Premium Bonds - Not a bean for months now!!!!

Premium Bonds - Not a bean for months now!!!!

Author
Discussion

BlindedByTheLights

1,416 posts

103 months

Sunday 2nd June
quotequote all
and31 said:
I wonder what agent millionaire looks like when he turns up to tell you that you’ve won the big one? Pinstripe suit and a bowler hat surelylaugh
https://www.thisismoney.co.uk/money/saving/article-1687197/Interview-Premium-Bonds-Agent-Million.html

ferret50

1,461 posts

15 months

Sunday 2nd June
quotequote all
BlindedByTheLights said:
and31 said:
I wonder what agent millionaire looks like when he turns up to tell you that you’ve won the big one? Pinstripe suit and a bowler hat surelylaugh
https://www.thisismoney.co.uk/money/saving/article-1687197/Interview-Premium-Bonds-Agent-Million.html
I'll let you know tomorrow!

hehe

and31

3,451 posts

133 months

Sunday 2nd June
quotequote all
ferret50 said:
I'll let you know tomorrow!

hehe
laugh

and31

3,451 posts

133 months

Sunday 2nd June
quotequote all
BlindedByTheLights said:
and31 said:
I wonder what agent millionaire looks like when he turns up to tell you that you’ve won the big one? Pinstripe suit and a bowler hat surelylaugh
https://www.thisismoney.co.uk/money/saving/article-1687197/Interview-Premium-Bonds-Agent-Million.html
Brilliant-

snuffy

10,303 posts

290 months

Sunday 2nd June
quotequote all
and31 said:
I wonder what agent millionaire looks like when he turns up to tell you that you’ve won the big one? Pinstripe suit and a bowler hat surelylaugh
I keep thinking of this advert:


trickywoo

12,208 posts

236 months

Sunday 2nd June
quotequote all
BlindedByTheLights said:
Interesting that 14 years ago ns&i themselves recognised that £1m isn’t that much.

trickywoo

12,208 posts

236 months

Monday 3rd June
quotequote all
Not too many crazy odds winners in June.

Couple of £100k winners with total holdings of £700 and £300 and a £50k with £100.

Edited by trickywoo on Monday 3rd June 07:25

Drew106

1,480 posts

151 months

Monday 3rd June
quotequote all
The person in West Yorkshire's had a cracker. £500 bought in November-23! £100k prize.

Sheepshanks

34,436 posts

125 months

Monday 3rd June
quotequote all
trickywoo said:
BlindedByTheLights said:
Interesting that 14 years ago ns&i themselves recognised that £1m isn’t that much.
I read a similar article but it was an ex- agent who was a bloke and he said most of the £1M winners were already rich and the win wasn’t a big deal for them. He seemed a bit miffed about that.

CLK-GTR

1,123 posts

251 months

Monday 3rd June
quotequote all
Sheepshanks said:
I read a similar article but it was an ex- agent who was a bloke and he said most of the £1M winners were already rich and the win wasn’t a big deal for them. He seemed a bit miffed about that.
Makes sense as Premium Bonds are a conservative product. It's not scratchcard style.

okgo

39,143 posts

204 months

Monday 3rd June
quotequote all
CLK-GTR said:
Makes sense as Premium Bonds are a conservative product. It's not scratchcard style.
Funny how the same ‘gamble’ draws each end of the spectrum in nonetheless.

Doofus

27,863 posts

179 months

Monday 3rd June
quotequote all
okgo said:
Funny how the same ‘gamble’ draws each end of the spectrum in nonetheless.
That's gambling. See also horse racing and casinos.

alscar

5,132 posts

219 months

Monday 3rd June
quotequote all
snuffy said:
Fat Derek is talking bks,

However, it has not always been bks. Previous versions of Ernie produced more evenly distributed numbers that randomly distributed ones. And since they were "even" and opposed to "random", you did have more change of winning with one large block of numbers as opposed to several smaller blocks.

So that used to be the case, but not anymore.

Being sad I check and see what bond number accounts for wins.
We acquired the max in various tranches over the years but most if not all of our wins come from either the £5k or £ 10k purchases.
We have both never won anything from any Bonds bought in the hundreds block.

Just checked site and its tomorrow for the usual notifications.

Doofus

27,863 posts

179 months

Monday 3rd June
quotequote all
alscar said:
Being sad I check and see what bond number accounts for wins.
We acquired the max in various tranches over the years but most if not all of our wins come from either the £5k or £ 10k purchases.
We have both never won anything from any Bonds bought in the hundreds block.

Just checked site and its tomorrow for the usual notifications.
That's just odds though. You're more likely to win from a group of 10,000 numbers than from a group of 100

Mark-C

5,623 posts

211 months

Monday 3rd June
quotequote all
and31 said:
BlindedByTheLights said:
and31 said:
I wonder what agent millionaire looks like when he turns up to tell you that you’ve won the big one? Pinstripe suit and a bowler hat surelylaugh
https://www.thisismoney.co.uk/money/saving/article-1687197/Interview-Premium-Bonds-Agent-Million.html
Brilliant-
That was an enjoyable read ...

Fastchas

2,688 posts

127 months

Monday 3rd June
quotequote all
alscar said:
Being sad I check and see what bond number accounts for wins.
We acquired the max in various tranches over the years but most if not all of our wins come from either the £5k or £ 10k purchases.
We have both never won anything from any Bonds bought in the hundreds block.

Just checked site and its tomorrow for the usual notifications.
I deposited £860 last year and won £100 for the following month.

alscar

5,132 posts

219 months

Monday 3rd June
quotequote all
Doofus said:
That's just odds though. You're more likely to win from a group of 10,000 numbers than from a group of 100
Indeed but does that mean " Fat Derek " was totally wrong ?!

snuffy

10,303 posts

290 months

Monday 3rd June
quotequote all
Doofus said:
alscar said:
Being sad I check and see what bond number accounts for wins.
We acquired the max in various tranches over the years but most if not all of our wins come from either the £5k or £ 10k purchases.
We have both never won anything from any Bonds bought in the hundreds block.

Just checked site and its tomorrow for the usual notifications.
That's just odds though. You're more likely to win from a group of 10,000 numbers than from a group of 100
The idea was that say 1 number is selected on an even distribution, say 1 every 20000 or so. If you held 20000 bonds, you'd always get 1 winner a month. But if you had your 20000 bonds scattered about, you may or may not get a winner.

Therefore, sell you smaller groups and buy back, so you get 1 big block of numbers. That was the thinking, but now it no longer holds true.


Doofus

27,863 posts

179 months

Monday 3rd June
quotequote all
alscar said:
Doofus said:
That's just odds though. You're more likely to win from a group of 10,000 numbers than from a group of 100
Indeed but does that mean " Fat Derek " was totally wrong ?!
Yes.

snuffy

10,303 posts

290 months

Monday 3rd June
quotequote all
Sheepshanks said:
I read a similar article but it was an ex- agent who was a bloke and he said most of the £1M winners were already rich and the win wasn’t a big deal for them. He seemed a bit miffed about that.
Having new scanned the list of big winners, the vast majority hold the maximum £50k (or almost that many). If you are the kind of person who can afford to buy £50k of PB's then you can't be that short. In which case, yes, for a lot of people, £1M isn't that big a deal.