Prize Bonds

lulu1

Almost 19 years ago we bought prize bonds never heard a cheep since.

What I would like to know is dose anybody ever win???

Not me that's for sure

ComfortKid

lulu1 wrote:

Almost 19 years ago we bought prize bonds never heard a cheep since.

lulu1 wrote:

What I would like to know is dose anybody ever win???

There is a thread here where someone invested 20k on prize bonds. He updates it every week. You should search it, very interesting.

dxhound2005

7,500 win a prize every week, nearly all €50. Results on their site 12.30pm every Friday. 350 million bonds out there, chances of any one bond winning are very slim.

https://www.statesavings.ie/PrizebondsApp/DrawResults.aspx

lulu1

ComfortKid wrote: »

There is a thread here where someone invested 20k on prize bonds. He updates it every week. You should search it, very interesting.

Have looked at the first 9 or 10 posts under prize bonds and from what I can see everyone is asking the same question as myself.

Oh well maybe they will come up sometime within the next 19 years

Cee-Jay-Cee

Prize bonds are imaginary, they don't really exist, they're a bit like God and fairies and rainbows and the moon, all dreamt up to jazz up kids bedtime stories.

ComfortKid

lulu1 wrote:

Have looked at the first 9 or 10 posts under prize bonds and from what I can see everyone is asking the same question as myself.

Well if you look at the last posts you will see how much he won over a few years. He won 50 quid quite a few times. I think it's more profitable than savings interest in a bank for him.

foxtrot101

I won 100 euro a few years back. I wish I hadn't though, the disappointment of opening the letter to find out it was only 100 quid still lingers.

dxhound2005

lulu1 wrote: »

Have looked at the first 9 or 10 posts under prize bonds and from what I can see everyone is asking the same question as myself.

Oh well maybe they will come up sometime within the next 19 years

You have a much better chance of winning the Lotto jackpot, or even the Euromillions. There aren't 350 million Lotto tickets bought for each draw.

ComfortKid

foxtrot101 wrote:

I won 100 euro a few years back. I wish I hadn't though, the disappointment of opening the letter to find out it was only 100 quid still lingers.

A hundred quid in the post and you're disappointed? Send it this way. It would make my year!

El Weirdo

dxhound2005 wrote: »

You have a much better chance of winning the Lotto jackpot, or even the Euromillions. There aren't 350 million Lotto tickets bought for each draw.

Either you're joking or you don't know how the lotto works.

I'm not sure yet.

foxtrot101

ComfortKid wrote: »

A hundred quid in the post and you're disappointed? Send it this way. It would make my year!

When you thought you might just of won 1,000,000 euro, 100 euro is always a bit of a come down, but I take your point.

Nodster

Had two bonds and won Ir£100 in the late 90's, optioned to reinvest and not a word since.......

lulu1

I wonder what's the chance's that now I posted this that my bonds will come up next month

Beanntraigheach

I've had €2,500 worth of Prize Bonds for about ten years now.
I won €50 four or five times and €100 once.
Still waiting for my million.

dxhound2005

El Weirdo wrote: »

Either you're joking or you don't know how the lotto works.

I'm not sure yet.

If you did the Lotto for €6 once a week for 19 years you would win loads of small prizes. If you have one Prize Bond (€6.25) entering their weekly draw for 19 years you will most likely win nothing.

PM me nudes

dxhound2005 wrote: »

If you did the Lotto for €6 once a week for 19 years you would win loads of small prizes. If you have one Prize Bond (€6.25) entering their weekly draw for 19 years you will most likely win nothing.

You pay a one off fee for the bond, you pay €6 every time you do the lotto...

Edit: You can also cash in the prize bond and get your money back.

thelad95

dxhound2005 wrote: »

You have a much better chance of winning the Lotto jackpot, or even the Euromillions. There aren't 350 million Lotto tickets bought for each draw.

The chances of you having a winning combination of numbers in the lottery is independent of the number of tickets bought....

Menas

dxhound2005 wrote: »

If you did the Lotto for €6 once a week for 19 years you would win loads of small prizes. If you have one Prize Bond (€6.25) entering their weekly draw for 19 years you will most likely win nothing.

Eh.......Ok, nevermind.

Peregrinus

dxhound2005 wrote: »

If you did the Lotto for €6 once a week for 19 years you would win loads of small prizes. If you have one Prize Bond (€6.25) entering their weekly draw for 19 years you will most likely win nothing.

€6 once a week for 19 years is €5,928.

So you're saying that a non-returnable investment of €5,928 in the lottery will pay a bigger return than a returnable investment of €6.25 in prize bonds? Well, duh.

