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Finances / Finanzen » uk.finance » best way to invest 30k
Re: best way to invest 30k [message #396058 ] Mi, 07 Juni 2006 09:52
tarquinlinbin  
On Tue, 6 Jun 2006 18:02:50 +0100, "Andy Pandy"
<spam8times [at] wonderful.spam.invalid> wrote:


>
>But the chance of winning a high value prize is miniscule with premium bonds. They
>are skewed towards the lower end.
>
>The chance of winning a big prize (£5000+) is 1 in 125 million per bond, and for the
>jackpot it's 1 in 15 billion.
But nevertheless,someone wins these prizes every month. Take a look
here..

http://www.nsandi.com/products/pb/winnerlist.jsp

The thing is,in a building society you would have ZERO chance which is
quite a lot worse than some chance!



Remove antispam and add 670 after bra to email
Re: best way to invest 30k [message #396060 ] Mi, 07 Juni 2006 10:13
MM  
On Wed, 07 Jun 2006 08:52:54 +0100, tarquinlinbin
<braantispam [at] hotmail.com> wrote:

>On Tue, 6 Jun 2006 18:02:50 +0100, "Andy Pandy"
><spam8times [at] wonderful.spam.invalid> wrote:
>
>
>>
>>But the chance of winning a high value prize is miniscule with premium bonds. They
>>are skewed towards the lower end.
>>
>>The chance of winning a big prize (£5000+) is 1 in 125 million per bond, and for the
>>jackpot it's 1 in 15 billion.
>But nevertheless,someone wins these prizes every month. Take a look
>here..
>
>http://www.nsandi.com/products/pb/winnerlist.jsp
>
>The thing is,in a building society you would have ZERO chance which is
>quite a lot worse than some chance!

But a BS pays interest. One knows from the outset that one is going to
receive it. With PBs, it's a bit of a lottery. Therefore, I don't
think it is wise to compare PBs with any other form of money hoarding
(saving). Even though you can can get your stake back, PBs are a
gamble and as such must be counted as a luxury leisure pursuit, like
going to the races, not as sensible financial planning.

MM
Re: best way to invest 30k [message #396065 ] Mi, 07 Juni 2006 11:07
Tim  
"Andy Pandy" wrote
> But the chance of winning a high value prize is miniscule with
> premium bonds. They are skewed towards the lower end.
>
> The chance of winning a big prize (£5000+) is 1 in 125
> million per bond, and for the jackpot it's 1 in 15 billion.

In that case, someone holding £30K of PB's has
30,000 chances in 15billion, or a 1 in 500,000
chance of winning the jackpot each month.

Let's compare that with the National Lottery :-
Each £1 ticket has a 1 in (about)14million chance
of winning the jackpot. So you'd need to buy
28 tickets each month, just to have the *same*
chance of winning the jackpot as with the PB's...
Re: best way to invest 30k [message #396066 ] Mi, 07 Juni 2006 11:07
Tim  
"Andy Pandy" wrote
> Over 96% of the prizes are £50's...

Only 82.5% of mine have been the £50!
[That's over more than three years.]

"Andy Pandy" wrote
> ... so you'd be extremely luck to get 3 £100's a year.
> The average would be one £100 every two years...

I've had 7(seven) £100's in a period of less than 18 months.
My best period of 12 months had 5(five)...
Re: best way to invest 30k [message #396067 ] Mi, 07 Juni 2006 11:05
Christian Konrad  
On Wed, 07 Jun 2006 09:13:50 +0100, MM <kylix_is [at] yahoo.co.uk> wrote:

>On Wed, 07 Jun 2006 08:52:54 +0100, tarquinlinbin
><braantispam [at] hotmail.com> wrote:
>
>>On Tue, 6 Jun 2006 18:02:50 +0100, "Andy Pandy"
>><spam8times [at] wonderful.spam.invalid> wrote:
>>
>>
>>>
>>>But the chance of winning a high value prize is miniscule with premium bonds. They
>>>are skewed towards the lower end.
>>>
>>>The chance of winning a big prize (£5000+) is 1 in 125 million per bond, and for the
>>>jackpot it's 1 in 15 billion.
>>But nevertheless,someone wins these prizes every month.

Oh dear, the gamblers mentality.

>>The thing is,in a building society you would have ZERO chance which is
>>quite a lot worse than some chance!

