Remember a few years back when the National Lottery ran adverts that said, “It could be YOU”? Well, I bet that it was not YOU, and that YOU have not been singled out by the Lottery’s finger of fate.

Want to know why? It is because the chances of YOU winning the Lottery are many times higher than the chances of YOU not winning the Lottery.

Of course, you know this, and hearing it again is only upsetting YOU all the more. But we are here to help not to hurt, and before you rush out buy a few dozen comforting scratchcards, read on. If you want to gamble, take a look at Premium Bonds.

“Every month Premium Bonds give you the opportunity to win £1 million - tax-free. Or one of hundreds of thousands of other prizes, from £50 to £100,000,” says the bunff on the National Savings And Investments website, the body responsible for Premium Bonds.

That sounds good, very good. And people do indeed win large and small every month. But the real winner is the fact that you can win and win again with the same number.

Your investment is safe. Once you have bought the bonds, you can cash them in whenever you like, or simply let them ride. And if you invest the maximum £20,000, you can expect to earn an estimated 2.4 % a year through your winnings.

In other words, you can expect to get something back for your punt.

The downside is that the minimum investment is £100, which is one hundred goes on the National Lottery. But with Premium Bonds there is no risk to your capital.

Premium Bonds will erode in value as inflation rises, and other investments will hold their value better. But few other bets offer you the chance to be an instant millionaire once a month.

Via [National Savings & Investments]

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