Average payout on a regular investment amounting to €5,928 in the lottery is $3,310, or 55.8% of investment. The guaranteed minimum return on an investment of €6.25 in prize bonds is . . . €6.25, since you can always cash in your bond, even if it never wins a prize. That's 100% of your investment.

uck51js9zml2yt

If you have changed address you need tell them.

I've 500 euro in pb and won 50 in 4 years.

pickarooney

thelad95 wrote: »

The chances of you having a winning combination of numbers in the lottery is independent of the number of tickets bought....

You're going to have to explain this one...

Peregrinus

pickarooney wrote: »

You're going to have to explain this one...

Whether you win depends on the extent to which the six numbers you picked match up against the six numbers randomly selected in the draw. That won't be affected at all by the number of other tickets sold. It just depends on which six numbers you picked, and which six numbers are drawn.

How much you get if you do win is affected by how many other tickets are sold. The more tickets that are sold, the more likely it is that others as well as you will win, and the pool of prize money will have to be shared with them.

ohnonotgmail

Just from reading this thread it seems to be true that the lottery is a tax on people who cant do maths.

thelad95

pickarooney wrote: »

You're going to have to explain this one...

Even if I was the only person to buy a lottery ticket this week, I would still have the same chance of winning if every person in the country bought one. The machine picks out a random selection of six balls and a bonus and whether anybody has that combination is completely irrelevant. Do some people seriously believe the machine picks out a series of six numbers from all the tickets bought??

Barely There

Never understand people who buy prise bonds or do the lottery.

They're basically saying 'I have no idea how to invest money so I'm just going to leaver it to chance'.

Personally I work too hard and have too much respect for money to leave my investments to the Gods of Chance.

Maximus Alexander

dxhound2005 wrote: »

If you did the Lotto for €6 once a week for 19 years you would win loads of small prizes. If you have one Prize Bond (€6.25) entering their weekly draw for 19 years you will most likely win nothing.

Yeah and the first option will have cost you nearly €6000, the second will have cost you €6.25, which you can have back.

the_sonandmoon

My Grandparents bought PBs in, Id say, the 70s.

In 2014, they were transferred over to my name. 2 sets of 10 bonds, each set worth a whopping €63.50. Not one ever won a penny for my grandparents, nor for me. That's 20 bonds, that must have been entered into 2000 odd draws, and not one ever once drawn.

ohnonotgmail

the_sonandmoon wrote: »

My Grandparents bought PBs in, Id say, the 70s.

In 2014, they were transferred over to my name. 2 sets of 10 bonds, each set worth a whopping €63.50. Not one ever won a penny for my grandparents, nor for me. That's 20 bonds, that must have been entered into 2000 odd draws, and not one ever once drawn.

and that shows ...?

First Up

dxhound2005 wrote: »

You have a much better chance of winning the Lotto jackpot, or even the Euromillions. There aren't 350 million Lotto tickets bought for each draw.

Winning the Lotto or Euromillions has nothing to do with the number of tickets bought. It is based on random numbers.

Prize bonds winners are selected from a defined range of "tickets".

elefant

Barely There wrote: »

Never understand people who buy prise bonds or do the lottery.

They're basically saying 'I have no idea how to invest money so I'm just going to leaver it to chance'.

Personally I work too hard and have too much respect for money to leave my investments to the Gods of Chance.

You can cash your prize bonds in any time you want. There's no risk involved.

the_sonandmoon

ohnonotgmail wrote: »

and that shows ...?

An answer to the OP

Barely There

elefant wrote: »

You can cash your prize bonds in any time you want. There's no risk involved.

It's a terrible investment.

You're pretty much guaranteed to lose money as inflation is eating away at your investment constantly and your chances of 'winning' are miniscule.

Melendez

This post has been deleted.

Maximus Alexander

Barely There wrote: »

It's a terrible investment.

You're pretty much guaranteed to lose money as inflation is eating away at your investment constantly and your chances of 'winning' are miniscule.

What can you invest in that's guaranteed to make you money?

First Up

Maximus Alexander wrote: »

What can you invest in that's guaranteed to make you money?

A deposit account will guarantee to earn you some money but after tax, the returns are not much better than the 1.6% Prize Bonds pay out.

Of course that 1.6% is not evenly distributed but if you have a decent stash in Prize Bonds, there's a pretty good chance you will have regular wins in the €50 -€100 range.

The cheques from Killarney are a pleasant feature of Tuesday mornings!

Barely There

Maximus Alexander wrote: »

What can you invest in that's guaranteed to make you money?

Nothing - but prize bonds are pretty much guaranteed to lose you money when you allow for inflation.

Melendez wrote: »

This post has been deleted.

