Date: Fri, 27 Aug 2004 10:26:13 +0100
From: Alan 
Newsgroups: uk.finance
Subject: Re: Premium Bond Diary - August update

In message <2p88h6FhfjkgU1@uni-berlin.de>, Tom  wrote
>
>| Actually, they say someone with 30k invested should win 15 prizes a
>| year. It doesn't stipulate whether the prize is small or large.
>|
>
>Does that mean there's really no point investing with anything less than
>£30K? I've got about £1,500 in bonds so it's going to be years before I win
>anything.
>

All bonds have an equal chance of winning. One of your bonds could win a 
£1m in a few days time.

Using your logic the person who only has 314 bonds shouldn't have won 
one of the August £50,000 prizes as he only bought the winning bond 4 
years ago.


-- 
Alan
mailto:news2me_a_2003@amacleod.clara.co.uk