Premium Bonds - If you post to say how much you've won, please also say how much you have invested.

[Mercenary Keyboard Warrior]

The 1990's were the hayday -Not half as many people buying them so odds were much better.

Thats not how they work.
The "odds" are based on a notional interest rate. That notional interest rate was higher in the 1990s as the base rate was higher.
This is why more people are suddenly winning compared to a couple of years ago.

The larger the number of bonds held the higher the pot of winnings, whatever the rate, ie if the number of eligible bonds double next month, the pot would also double.

Over the years they have also changed the distribution, more lower value vs more high value etc.

 

[200sols]

From NS&I myths.

Myth 5: The more people that buy Bonds, the more my chances of winning are reduced​

Not at all. The prize fund for each draw is a month’s interest on all eligible Bonds in the draw, so the more Bonds we sell, the bigger the prize fund.

 

[DXP55]

Oh well we live and learn.