Premium Bonds

[ASB]

Now that sounds and smells like bulltulip.

To be fair to threaded there is quite a lot of anecdotal evidence to support the assertion. However what you don't hear of is those who flog up, re invest and then don't do any better - which is almost certainly most of them.

NS and I obviously refute it and do point out that depending upo timing you will miss either one or two draws.

http://www.thisismoney.co.uk/saving-...8&in_page_id=7

[DimPrawn]

Some critics allege that electronic components used by Ernie cannot produce completely random numbers since software can only mimic predictability, and therefore patterns will eventually emerge.

That's bulltulip.

Ernie is not a computer and does not have "software". The numbers are generated by a quantum effect, either radioactive decay or quantum noise from a semiconductor junction.

You can't get more random than that.

[Emperor Dalek]

Have you done a check? If so I would think being married to somebody that unlucky is probably grounds for divorce.

Yup, last year.

[Emperor Dalek]

I seriously don't believe this. Mrs Emperor Dalek has just called me up to tell me she's just won £50 on her premium bonds, her first win in the 35 years she's had them.

[Pondlife]

I seriously don't believe this. Mrs Emperor Dalek has just called me up to tell me she's just won £50 on her premium bonds, her first win in the 35 years she's had them.

She obviously read the divorce post and has decided to act quickly to mitigate.

[BlasterBates]

Well actually its less than the statistics, as to get the full precentage you need to be in it for 28000 years to get the million quid. Probably over millions of years the prize distribution would even out.

You see most people win the £100 prizes frequently but these only represent 87% of the prizes, the top prizes are won by a handful.


Personally I'd stick your money in GAZPROM I've won nearly £500 in the space of a few weeks, from a 5 grand investment.

[AtW]

Personally I'd stick your money in GAZPROM I've won nearly £500 in the space of a few weeks, from a 5 grand investment.

You are a brave man...

[martinb]

I've had £5 worth of premium bonds since the 60's. Never won a thing. My son had £100 worth bought for him by his grandmother - less than a year after getting them he won £50!

[threaded]

That's bulltulip.

Ernie is not a computer and does not have "software". The numbers are generated by a quantum effect, either radioactive decay or quantum noise from a semiconductor junction.

You can't get more random than that.

The number generator may well be perfectly random. The problem actually lays further down the line when those numbers are converted to the bond numbers.

Like I say, it really is head slappingly obvious if I was to tell you what is going wrong, but I won't. I offered to tell the NS long long time ago, but I want paying first.

[threaded]

To be fair to threaded there is quite a lot of anecdotal evidence to support the assertion. However what you don't hear of is those who flog up, re invest and then don't do any better - which is almost certainly most of them.

NS and I obviously refute it and do point out that depending upo timing you will miss either one or two draws.

http://www.thisismoney.co.uk/saving-...8&in_page_id=7

Independant studies have been done, and they have shown that the younger a bond the more chance you have of winning.

Even that article mentions a big payout on new bond happening again.