Winning on premium bonds

[jo90]

A friend has 30,000 invested in these and won a prize every month. He reduced it to 25,000 six months ago and hasn't won a thing. I've been told you must keep the max bonds in order to win regularly but surely 5,000 shouldn't make that much difference. Could someone please explain (in laymans terms!) why your chances are reduced so much. Thanks

[dzug]

The chances are not reduced so much - just by one-sixth.

Six months without a win holding �30000 can be expected from time to time - reducing to �25000 slightly increases the chances of this, but no more.

It's random - that means it fluctuates rather than being regular.

[Im a BusyBee]

I am only very slightly short of holding the maximum and i dont win every month by any means. I would say he had more than his fair share of luck when he did hold the maximum it would have been time for his luck to slow down anyway!

[oldwoman]

Makes my �5 look a bit paltry. Had them 43 years and never won a thing.