Why do you think an 0.000000008 and 0.00000000007 is a lot worse that
zero ?

At odds as bad as that you'd need to invest £260,000 to have the
probability of 1 prize above £5,000 and £31,250,000 to have the
probability of a big prize over a 40 year timespan.

>But a BS pays interest. One knows from the outset that one is going to
>receive it. With PBs, it's a bit of a lottery. Therefore, I don't
>think it is wise to compare PBs with any other form of money hoarding
>(saving). Even though you can can get your stake back, PBs are a
>gamble and as such must be counted as a luxury leisure pursuit, like
>going to the races, not as sensible financial planning.

It should be measured against the stockmarket. Which has returned 5.2%
above inflation over the last 100 years. The max PB investment of
£30,000 would be worth £700,000 over the same 40 year period (with
inflation at 3%).

People investing in PBs are effectively giving up that kind of return
for odds of 0.000000008 and 0.00000000007.

Daytona
Re: best way to invest 30k [message #396109 ] Mi, 07 Juni 2006 19:43
Andy Pandy  
"Tim" <me [at] home.uk> wrote in message news:zJadnSBe3uYcChvZRVnyhw [at] bt.com...
> "Andy Pandy" wrote
> > Over 96% of the prizes are £50's...
>
> Only 82.5% of mine have been the £50!
> [That's over more than three years.]
>
> "Andy Pandy" wrote
> > ... so you'd be extremely luck to get 3 £100's a year.
> > The average would be one £100 every two years...
>
> I've had 7(seven) £100's in a period of less than 18 months.
> My best period of 12 months had 5(five)...

ISTR they've skewed the fund more towards £50's, and away from all higher prizes, so
they can improve the odds of a win. I think it used to be 1 in 28,000 or 30,000, it's
now 1 in 24,000.

The details are here:

http://www.nsandi.com/products/pb/rates.jsp

There are 1,289,364 prizes in total, of which 41,882 are £100's. The chance of
winning a prize is 1 in 24,000, so I'm sure a man of your mathematical ability can
work out the current odds of winning 5+ £100's a year with a £30,000 investment.

--
Andy
Re: best way to invest 30k [message #396110 ] Mi, 07 Juni 2006 19:58
Andy Pandy  
"Tim" <me [at] home.uk> wrote in message news:2q2dnZmbStPoChvZRVnyug [at] bt.com...
> > But the chance of winning a high value prize is miniscule with
> > premium bonds. They are skewed towards the lower end.
> >
> > The chance of winning a big prize (£5000+) is 1 in 125
> > million per bond, and for the jackpot it's 1 in 15 billion.
>
> In that case, someone holding £30K of PB's has
> 30,000 chances in 15billion, or a 1 in 500,000
> chance of winning the jackpot each month.

Yup.

> Let's compare that with the National Lottery :-
> Each £1 ticket has a 1 in (about)14million chance
> of winning the jackpot. So you'd need to buy
> 28 tickets each month, just to have the *same*
> chance of winning the jackpot as with the PB's...

Indeed. So if your £30,000 was instead invested in a savings account paying 3%
interest net, you'd get £75 a month interest. If you spent that on lottery tickets
you'd have almost treble the chance of winning the jackpot, which on average is much
more than a mere £1 million (it was £18 million last Saturday!). So if you're after
a big prize - you're much better off with the lottery.

--
Andy
Re: best way to invest 30k [message #396111 ] Mi, 07 Juni 2006 20:08
Andy Pandy  
"tarquinlinbin" <braantispam [at] hotmail.com> wrote in message
news:lc1d82pkpj4b4njjbn5q99ustlid412lav [at] 4ax.com...
> >But the chance of winning a high value prize is miniscule with premium bonds. They
> >are skewed towards the lower end.
> >
> >The chance of winning a big prize (£5000+) is 1 in 125 million per bond, and for
the
> >jackpot it's 1 in 15 billion.
> But nevertheless,someone wins these prizes every month. Take a look
> here..
>
> http://www.nsandi.com/products/pb/winnerlist.jsp
>
> The thing is,in a building society you would have ZERO chance which is
> quite a lot worse than some chance!

Nope!

I won a "big prize" through investing in the Leeds before they merged with the
Halifax and floated. I think I got about £6000 in shares. The chances of the
remaining building societies floating may be remote, but far less remote than winning
a big prize on the PB's.

