Premium Bond Winner ?

arthurdick

This month on max holding, £400

Total for my first 9 draws is £2350

March £75
April £350
May £425
June £225
July £150
Aug £300
Sept £325
Oct £100
November  £400

abgrad

arthurdick said:

This month on max holding, £400

Total for my first 9 draws is £2350

March £75
April £350
May £425
June £225
July £150
Aug £300
Sept £325
Oct £100
November  £400

Wow! Congrats! You are a very lucky person! I’ve never had more than £200 (and that’s a great month for me) on full holding. I used to think I was a lucky person but premium bonds are proving me wrong 😂. 

I’ve only had full holding for about 3 or 4 months but before that it was between £35k and full but I’ve had about £900 in the last 11 months. I sometimes wonder if I should take some out as some people on here are doing well with less than 30k, though it’s all luck but I’d be a bit less frustrated at “poorer” wins if I didn’t have full holding. 

TrishaG1

£375 nearly Max Holding, and my Nephew £75 max holding (he has won every month this year, except one)

Jami74

Nothing again on £125 holding. 

Jazee

I have now held my premium bonds for 50 months, starting with £2900 and gradually increasing to Just over £30k. In that time I have won 26 times, 18 of those being £25.  Total winnings so far are £1325.  This month I won £100.  

bobby111111111

£175 this month which is the most I've won in a monnth so far, £1200 for the year to date on full houlding, very poor really.

Swipe

Jami74 said:

Nothing again on £125 holding. 

I had £100 for 20 years and didn't win a single prize so I wouldn't hold your breath 

Bantamspaul

Max invested. Won over £400 for the 4th time in 5mths, £25 was the other one.
My mate won £100,000 on £9,000in September 

PixelPound

Swipe said:

Jami74 said:

Nothing again on £125 holding. 

I had £100 for 20 years and didn't win a single prize so I wouldn't hold your breath 

There does seem to be a tipping point somewhere north of £3K whereby you can expect to win something in a year, where as £100-ish then yes highly unlikely to win anything. 

There does seem to be the thought of either it's not worth it at all at that level, to well how much would you get elsewhere and at least you have a very very small in-it-to-win-it factor. You could get around £5 in interest over a year in an easy access savings account. So if you used that to buy a lottery ticket for the wed/sat closest to when you got the interest paid, would you win anything? The odds of winning nothing is 1-(95/96)^2.5 if the odds of winning a £25+ prize is 1in 96 as you could by 2 and a half tickets with £5. This translates to odds of 0.974. The odds of not winning of a year of premium bond draws with £100 is 0.944. So slightly better (National Lottery is better odds per draw and you are comparing 12 PB draws verses buying two and a half lottery tickets a year, even buying 3 tickets brings this to 0.969)

Do people who save regularly play the Lottery, or is it the preserve of those who should save instead of buying tickets on the lottery. If you put £4,000 in a Santander 5.2 easy access and used the interest to buy a lottery ticket every Wed/Sat, how many 3 ball or more prizes would you win. Would this be less/more than the prizes from having £4,000 in premium bonds. At £4k you should be winning a prize once or twice a year. Though if you've limited savings it's putting £4k in the hope you might win a couple of prizes verses £208 guaranteed.

Eirambler

With the current Prize Bond win rates I can't understand why anyone who has more than 5k in savings would play the lottery. If you fancy a flutter on it just put it in Premium Bonds and worst case scenario you'll get your 5k back (granted inflation would hit it a bit), or more likely you'll get 5k plus two or three prize wins a year for as long as you hold them.

With either approach there's an absolutely minute chance of a big win, but with the bonds it's as close to a free play as you're going to get.