Conspiracy Theories About Premium Bonds
The National Savings and Investment agency has issued statements that debunk these theories and preserve their integrity. Their number generating machine, ERNIE, creates random numbers that correspond with the numbers on the bonds. Large drawings are held each month and some people believe that the number generating is fixed. One of the most bizarre theories is that some people believe that ERNIE is a super computer that knows how a person thinks. People have even sent ERNIE Christmas and Valentine Day cards to the computer in hopes that it will sway its picks. This is totally untrue; the machine is totally random and does not have the capacity to know anything.
Psychologists have made the assumption that even the employees of the National Savings and Invest agency does not even know how the numbers are picked by ERNIE. The people that make the theories have a intrinsic need to know how a process works and when they do not know, they will come up with ideas that make them feel more comforted. Ironically, most of the conspiracy theories come from people who have never won any of the cash prizes and they feel that they are not in control of the situation.
The maximum holding for premium bonds is thirty thousand pounds. A theory exists that only the maximum amount in the system will generate winners for those people only. If you do the statistics thirty thousand pounds has a better chance of winning than if you have just two or three thousand pounds invested in bonds. Again people with the lower amount of money invested are perpetrating the theory. With over a third of the population of Great Britain investing the premium bonds system, so people may never win a cash prize nor see their investment grow.
There is a theory that only new premium bonds are winning. This may be true. Though the program has been going on for decades, there has been a surge of new buying since the one million pound prize was introduced. Again the numbers come into play, the more that people play, the less chance you will win a cash prize. As with any lottery system, the more people that play and save, the more people will lose.
The good thing is larger prizes and more money can be put into the system where people who win will make a larger profit. By doing the simple math, most of these theories are debunking themselves.
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Bond Articles
Are Premium Bonds Worth It?Bizarre Facts About Premium Bonds
Can NonBritish Investors Purchase Premium Bonds?
Conspiracy Theories About Premium Bonds
Facts About Premium Bonds
Fun Facts And Myths About Premium Bonds
How To Claim Your Premium Bonds Winning
If American Adopted The Premium Bonds Program
Premium Bond And ERNIE
Premium Bonds Have Come Under Fire From Various Groups
Premium Bonds Is Not Considered Gambling By Most
Premium Bonds Or Savings Accounts The Choice Is Yours
Premium Bonds The Best Saving Practice For The British Citizen
Premium Bonds And Islamic Law
Premium Bonds And The Difference Between NSI And Banks
Premium Bonds And The Northern Ireland Widow
Premium Bonds And The Odds Calculator
Premium Bonds And The Unluckiest Man In Great Britain
Randomness In The Premium Bonds Market
Success Stories About Premium Bonds
The Difference Between British And Canadian Premium Bonds
The NS&I And Premium Bonds
The Premium Bonds Program Hits A Milestone In Financial History.
What Is A Premium Bond?
Why Is It Smart To Invest In Premium Bonds?
Bond Articles How To Claim Your Premium Bonds Winning Premium bonds are a great way to save money and at the same.. Premium Bonds And The Difference Between NSI And Banks When looking for investments such as premium bonds, you might be.. What Is A Premium Bond? The United Kingdom has a unique way to insure bonds that is very different.. If American Adopted The Premium Bonds Program The British have found a unique way to invest their money... |
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