--
Andy
Re: best way to invest 30k [message #396116 ] Mi, 07 Juni 2006 22:29
alan.frame  
Andy Pandy <spam8times [at] wonderful.spam.invalid> wrote:

[]
> Indeed. So if your £30,000 was instead invested in a savings account
> paying 3% interest net, you'd get £75 a month interest. If you spent that
> on lottery tickets you'd have almost treble the chance of winning the
> jackpot, which on average is much more than a mere £1 million (it was £18
> million last Saturday!). So if you're after a big prize - you're much
> better off with the lottery.

Interesting point.

I've said it before, and I'll say it again: IMO PBs are a good home for
the '100% secure emergency roof repair' part of one's portfolio.

For 30K over, say, a five-year timescale, I'd stick maybe 2K in PBs i.e
an amount large enough to be usefull if you want it back, but not so big
that you're gambling /all/ your possible returns.

rgds, Alan
--
99 Ducati 748BP, 95 Ducati 600SS, 81 Guzzi Monza, 74 MV Agusta 350
"Ride to Work, Work to Ride" SI# 7.067 DoD#1930 PGP Key 0xBDED56C5
Re: best way to invest 30k [message #396132 ] Do, 08 Juni 2006 11:26
Tim  
> > "Andy Pandy" wrote
> > > But the chance of winning a high value prize is miniscule with
> > > premium bonds. They are skewed towards the lower end.
> > >
> > > The chance of winning a big prize (£5000+) is 1 in 125
> > > million per bond, and for the jackpot it's 1 in 15 billion.
> >
> "Tim" wrote
> > In that case, someone holding £30K of PB's has
> > 30,000 chances in 15billion, or a 1 in 500,000
> > chance of winning the jackpot each month.
> ...
> > Let's compare that with the National Lottery :-
> > Each £1 ticket has a 1 in (about)14million chance
> > of winning the jackpot. So you'd need to buy
> > 28 tickets each month, just to have the *same*
> > chance of winning the jackpot as with the PB's...
>
"Andy Pandy" wrote
> Indeed. So if your £30,000 was instead invested in a
> savings account paying 3% interest net, you'd get £75 a
> month interest. If you spent that on lottery tickets you'd
> have almost treble the chance of winning the jackpot, ...

Exactly! I was picking up on your comment that
"the chance of winning a high value prize is miniscule
with premium bonds". It is the same for the Lottery!
Don't forget, we are comparing a chance
of 0.000002 with a chance of 0.000005.

They are *both* "miniscule"!!

"Andy Pandy" wrote
> ... which on average is much more than a mere
> £1 million (it was £18 million last Saturday!).

Ah, but (excluding rollovers), when the jackpot is, say £6M,
then you'd expect on average three winners sharing and
getting £2M each. The average expected jackpot prize is
always £2M - which is only twice as much as for PB's.

And bearing in mind that people often play the Lottery
in syndicates, which they don't use to invest in PB's, the
average jackpot payout is even lower for the Lottery!
Re: best way to invest 30k [message #396133 ] Do, 08 Juni 2006 11:26
Tim  
> > "Andy Pandy" wrote
> > > Over 96% of the prizes are £50's...
> >
> "Tim" wrote
> > Only 82.5% of mine have been the £50!
> > [That's over more than three years.]
> >
> > "Andy Pandy" wrote
> > > ... so you'd be extremely luck to get 3 £100's a year.
> > > The average would be one £100 every two years...
> >
> "Tim" wrote
> > I've had 7(seven) £100's in a period of less than 18 months.
> > My best period of 12 months had 5(five)...
>
"Andy Pandy" wrote
> ISTR they've skewed the fund more towards £50's, and away
> from all higher prizes, so they can improve the odds of a win. I
> think it used to be 1 in 28,000 or 30,000, it's now 1 in 24,000.

I know - but the period I mentioned above was *after* the change!
Re: best way to invest 30k [message #396167 ] Do, 08 Juni 2006 17:12
Andy Pandy  
"Tim" <me [at] home.uk> wrote in message news:KIudnX89dqjvcBrZRVny2Q [at] bt.com...
> > Indeed. So if your £30,000 was instead invested in a
> > savings account paying 3% interest net, you'd get £75 a
> > month interest. If you spent that on lottery tickets you'd
> > have almost treble the chance of winning the jackpot, ...
>
> Exactly! I was picking up on your comment that
> "the chance of winning a high value prize is miniscule
> with premium bonds". It is the same for the Lottery!
> Don't forget, we are comparing a chance
> of 0.000002 with a chance of 0.000005.
>
> They are *both* "miniscule"!!

