Lotto, Premium Bonds Etc

[thesshhh]

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?

[murraymints]

I think least likely euromillions..most Premium bonds

[aelmpvw]

depends on how much winnings you are talking about

[gangesboy]

some stats here
http://home.bt.com/lifestyle/money/money-tips/premium-bonds-versus-lotteries-what-are-the-odds-of-winning-11363984381895

[fiction-factory]

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.

[Old_Geezer]

If most is premium bonds that I've never won in my life, then all is lost. Tried THE lottery on occasion. Won with just the 3 correct numbers occasionally.

[dasherman]

The return on premium bonds is only 1.15%(from May 2017), each individual bond has a 30,000-1 chance of winning.

https://www.nsandi.com/premium-bonds

[EDDIE51]

Join this it is completely free !! a draw every day and up to £2000 cash
https://freepostcodelottery.com/
All you have to do is remember to login every day or you can lose that day's prize.

[mikey4444]

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.

[-Talbot-]

You will never "get your stake back" when you buy a Premium Bond, as inflation will erode the value of the stake over time.


Nonsense.

[mikey4444]

Just what is nonsense about the effect of inflation Talbot ?

[bhg481]

I stand the least chance of winning Lotto, Euromillions and Health Lottery because I never take part.

[mikey4444]

bhg....I have been putting the minimum stake into the lottery for years...first £1 and then £2 a week. Every now and then, I win £25 but I am still out of pocket !

Still....it could be me one day !

[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.

[Buenchico]

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?

[New Judge]

"Does 'getting your money back' really count as a 'win' though?"

It certainly does to most hardened gamblers!

[-Talbot-]

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.

___________________



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.