Premium Bonds Reviews

Conspiracy Theories About Premium Bonds

Conspiracy Theories About Premium Bonds

As with most things that are concerned with the government, conspiracy theories are generated to prove or contradict unfairness between two parties or plots to hurt the population. Premium bonds are not isolated from these kinds of attacks. Conspiracy theorists have accused the National Savings and Investments agency of defrauding the public and being bias in the way they hand out the prizes and pick out the numbers of the bonds. These conspiracy theories are meant to indignant the agency and they are being reported in blogs and other methods to bring the idea of premium bonds to a halt.

The National Savings and Investment agency has issued statements that debunk these theories and preserve their integrity. Their number generating appliance, 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 drastically untrue; the machine is totally random and does not have the capacity to know word.

Psychologists have made the assumption that even the employees of the National Savings and Invest agency does not smooth 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 trophies 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 individual the maximum rate in the system will inaugurate 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. Being with any raffle system, the more people that play and save, the more people will escape.

The nice thing is larger prizes and more money can be put note the system where people who win will make a larger profit. By doing the simple math, most of these theories are debunking themselves.