Well, yes.

> "Andy Pandy" wrote
> > ... which on average is much more than a mere
> > £1 million (it was £18 million last Saturday!).
>
> Ah, but (excluding rollovers), when the jackpot is, say £6M,
> then you'd expect on average three winners sharing and
> getting £2M each. The average expected jackpot prize is
> always £2M - which is only twice as much as for PB's.

Why exclude rollovers? The only relevant factors are the chances of winning and the
size of the (shared) jackpot.

> And bearing in mind that people often play the Lottery
> in syndicates, which they don't use to invest in PB's, the
> average jackpot payout is even lower for the Lottery!

Well obviously, but then the chance of winning is higher, in exact proportion to the
lower prize.

--
Andy
Re: best way to invest 30k [message #396169 ] Do, 08 Juni 2006 17:14
Andy Pandy  
"Tim" <me [at] home.uk> wrote in message news:zvWdndiKqvblcBrZnZ2dnUVZ8qednZ2d [at] bt.com...
> > > "Andy Pandy" wrote
> > > > Over 96% of the prizes are £50's...
> > >
> > "Tim" wrote
> > > Only 82.5% of mine have been the £50!
> > > [That's over more than three years.]
> > >
> > > "Andy Pandy" wrote
> > > > ... so you'd be extremely luck to get 3 £100's a year.
> > > > The average would be one £100 every two years...
> > >
> > "Tim" wrote
> > > I've had 7(seven) £100's in a period of less than 18 months.
> > > My best period of 12 months had 5(five)...
> >
> "Andy Pandy" wrote
> > ISTR they've skewed the fund more towards £50's, and away
> > from all higher prizes, so they can improve the odds of a win. I
> > think it used to be 1 in 28,000 or 30,000, it's now 1 in 24,000.
>
> I know - but the period I mentioned above was *after* the change!

So you've either been very lucky or very selective with your chosen periods. I'm sure
you're capable of working out the odds.

--
Andy
Re: best way to invest 30k [message #396175 ] Do, 08 Juni 2006 17:44
Tim  
> > "Andy Pandy" wrote
> > > Indeed. So if your £30,000 was instead invested in a
> > > savings account paying 3% interest net, you'd get £75 a
> > > month interest. If you spent that on lottery tickets you'd
> > > have almost treble the chance of winning the jackpot, ...
> >
> "Tim" wrote
> > Exactly! I was picking up on your comment that
> > "the chance of winning a high value prize is miniscule
> > with premium bonds". It is the same for the Lottery!
> > Don't forget, we are comparing a chance
> > of 0.000002 with a chance of 0.000005.
> >
> > They are *both* "miniscule"!!
>
"Andy Pandy" wrote
> Well, yes.

Glad you agree.

> > "Andy Pandy" wrote
> > > ... which on average is much more than a mere
> > > £1 million (it was £18 million last Saturday!).
> >
> "Tim" wrote
> > Ah, but (excluding rollovers), when the jackpot is, say £6M,
> > then you'd expect on average three winners sharing and
> > getting £2M each. The average expected jackpot prize is
> > always £2M - which is only twice as much as for PB's.
>
"Andy Pandy" wrote
> Why exclude rollovers? The only relevant factors are the
> chances of winning and the size of the (shared) jackpot.

Yes, but you need to average over time:-

When there isn't a jackpot winner (so it rolls over), then
the chance of you being "one of the winners" is *zero*.

When it was a rollover, and the winners share more
than £2M each, then this simply counter-acts the
lower-than-average "chance of winning, times jackpot size"
of the earlier draw (which was zero, see above).

> "Tim" wrote
> > And bearing in mind that people often play the Lottery
> > in syndicates, which they don't use to invest in PB's, the
> > average jackpot payout is even lower for the Lottery!
>

"Andy Pandy" wrote
> Well obviously, but then the chance of winning
> is higher, in exact proportion to the lower prize.

