"John Rumm" wrote in message
o.uk...
On 05/06/2021 16:22, Andy Bennet wrote:
On 05/06/2021 15:56, Peter Johnson wrote:
On Sat, 5 Jun 2021 12:52:58 +0100, "Jim GM4DHJ ..."
wrote:

Well that is five £25 wins in five months since I started...is this
normal ?

Depends how big your holding is, I'd say,

agreed

and how recently it was
purchased.

Nope


Recent purchases win more often than older ones because
there are more of them, so a large holding purchased in the last 12
months will produce more winners than a similarly large holding
purchased, say, five or ten years ago.

Complete garbage. Each bond has exactly the same probability of winning
regardless of when it was purchased.

I suspect the logic is that it has the same chance of winning as any other
bond. However as the total number of bonds issued increases, the chances
of any bond winning gets smaller. e.g. if you bought 10K bonds when there
were 10M issued, you would be more likely to win than if you bought 10K
when there were 100M issued.

No

because the prize fund will be 10 times bigger

(I presume they adjust the payout from time to time to accommodate that
and the fluctuating returns they get investing the money)


well of course

the increase due to there being more bonds bought (and thus money invested)
is automatic

changes due to changes in underling interest rates is done less often