Maybe for some.
I'd want a lot more than 1.25 % for my investments, - at least 5-6%.

leaving money sitting on a deposit rate is also a terrible 'investment'.

ohnonotgmail

Barely There wrote: »

Nothing - but prize bonds are pretty much guaranteed to lose you money when you allow for inflation.





Maybe for some.
I'd want a lot more than 1.25 % for my investments, - at least 5-6%.

leaving money sitting on a deposit rate is also a terrible 'investment'.

please let us know where you are guaranteed to get 5-6% return on an investment that is 100% safe.

ComfortKid

Barely There wrote:

Nothing - but prize bonds are pretty much guaranteed to lose you money when you allow for inflation.

Check out PrettyBoys thread on prize bonds and you will see he definitely isn't losing money.

Barely There

ComfortKid wrote: »

Check out PrettyBoys thread on prize bonds and you will see he definitely isn't losing money.

Is he allowing for inflation?

ohnonotgmail wrote: »

please let us know where you are guaranteed to get 5-6% return on an investment that is 100% safe.

The straw!
It hurts my eyes!

ohnonotgmail

Barely There wrote: »

Is he allowing for inflation?



The straw!
It hurts my eyes!

so you are comparing two things that are not equal then.

Barely There

ohnonotgmail wrote: »

so you are comparing two things that are not equal then.

I think my posts and points have been reasonably clear.

If you don't understand them I can't really help you further.

ohnonotgmail

Barely There wrote: »

I think my posts and points have been reasonably clear.

If you don't understand them I can't really help you further.

condescending much?

ComfortKid

Barely There wrote:

I think my posts and points have been reasonably clear.

No they haven't! You cannot name one investment which is completely safe and guarantees you 5 or 6 percent as you suggested.

Akrasia

pickarooney wrote: »

You're going to have to explain this one...

It's easy. If buy one ticket you have a roughly 1 in 8 million chance of winning the jackpot

If you buy two tickets, you have double the chances, or 1 in 4 million
If you buy 4 tickets, you double that chance again, or 1 in 2 million
If you buy 8 tickets, you have a 1 in a million chance and so on.

Basic maths dictates that if you buy 8192 tickets you're guaranteed to win the lottery

ohnonotgmail

ComfortKid wrote: »

No they haven't! You cannot name one investment which is completely safe and guarantees you 5 or 6 percent as you suggested.

i wouldnt bother tbh.

Barely There

ComfortKid wrote: »

No they haven't! You cannot name one investment which is completely safe and guarantees you 5 or 6 percent as you suggested.

You're the one suggesting stuff.

You should probably read things more carefully.

ComfortKid

Barely There wrote:

You should probably read things more carefully.

You said you would want at least 5 or 6 percent from an investment. Name one investment which guarantees this, and where your original investment is perfectly safe and can be withdrawn at any time.

ComfortKid

Akrasia wrote:

Basic maths dictates that if you buy 8192 tickets you're guaranteed to win the lottery

Can you use your basic mathematical skills to tell me how much 8192 lottery tickets would cost?

Barely There

ComfortKid wrote: »

You said you would want at least 5 or 6 percent from an investment. Name one investment which guarantees this, and where your original investment is perfectly safe and can be withdrawn at any time.

Plenty of long term investment bonds will offer around the 5% p.a. mark guaranteed.


Personally I don't get hung up on the guaranteed bit myself - I understand you seem to be a bit obsessed with it and that's fine - some people have no appetite or ability to handle an element of risk.

My investments are structured around balancing risk against return by ensuring my portfolio is diverse enough to handle market fluctuations.

I've consistently enjoyed returns of between 6-9% over many years.

If you want a guaranteed loss on your investment - buy prize bonds.

ComfortKid

Barely There wrote:

If you want a guaranteed loss on your investment - buy prize bonds.

You obviously don't understand the word guaranteed. I'll leave it there.

pickarooney

Peregrinus wrote: »

Whether you win depends on the extent to which the six numbers you picked match up against the six numbers randomly selected in the draw. That won't be affected at all by the number of other tickets sold. It just depends on which six numbers you picked, and which six numbers are drawn.

How much you get if you do win is affected by how many other tickets are sold. The more tickets that are sold, the more likely it is that others as well as you will win, and the pool of prize money will have to be shared with them.

thelad95 wrote: »

Even if I was the only person to buy a lottery ticket this week, I would still have the same chance of winning if every person in the country bought one. The machine picks out a random selection of six balls and a bonus and whether anybody has that combination is completely irrelevant. Do some people seriously believe the machine picks out a series of six numbers from all the tickets bought??

No, I assumed you meant it didn't matter how many tickets you bought yourself.