Premium Bond Winner ?

Podseas

20 people shared the jackpot when consecutive numbers (5 thro 10) came up in a South African lottery.
Many people dont pick random numbers, they pick sequences and birthdays.

Anyway there are no shared wins on Premium Bonds and anyones bonds are just as likely to win as anyone elses. Selling up and re-buying is a fool's errand.

Sg28

Kim_13 said:

With the lottery though, you are trying to get at least three “hits” (game dependent of course), so the odds of them being close together would be quite small. With Premium Bonds it feels like a different approach in that you are trying to maximise your chances of getting at least one hit to avoid a blank, so covering a large area would tend to do that.

Having looked again at my holding, I do have a block of similar length to that that my tiny blocks would be if I sold up and combined them. They have won roughly similarly.

The odds of them being close together are exactly the same as other numbers that separate. 

Kim_13

Sg28 said:

Kim_13 said:

With the lottery though, you are trying to get at least three “hits” (game dependent of course), so the odds of them being close together would be quite small. With Premium Bonds it feels like a different approach in that you are trying to maximise your chances of getting at least one hit to avoid a blank, so covering a large area would tend to do that.

Having looked again at my holding, I do have a block of similar length to that that my tiny blocks would be if I sold up and combined them. They have won roughly similarly.

The odds of them being close together are exactly the same as other numbers that separate. 

Statistically, but I think people would approach the lottery on the basis that that had barely, if ever, happened. Also not picking more than about one of the numbers that had come out in the previous week, etc.

eskbanker

Kim_13 said:

Sg28 said:

Kim_13 said:

With the lottery though, you are trying to get at least three “hits” (game dependent of course), so the odds of them being close together would be quite small. With Premium Bonds it feels like a different approach in that you are trying to maximise your chances of getting at least one hit to avoid a blank, so covering a large area would tend to do that.

Having looked again at my holding, I do have a block of similar length to that that my tiny blocks would be if I sold up and combined them. They have won roughly similarly.

The odds of them being close together are exactly the same as other numbers that separate. 

Statistically, but I think people would approach the lottery on the basis that that had barely, if ever, happened. Also not picking more than about one of the numbers that had come out in the previous week, etc.

'People' do all sorts of daft things that don't withstand objective rational scrutiny though, hence astrologers being able to earn a living....

mebu60

Podseas said:

20 people shared the jackpot when consecutive numbers (5 thro 10) came up in a South African lottery.
Many people dont pick random numbers, they pick sequences and birthdays.

Anyway there are no shared wins on Premium Bonds and anyones bonds are just as likely to win as anyone elses. Selling up and re-buying is a fool's errand.

About 8 or 9 years ago here in the UK there were >4000 people who had 5 of the 6 numbers on Lotto which were divisible by 7 (the sixth number wasn't and no-one had all 6). As a consequence they received about £15 each and certain newspapers were full of 'furious' people who clearly didn't understand how lotteries work.  

Dizzycap

Congratulations to ALL winners - AWESOME!

No winnings again for me. I buy premium bonds every month and have done for around 5 years.

I've won once - £50. I decided to cash the whole lot in and then buy again as one bulk lot of numbers.

Worth a try I suppose . I don't hold out much hope but you never know

silverwhistle

I put some money into a Vanguard ISA the other day, but as that is a bit boring and I wanted to stay liquid at the moment bought 12K of bonds with their first draw this coming month.

I have no great expectations and my previous holding of £102 - yes, some are  around 60 years old - has only yielded £25 in all that time. No holding of breathe here at the start of the month!

eskbanker

silverwhistle said:

I put some money into a Vanguard ISA the other day, but as that is a bit boring and I wanted to stay liquid at the moment bought 12K of bonds with their first draw this coming month.

I have no great expectations and my previous holding of £102 - yes, some are  around 60 years old - has only yielded £25 in all that time. No holding of breathe here at the start of the month!

Tiny holdings are unlikely to win anything, but with a meaningful quantity like £12K then you should on average win a prize five months a year, with a median annual return of £425 (3.54%):

https://premiumbondsprizes.com/detailed#12000

GalacticaActual

The Premium Bonds prize fund will be reduced from the December 2024 draw.

Essentials at a glance

What are the odds of winning?

21,000 to 1 for every £1 Bond in the monthly prize draw (variable) (until the November 2024 prize draw)
22,000 to 1 for every £1 Bond in the monthly prize draw (variable) (from the December 2024 prize draw)

What's the annual prize fund rate?

4.40%, variable (until the November 2024 prize draw)
4.15%, variable (from the December 2024 prize draw)

Premium Bonds | Our savings Accounts | NS&I


Interest rates on some other NS&I accounts are also reducing from 20th November 2024 (apart from their Direct ISA):
Easy access savings | Savings accounts | NS&I

polymaff

Hmmm. Typically 3.3% return on a significant holding;  5.5% equivalent for high-rate tax-payers.