Premium Bond Winner ?

sugar_daddy1237

Question for the wise ones. One of my AXA cashbuilder plan is maturing in June. I will have 50k to invest. Am I best to buy lump sum 50k in bonds at once, buy multiple smaller sums or doesn't it make a difference at all?

Sarahspangles

sugar_daddy1237 said:

Question for the wise ones. One of my AXA cashbuilder plan is maturing in June. I will have 50k to invest. Am I best to buy lump sum 50k in bonds at once, buy multiple smaller sums or doesn't it make a difference at all?

Some people theorise that specific blocks of bond numbers come up more frequently than others, but I'm not convinced - it's not like specific bond numbers are substandard because they've been created on a Friday after someone came back from the pub.

The more bonds you have the more likely you are - in statistical terms - to win something and over time to get closer to the average expected return.  They have to be invested for a full month so the optimum time to buy is just before a month end.

eskbanker

Sarahspangles said:
Some people theorise that specific blocks of bond numbers come up more frequently than others, but I'm not convinced...

It's true, some specific blocks of bond numbers do come up more frequently than others - trouble is, there's no way of telling in advance which ones those will be!

It's exactly the same principle as the Lotto numbers, where, nearly 30 years on from starting, there's a fairly significant difference between the frequency of the most-drawn number from the original 1-49 range (39, 366 times) and the least (13 and 20, 299 times each) - some believe that randomness should equate to evenness but not so, or at least not exactly....

However, the answer to "Am I best to buy lump sum 50k in bonds at once, buy multiple smaller sums or doesn't it make a difference at all?" remains 'it makes no difference to the odds and the expected return'.

londonice

It's a combination of luck and obtaining new bonds gradually.  
Now, my holding increases with prizes reinvested.  I've been pretty lucky recently, so I've stopped putting extra money in.
Over the last 6 months, I've won prizes, except for December.
50, 75, 125, 100, 125 = £475 all reinvested in more bonds.

sugar_daddy1237

Good Morning everyone 
May's big winners results are out.
Good luck 

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

Gers

A £50.00 bond bought last month has won £50K.

Primrose

My app shows May results no due until tomorrow, 3rd May so will  have to contain my disappointment/excitement for a little longer.

Slinky

You have to hope the winner with the £2 bond is still alive and living at the same address as the PB records.

I've only ever seen one bond before without a number at the front, and that was one Dad held from the first draw.

Dazed_and_C0nfused

Primrose said:

My app shows May results no due until tomorrow, 3rd May so will  have to contain my disappointment/excitement for a little longer.

It's just prizes of £5,000 or more are detailed on the NS&I website from today.

And if you download the list they provide a link to that includes them all down to £1,000.

arthurdick

Dazed_and_C0nfused said:

Primrose said:

My app shows May results no due until tomorrow, 3rd May so will  have to contain my disappointment/excitement for a little longer.

It's just prizes of £5,000 or more are detailed on the NS&I website from today.

And if you download the list they provide a link to that includes them all down to £1,000.

Ha, don't I know it.  I spent 2 hours early this morning checking them all..  No wins for me yet, am not going to put my number and check if I have won or not, I like the fun of  maybe getting an email saying that one or more of my bonds have won.