Newsbot Posted April 20, 2007 Share Posted April 20, 2007 Isle of Man becomes unluckiest place to live if you have Premium Bonds. Source : http://news.bbc.co.uk/go/rss/-/1/hi/world/...man/6576075.stm Link to comment Share on other sites More sharing options...
Pragmatopian Posted April 20, 2007 Share Posted April 20, 2007 Don't I know it Link to comment Share on other sites More sharing options...
Moghrey Mie Posted April 20, 2007 Share Posted April 20, 2007 Don't I know it I've won several times in the last 6 years but only small prizes i.e. £50 I understand that under the rules of chance each Premium Bond has an equal chance of winning in each draw. So I'm still optimistic and I promise to throw a party if I ever win a big prize! Link to comment Share on other sites More sharing options...
Pragmatopian Posted April 20, 2007 Share Posted April 20, 2007 I won 500 once, but my returns have definitely gone down in the last two years. Link to comment Share on other sites More sharing options...
manx-minx Posted April 22, 2007 Share Posted April 22, 2007 My son was bought some when he was born in 1990, and he won £50 a month ago! Link to comment Share on other sites More sharing options...
Albert Tatlock Posted April 22, 2007 Share Posted April 22, 2007 This is not news. It's like saying the UK has more lottery millionaires than the island. Of course it does, because 80,000 people live here and 60 million people live there - so the probability of the winning jackpot ticket being located in the UK each week is far higher. Duh! Jersey ranks 118th in the premium bond 'league' this year, yet was 18th last year, and the Isle of Man will be ranked differently next year. It's just a matter of probability over time - which means that there is still hope that even an infinite number of monkeys journalists, given an infinite number of years, might one day type one sensible story. I'd love to meet the person that writes these stories. Link to comment Share on other sites More sharing options...
Frances Posted April 22, 2007 Share Posted April 22, 2007 I presume the figures are normalised to the number of bonds held per postal district - however all it does is to demonstrate the mathematical truth that even with equal chance of winning , small groups of holders will show a greater variance in number of wins than larger groups (simple demo - consider case of a simgle manx held bond - most years 0 prizes but one year 100% of manx bonds win!) - as the group gets larger the expected variance in winners/year will decrease. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.