A 'risk-free' lottery

Reply #4

BobP — Mon, 03 Jul 2006 04:13:07 GMT

You'll find more about the UK bond lotto here . . .

http://www.lotto-logix.com/txthouse/ukbondlot.html

There used to be ads in Lottery Player's magazine where you'd pay to learn about a lottery you can play for as long as you like and then get your money back. Most people give up interest for years to win a tiny prize. BobP

Reply #3

Rip Snorter — Sun, 02 Jul 2006 20:37:17 GMT

I wonder if any of the states have ever considered trying something of this sort in the US.

I think a lot of younger people might find it appealing.

J

Reply #2

Rip Snorter — Sun, 02 Jul 2006 15:48:39 GMT

Really cool idea.

Beats Social Security all to pieces in too many ways to count.

J

Q A: Are Premium Bonds worth it?

Sales of Premium Bonds continue apace. So are they really Britain's best kept secret , as National Savings likes to describe them? What are premium bonds?

Premium Bonds were introduced in 1956, when the government tried to encourage ordinary wage earners to save by running a 'risk-free' lottery.

Now 23 million people in the UK own at least one... [ More ]

Reply #1

pumpi76 — Sun, 02 Jul 2006 07:24:02 GMT

Thank you very much goldrush, you indeed gave me gold. Of course that bonds lottery can always be bettered. There are ways to make the Perfect one...I think what counts is the percentage of winners compared to losers...

When you say: Risk-free lottery, you mean Interest free kind of risk or an easy lottery, with no tax, very low odds, etc? I don't get that part..

...Oh Stanley: good Job.. .... from movie Swordfish ...

A 'risk-free' lottery

goldrush — Sun, 02 Jul 2006 03:47:38 GMT

Sales of Premium Bonds continue apace. So are they really Britain's best kept secret , as National Savings likes to describe them?

What are premium bonds?

Premium Bonds were introduced in 1956, when the government tried to encourage ordinary wage earners to save by running a 'risk-free' lottery.

Now 23 million people in the UK own at least one premium bond.

http://news.bbc.co.uk/2/hi/business/2779179.stm