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Prize Bonds from An Post

  • 28-05-2009 5:18am
    #1
    FlyOver
    Closed Accounts Posts: 112 ✭✭


    Hi all,

    Came across a statement in the An Post Prizebond FAQ on it's website.

    Q. What are the chances to win a prize if you have for example €1,000 invested?

    A. A customer with €1,000 invested has a 3.8 to 1 chance of winning a cash prize in a 12 month period.

    Simply wondering is this a correct statement? I ask that here because it involves odds. I also asked the same question in the Mathematics forum.


Comments

  • #2
    bookerboy
    Registered Users, Registered Users 2 Posts: 428 ✭✭bookerboy


    I have €100 in Prize bonds and one twice in the past couple of years
    (prizes were €50 and €75)
    My son has €20 in prize bonds that he got as a present and has also won twice(€50 and €75) so i guess the odds are pretty got with a €1000 bond.


  • #3
    NewApproach
    Registered Users, Registered Users 2 Posts: 2,191 ✭✭✭NewApproach


    Obviously its going to be poor odds, An Post is not charity...


  • #4
    famagusta
    Registered Users, Registered Users 2 Posts: 606 ✭✭✭famagusta


    bought 10k in prizebonds after cheltenham (thanks dunguib) and have won 150euro already, at this rate it will work out better than bank interest and there is a chance of winning a big prize eg. 20k. 1m etc...

    better than putting it in the bank anyway


  • #5
    WH BONNEY
    Registered Users, Registered Users 2 Posts: 512 ✭✭✭WH BONNEY


    Bought 5K 18 months ago. Got a 3 cheques for 75 in the first 6 months and nothing since.


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