Hostname: page-component-5c6d5d7d68-ckgrl Total loading time: 0 Render date: 2024-08-24T00:20:52.259Z Has data issue: false hasContentIssue false
  • English
  • Français

Calculating probabilities for Premium Bonds winnings

Published online by Cambridge University Press:  01 August 2016

David Hopkins
David Hopkins*
Affiliation:
38 Lausanne Road, London N8 0HN
Get access Rights & Permissions [Opens in a new window]

Extract

A correspondent raised a question concerning Premium Bonds. (See page 459 of the November 1992 Gazette.) He had held 10,000 bonds for 2 years without winning a single prize and wondered how likely this was. In this note, I will describe a simple method for calculating the probabilities of winning. I will also look at the effects of some recent changes in the Premium Bond rules.

Type
Research Article
Information
The Mathematical Gazette , Volume 78 , Issue 482 , July 1994 , pp. 149 - 156
Copyright
Copyright © The Mathematical Association 1994

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)