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Premium Bond holder poll - preference for size and number of prizes?

Discussing offers, rates and deals on suppliers

If you hold Premium Bonds, do you have a preference regarding the size and frequency of prizes?

Yes - I would prefer a higher number of smaller prizes, and a lower number of massive prizes
22
63%
Yes - I would prefer a lower number of smaller prizes, and a higher number of massive prizes
3
9%
No - I do not have a preference
10
29%
 
Total votes: 35

Itsallaguess
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Premium Bond holder poll - preference for size and number of prizes?

#612664

Postby Itsallaguess » September 2nd, 2023, 9:27 am


This poll is trying to gauge how Premium Bond holders feel about the size and frequency of prizes, and if they have a preference for more smaller prizes with fewer massive prizes, or the other way around, or if they have no preference at all.

Cheers,

Itsallaguess

88V8
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Re: Premium Bond holder poll - preference for size and number of prizes?

#612679

Postby 88V8 » September 2nd, 2023, 10:02 am

I have five bonds... that's £5... held since the 50s.
One day my win will come.

V8

Lootman
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Re: Premium Bond holder poll - preference for size and number of prizes?

#612680

Postby Lootman » September 2nd, 2023, 10:06 am

88V8 wrote:I have five bonds... that's £5... held since the 50s. One day my win will come.

I have £7's worth of bonds from around 1960 or 1961.

I have won £25 twice and £50 once. Someone smarter than me can work out my RofR and whether it has beaten inflation over 60-odd years.

You should have gone with two more!

scrumpyjack
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Re: Premium Bond holder poll - preference for size and number of prizes?

#612685

Postby scrumpyjack » September 2nd, 2023, 10:20 am

Only 10% of the prize fund goes into high value prizes at present, so it does not materially reduce your chances of a modest prize.

https://www.nsandi.com/get-to-know-us/m ... allocation

Gersemi
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Re: Premium Bond holder poll - preference for size and number of prizes?

#612690

Postby Gersemi » September 2nd, 2023, 10:36 am

I think the current mix is about right. I do invest in Premium Bonds for a theoretical chance of winning a bigger prize (FIL won £10K from a £50K holding a couple of months ago, very nice, he treated the family to a few days in a nice hotel), but like to win smaller prizes fairly often so I'm not losing too much interest. I see it as a way of 'doing' the lottery without losing my stake, just the cost of lost interest.


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