A bit like "more prizes, but lower" in PB's? ;-)
Re: best way to invest 30k [message #396178 ] Do, 08 Juni 2006 18:11
Andy Pandy  
"Tim" <me [at] home.uk> wrote in message news:9tudnUdFwK2V2xXZnZ2dnUVZ8sidnZ2d [at] bt.com...
> > > "Andy Pandy" wrote
> > > > Indeed. So if your £30,000 was instead invested in a
> > > > savings account paying 3% interest net, you'd get £75 a
> > > > month interest. If you spent that on lottery tickets you'd
> > > > have almost treble the chance of winning the jackpot, ...
> > >
> > "Tim" wrote
> > > Exactly! I was picking up on your comment that
> > > "the chance of winning a high value prize is miniscule
> > > with premium bonds". It is the same for the Lottery!
> > > Don't forget, we are comparing a chance
> > > of 0.000002 with a chance of 0.000005.
> > >
> > > They are *both* "miniscule"!!
> >
> "Andy Pandy" wrote
> > Well, yes.
>
> Glad you agree.

Nevertheless, if you're going to ignore multiplicative effects on "miniscule"
amounts, then you may as well argue than investing £1 in PB's is as worthwhile as
£30,000.

> > > "Andy Pandy" wrote
> > > > ... which on average is much more than a mere
> > > > £1 million (it was £18 million last Saturday!).
> > >
> > "Tim" wrote
> > > Ah, but (excluding rollovers), when the jackpot is, say £6M,
> > > then you'd expect on average three winners sharing and
> > > getting £2M each. The average expected jackpot prize is
> > > always £2M - which is only twice as much as for PB's.
> >
> "Andy Pandy" wrote
> > Why exclude rollovers? The only relevant factors are the
> > chances of winning and the size of the (shared) jackpot.
>
> Yes, but you need to average over time:-
>
> When there isn't a jackpot winner (so it rolls over), then
> the chance of you being "one of the winners" is *zero*.

Eh? You're suffering a logic failing - you're chance of winning was 1 in 14 million
per ticket. The fact that nobody ended up winning doesn't change that.

If you're going to look back in hindsight and say "nobody won so your chance was
zero", you may as well say "my numbers didn't come up so my chance was zero".

> When it was a rollover, and the winners share more
> than £2M each, then this simply counter-acts the
> lower-than-average "chance of winning, times jackpot size"
> of the earlier draw (which was zero, see above).

But using your logic above, the more people who win the better your odds - so if lots
of people win your odds were better than 1 in 14 million!

> > "Tim" wrote
> > > And bearing in mind that people often play the Lottery
> > > in syndicates, which they don't use to invest in PB's, the
> > > average jackpot payout is even lower for the Lottery!
> >
>
> "Andy Pandy" wrote
> > Well obviously, but then the chance of winning
> > is higher, in exact proportion to the lower prize.
>
> A bit like "more prizes, but lower" in PB's? ;-)

Sort of - although it's still likely to be skewed towards higher end prizes even in a
syndicate.

--
Andy
Re: best way to invest 30k [message #396186 ] Do, 08 Juni 2006 19:27
Tim  
> > > > "Andy Pandy" wrote
> > > > > Indeed. So if your £30,000 was instead invested in a
> > > > > savings account paying 3% interest net, you'd get £75 a
> > > > > month interest. If you spent that on lottery tickets you'd
> > > > > have almost treble the chance of winning the jackpot, ...
> > > >
> > > "Tim" wrote
> > > > Exactly! I was picking up on your comment that
> > > > "the chance of winning a high value prize is miniscule
> > > > with premium bonds". It is the same for the Lottery!
> > > > Don't forget, we are comparing a chance
> > > > of 0.000002 with a chance of 0.000005.
> > > >
> > > > They are *both* "miniscule"!!
> > >
> > "Andy Pandy" wrote
> > > Well, yes.
> >
> "Tim" wrote
> > Glad you agree.
>
"Andy Pandy" wrote
> Nevertheless, if you're going to ignore multiplicative
> effects on "miniscule" amounts, then you may as well argue
> than investing £1 in PB's is as worthwhile as £30,000.

Well, ignoring the minimum allowed investment
in PB's, who says it isn't as worthwhile?

Altho', the probability distribution will be
very different from the £30K holding scenario.

