read a few months ago that your odds of winning are higher at 30k than 50 k?

I saw an article just the other day that said your expected return in percentage terms was higher at about 40k [37k?] than 50k. In cash terms, I guess the more you have the more you should win, though it doesn't seem to be working that way for me. I take the expected rate to be 2.65%, and anything better is a bonus.

I also read another article that said the government has told NS&I to raise a lot more cash and that the prize fund would go up very soon. Let's hope they got that one right.