Quizzes & Puzzles6 mins ago
Lotto, Premium Bonds Etc
16 Answers
Of all the things like the Lotto, Euromillions, Health Lottery, Premium Bonds, etc, with which do you stand the most and least chances of winning?
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With premium bonds you can ask for your money back if you don't win. With the lottery you lose it (unless you're a winner).
I think the answer is premium bonds since they pay out an amount equal to around 2% of the fund value as winnings and you can get your investment money back so, there is a small rate of return when considered over a large number of holdings, whereas the lotteries are profit making and charity fund raising ventures and so only pay out a portion of their takings as winnings.
I think the answer is premium bonds since they pay out an amount equal to around 2% of the fund value as winnings and you can get your investment money back so, there is a small rate of return when considered over a large number of holdings, whereas the lotteries are profit making and charity fund raising ventures and so only pay out a portion of their takings as winnings.
The return on premium bonds is only 1.15%(from May 2017), each individual bond has a 30,000-1 chance of winning.
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Join this it is completely free !! a draw every day and up to £2000 cash
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All you have to do is remember to login every day or you can lose that day's prize.
https:/
All you have to do is remember to login every day or you can lose that day's prize.
I have made this point about Premium Bonds before !
You will never "get your stake back" when you buy a Premium Bond, as inflation will erode the value of the stake over time.
For instance, I have had a £5 PB for about 50 years. It has never won a prize. In the 1960's, £5 was quite a lot of money, but what would it buy you today ?
PBs are only a good investment if you win and millions of them never win, ever.
You will never "get your stake back" when you buy a Premium Bond, as inflation will erode the value of the stake over time.
For instance, I have had a £5 PB for about 50 years. It has never won a prize. In the 1960's, £5 was quite a lot of money, but what would it buy you today ?
PBs are only a good investment if you win and millions of them never win, ever.
Mikey is, of course, quite right about inflation eating away his fiver's worth of PBs.
Fifty years ago you could you could get a Tram down into't town
Buy 3 new suits n an overcoat, 4 new pair of good boots, Goo n see George Formby at Palace Theatre, Get Blind Drunk, Have some Steak n Chips, Bunch of bananas n 3 stone of monkey Nuts. And still have change out of a farthing... (with thanks and apologies to Tony Capstick).
Today a fiver barely covers the tram fare into town.
Fifty years ago you could you could get a Tram down into't town
Buy 3 new suits n an overcoat, 4 new pair of good boots, Goo n see George Formby at Palace Theatre, Get Blind Drunk, Have some Steak n Chips, Bunch of bananas n 3 stone of monkey Nuts. And still have change out of a farthing... (with thanks and apologies to Tony Capstick).
Today a fiver barely covers the tram fare into town.
Part of the problem with addressing this question comes about through the different ways that people might define 'winning'. For example, if you get two matching numbers on the Lotto you 'win' a lucky dip - but simply getting another go (which may, or may not, go on to produce a cash prize) probably doesn't seem like actually winning anything to most people.
Similarly many scratch cards provide 'wins' which exactly match what was paid for the card. Does 'getting your money back' really count as a 'win' though?
Similarly many scratch cards provide 'wins' which exactly match what was paid for the card. Does 'getting your money back' really count as a 'win' though?
New Judge
Mikey is, of course, quite right about inflation eating away his fiver's worth of PBs.
Fifty years ago you could you could get a Tram down into't town
Buy 3 new suits n an overcoat, 4 new pair of good boots, Goo n see George Formby at Palace Theatre, Get Blind Drunk, Have some Steak n Chips, Bunch of bananas n 3 stone of monkey Nuts. And still have change out of a farthing... (with thanks and apologies to Tony Capstick).
Today a fiver barely covers the tram fare into town.
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On the other hand New Judge ... 10 years ago I bought a state of the art 40 inch TV £1350
I could now buy three or four 40inch TV's for that.
mikey, doesn't inflation eat away at your savings when they are in a Savings Account?
Most people see PB's as a safe gamble.
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