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Martin Lewis issued a warning on TV licence rules on Thursday night, as their price will rise come April 2021. TV licences will cost £159 from April but Martin urged consumers to ask themselves do you need to pay it? .
| UPDATED: 07:42, Fri, Jan 15, 2021
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Martin Lewis has recently issued important guidance for the self-employed as an application deadline is quickly approaching. A third set of payments will soon be paid out and more will be forthcoming by the spring but recently on This Morning, Martin was queried on what he expects beyond this.
The key is what d someone with average luck win?
On the topic of winning prizes, Martin went on to examine the likelihood of success: Imagine everyone with the same number of bonds lined up in order of winnings - the one in the middle defines average luck (in maths, the median average). It s complex to work out exactly, so years ago I had our Premium Bond Probability Calc built. It uses multinomial probability to show your odds (I had to get a post-doctoral cosmology statistician to design it). It shows, currently with AVERAGE LUCK OVER A YEAR:
£100 of bonds wins NOWT - in fact, 29 in 30 with £100 win nothing.