Premium Bonds

[GB]

It's a 1 in 200 chance being reported. You don't think a little scepticism is in order?

[GB]

How else would you like me to describe it?

[JNugent]

Thanks.

[critcher]

yes you are.

[Jim GM4DHJ ...]

no...why would I lie ?.... copied with bond numbers removed.... June 2021 £25 May 2021 £25 April 2021 £25 April 2021 £25 February 2021 £25 OK I missed March and got a double in April .....

[Jim GM4DHJ ...]

Jim says he has...

[Joey]

Fact.

[John Rumm]

erm, I think you just confirmed my presumption *is* correct - they do adjust the payout to account for the changing number of active bonds.

[bert]

In article <s9foin$5ql$ [e-mail], Jim GM4DHJ ... [e-mail] writes

I had similar as long as I was putting money in. Since I stopped haven't won anything. Friend had the same experience over the same period.

[Robin]

Yes.

And no :)

I should have made clear I was contesting your "from time to time". That seemed to me to imply possible delay between changes in the total number of bonds and changes in the prize fund. Indeed, without such delay I don't see how you can get the result you predicted ("if you bought 10K bonds when there were 10M issued, you would be more likely to win than if you bought 10K when there were 100M issued"). A result that is prevented by the month by month adjustment.

I think.

Hic.

[John Rumm]

Actually I was just highligting that I have not looked at the details in a very long time (not held any bonds for 20 years) - so I did not know what frequency they did the adjustments at.

Indeed - I was not suggesting that the claims that more recent ones are more likely to win was actually correct - only suggesting a mechanism that some might imaginine that would allow this to be true (hence the "I suspect the logic is that"). Apologies if I did not express that very well.

The monthly adjustment sounds quite plausible... especially since its a fully automated system.

[Jim GM4DHJ ...]

spot on...tee hee

[Robin]

Ah, I see. My mistake. I had thought that Jove had nodded. (As in you thought that logic was, err, logical.) I should have known better. Sorry.

[Robin]

Ah, I see. My mistake. I had thought that Jove had nodded. (As in you thought that logic was reality.) I should have known better. Sorry.

[bert]

You've still got your 2 quid though :-)

[GB]

Oh, okay. I certainly accept that alternative.

[Jim GM4DHJ ...]

good man

[Jim GM4DHJ ...]

good

[tim...]

No

because the prize fund will be 10 times bigger

well of course

the increase due to there being more bonds bought (and thus money invested) is automatic

changes due to changes in underling interest rates is done less often

[tim...]

actually a 1 pound bond won you the prize

all bonds are for one pound, they just tinker with the minimum purchase from time to time.