> > > "Tim" wrote
> > > > And bearing in mind that people often play the Lottery
> > > > in syndicates, which they don't use to invest in PB's, the
> > > > average jackpot payout is even lower for the Lottery!
> > >
> >
> > "Andy Pandy" wrote
> > > Well obviously, but then the chance of winning
> > > is higher, in exact proportion to the lower prize.
> >
> "Tim" wrote
> > A bit like "more prizes, but lower" in PB's? ;-)
>
"Andy Pandy" wrote
> Sort of - although it's still likely to be skewed
> towards higher end prizes even in a syndicate.

Not if the syndicate has three or more people in it!
With a three-person syndicate, that "nearly treble chance"
becomes "just under the same chance"...
Re: best way to invest 30k [message #396189 ] Do, 08 Juni 2006 20:06
Andy Pandy  
"Tim" <me [at] home.uk> wrote in message news:0MqdnWCzI9aqwxXZRVnyjQ [at] bt.com...
> > > > > And bearing in mind that people often play the Lottery
> > > > > in syndicates, which they don't use to invest in PB's, the
> > > > > average jackpot payout is even lower for the Lottery!
> > > >
> > >
> > > "Andy Pandy" wrote
> > > > Well obviously, but then the chance of winning
> > > > is higher, in exact proportion to the lower prize.
> > >
> > "Tim" wrote
> > > A bit like "more prizes, but lower" in PB's? ;-)
> >
> "Andy Pandy" wrote
> > Sort of - although it's still likely to be skewed
> > towards higher end prizes even in a syndicate.
>
> Not if the syndicate has three or more people in it!
> With a three-person syndicate, that "nearly treble chance"
> becomes "just under the same chance"...

Eh? Are you feeling alright today? Have you been in the sun too long ;-)

With a 3 person syndicate the "nearly treble chance" becomes a nine-fold chance. For
every £1 you get 3 entries. The winnings are smaller, the odds of winning are
greater.

--
Andy
Re: best way to invest 30k [message #396222 ] Fr, 09 Juni 2006 10:40
Tim  
> > > > "Andy Pandy" wrote
> > > > > ... on lottery tickets ... the jackpot, which
> > > > > on average is much more than a mere
> > > > > £1 million (it was £18 million last Saturday!).
> > > >
> > > "Tim" wrote
> > > > Ah, but (excluding rollovers), when the jackpot is, say £6M,
> > > > then you'd expect on average three winners sharing and
> > > > getting £2M each. The average expected jackpot prize is
> > > > always £2M - which is only twice as much as for PB's.
> > >
> > "Andy Pandy" wrote
> > > Why exclude rollovers? The only relevant factors are the
> > > chances of winning and the size of the (shared) jackpot.
>
> "Tim" wrote
> > Yes, but you need to average over time:-
> >
> > When there isn't a jackpot winner (so it rolls over), then
> > the chance of you being "one of the winners" is *zero*.
>
"Andy Pandy" wrote
> Eh? You're suffering a logic failing - you're chance
> of winning was 1 in 14 million per ticket. The fact
> that nobody ended up winning doesn't change that.
>
> If you're going to look back in hindsight and say "nobody
> won so your chance was zero", you may as well say
> "my numbers didn't come up so my chance was zero".
>
> "Tim" wrote
> > When it was a rollover, and the winners share more
> > than £2M each, then this simply counter-acts the
> > lower-than-average "chance of winning, times jackpot size"
> > of the earlier draw (which was zero, see above).
>
"Andy Pandy" wrote
> But using your logic above, the more people who
> win the better your odds - so if lots of people
> win your odds were better than 1 in 14 million!

Perhaps I didn't explain myself very well. Let me try again...

The main point is that the expected average
jackpot win is (only) £2M per winner.

This is true whether-or-not you consider rollovers
-- I just thought it might be easier to think about a
single draw that wasn't rolled-over (into or out of).

But over the fullness of time, for each 14 Billion tickets
sold we expect an average of 1,000 jackpot winners
sharing a total jackpot of £2Billion (£2M each).

Those 1,000 winners probably won't be evenly spread
over the weeks -- some draws may have no winner
(creating a rollover) and others will have more than one.
But the average over time will still be £2M per winner,
because those draws with no winner "counter-act"
those with many, and those draws with jackpots not
won "counter-act" with winners of rollover amounts.

Summary:
There is £2Billion to be spread amongst 1,000
jackpot winners, so the average is £2M each.
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