€25k invested in prize bonds

Nor here

Nothing for us this week - it’s insane. Last win was in May I think.

Agent Smyth wrote: »

It's been exactly a year since I last did some figures on the PB's , so as of this weeks draw there is €3,465,680,000 in the fund
That's up by €256,880,000 from last March , giving a average net growth of €1,019,365 for every working day last year
There are now some 554,508,800 bonds in each draw, up from last year by roughly 41,100,800 bonds
And their chasing 4655 weekly prizes which is only up from 4161 last March by 494 extra €50 prizes


So my guesstimation of wins per holdings per year hasn't really changed since July '17 but I've added two extra guesses for the smaller bond holders

€100,000 = 7 wins
€50,000 = 3 wins
€25,000 = 2 wins
€10,000 = 1 win every 2 years
€5,000 = 1 win every 3 years
€1,000 = 1 win every 14 years
€100 = 1 win every 143 years
€6.25 = 1 win every 2291 years

I dragged this up from March to make a comparison with what actually happens in the draws, and it largely works out. Any set of one million bonds, worth €6.25 million, will win 468 prizes in 52 draws. I derived this from a count of how different sets of 10 million bonds performed in various draws. It converts to 7.5 wins for €100K (4.5 wins for €60K, referring to a previous post). But at that sort of level, and a lot higher, there can be losers and winners compared to the average.

The reason that €100K does not get 10 prizes (0.5% return) is that 99.5% of the prizes by number are €50 prizes. But the bigger value prizes get a lot more than 0.5% of the prize fund.

More counts would refine the numbers, but it is good enough to prove the figures we have been working with.

Living Off The Splash wrote: »

€290k invested in Prize Bonds. I am going to see how many "wins" I have from Sept 17th 2019 until same week next year.

1 x €50 this week. Sept 17th/2019. 1st week. Total = €50.

Nothing week 2.

Nothing week 3.

Nothing here again. Not sure where mine are hiding. Bought some more this week so hopefully a fresh batch will have better luck.

You wait and wait and then two come along together.........

Winnings on 11th October 2019: €100 (2x €50)
Last win: 13th September 2019: €50
Weeks since last win: 4

2017 (Jul-Dec) - €100k – 7x€50 = €350
2018 (Jan-Dec) - €200k – 12x€50 = €600
2019 (Jan-July) - €250k – 18x€50 = €900

Negative_G wrote: »

Winnings on 14th June 2019: €50
Last win 10th May 2019: €50
Previous win 3rd May 2019: €50

Total winnings since Feb 2015 on €50k: €1,200
Total winnings since Oct 2016 on €20k: €250

Winnings on 4th October 2019: €50
Last win on 14th June 2019: €50
Previous win 10th May 2019: €50

Total winnings

Total winnings since Feb 2015 on €50k: €1,250
Total winnings since Oct 2016 on €20k: €250

beertons wrote: »

50k winner in Kildare, bought this year.

Wasn't me.

APG992829, bought about three weeks ago.

The newest bond to win on 04 Oct was APJ495808, today APL447984. The new bonds I got this week are APJ915xxx. No win for me today.

thefasteriwalk wrote: »

I’ve got a little over 25k invested, but they’re an accumulation of small bundles since June 2018. Won €50 today for the first time.

Is is possible to request sequential bond numbers?
How are you able to tell when a bond was bought?

You would have to cash them in and get a block of new ones, which would be sequential. No point in doing that, since it won't make any difference to your chances of winning. €25K will win twice in 52 draws with average luck.

This is a rough progression of bond numbers, based on bonds I own and other data. First bond issued in 1957. End of single letter prefixes and start of doubles around 1982. First Euro denominated bond DL000001. End of double letter prefixes and start of triples July 2015. Up to APL this week.

€50

€40K invested
Nothing here either...

I don't believe it, 2 X 50 EUR wins today on my house deposit (60k), happy days, that's only 200 EUR in 12 months though...

Another 'Killarney' envelope on it's way with €50.

€50 win 18/10/2019, PB bought April 2003, first win since 21/9/2019.

Winnings to date (no winning records kept pre 2005) €1,625 on €9,850 worth of PB's bought monthly over a 21 year period plus €20,000 bought in Feb 2016 (five €50 on the February 2016 purchase).

Winnings 2011 €75
Winnings 2012 €150
Winnings 2013 €200
Winnings 2014 €100
Winnings 2015 Zero
Winnings 2016 €200
Winnings 2017 €250
Winnings 2018 Nada, Zilch, SFA
Winnings 2019 €200 (and counting - could be my best year)

Roll on next Friday

tobdom wrote: »

Planning to 'invest' ~25k in prize bonds, can I do this with a bank draft? (application form says Cheque, cash or debit card)

I have purchased other state savings products using bank drafts so I don’t see why not. Just ensure that the payee is shown correctly - “NTMA State Savings” and send it by registered post. You could also call them on 1850 30 50 60 or 01 705 7200 to check.

tobdom wrote: »

If I choose the option to reivest winnings into new bonds, and at some stage I want to withdraw a partial amount, is this allowed? Assuming the amount would need to be multiples of whole bonds (€6.25)?

You will initially be issued with one cert for the 4,000 prize bonds you are purchasing. You will be issue with a separate cert for any winnings. When you wish to redeem you need to submit the certificate/s with the redemption application. I’ve never done a partial redemption, but apparently it is allowed.....

From https://www.statesavings.ie/media/pdf/prizebonds_repayment_form

3. BOND RANGE
Where application for repayment is for less than the total number of units in a multiple Bond, a Bond covering the remaining units will be forwarded to the holder. The range of Bonds to be repaid must start at the first Bond in the range held.

Best of Luck

€290k invested in Prize Bonds since Sept 17th.

1 x €50 First week.
Nothing second week.
Nothing third week.
Nothing fourth week.
Nothing fifth week.

Getting a bit tired of this. Cashed in my Stock market holdings, where I was getting decent dividends plus profits to now getting practically nothing. Methinks I made the wrong decision.

Living Off The Splash wrote: »

€290k invested in Prize Bonds since Sept 17th.

1 x €50 First week.
Nothing second week.
Nothing third week.
Nothing fourth week.
Nothing fifth week.

Getting a bit tired of this. Cashed in my Stock market holdings, where I was getting decent dividends plus profits to now getting practically nothing. Methinks I made the wrong decision.

Prize bond returns will always reflect the deposit market and the prize pot, number of prize bonds purchased and therefore the chances of return, are very clear.
current PB returns don’t even cover inflation, so in reality you’re €290,000 hasn’t gained €50 in the past five weeks, it’s probably lost €150, assuming inflation of 1%, however in return for that deflation, your money is very very safe.

€290k invested in Prize Bonds since Sept 17th.

1 x €50 First week.
Nothing second week.
Nothing third week.
Nothing fourth week.
Nothing fifth week.
1 x €50 sixth week.

Total wins in six weeks, €100 on €290k invested.

Living Off The Splash wrote: »

€290k invested in Prize Bonds since Sept 17th.

1 x €50 First week.
Nothing second week.
Nothing third week.
Nothing fourth week.
Nothing fifth week.
1 x €50 sixth week.

Total wins in six weeks, €100 on €290k invested.

I'm finding it difficult to understand how your calendar works - if you won €50 on 17th Sept, then presumanbly you're referring back to the draw held on 13th September and so you would have invested your money at beginning of that week (9th Sept) at latest. And your 2nd win would have been last Friday's 18th October - is that correct?

Nothing for us this week

Rulmeq wrote: »

If my maths are correct* (which they rarely are) that would work out at 0.3% if it keeps up for a year.


*((100/290k) * 100)/6*52?

Thanks for doing the math. Poor return. This was previously invested in the stock market with dividends of around 3% +.

Dublin got the 50K, 6 of the 10 1K’s, and 6 of the 10 500’s. Cork got a 1K, and 2 500’s. That left 3 1’s and 2 500’s for the rest of us. Between them they got 52% of the prizes and 60% of the prize money.

10 million newish bonds APB to APK won only 60 prizes this week, which is as low as I have seen. Last week the same bonds won 93 prizes, which is more like the average. The number of prizes per individual million in one draw ranges from 3 to 14. Over the course of two draws it is 13 to 21.

Nothing for me this week.

Week 5: 40k invested
Wins to date = 0