What is the difference between prize bonds and lotteries?

[Ben Kempton]

Gambling is prohibited in my country and it is not legally allowed by the government. However, there are many people who do try to invest money in prize bonds. I have always been curious about the exact nature of prize bonds all the time. Are prize bonds actually just like lotteries? What is the main difference between the two? What I do know is the fact that prize bonds are actually issued by the government.

 

[James108]

Prize bonds are issued by the government and are guaranteed to pay out a certain amount of money, regardless of whether or not you win. In contrast, lotteries are run by private companies and there is no guarantee that you will win any money.

 

[Qwert135]

Definitely in my country for prize bonds you are to get 90% of the cost of buying a bond actually most of the times but in lottery either you win a prize or you get nothing back actually to be honest indeed in my opinion.

 

[swift]

Prize bonds are issued by the government and are guaranteed to pay out a certain amount of money, regardless of whether or not you win. In contrast, lotteries are run by private companies and there is no guarantee that you will win any money.

I think is important to note that prize bonds are often seen as a safer and more reliable investment option than lotteries since there is a guaranteed payout. However, the chances of winning a large amount of money with prize bonds

 

[Qwert135]

Yes indeed you are right in my opinion the loss in prize bonds is less and there are winning chances and in lottery the loss can be big so both options are there and it depends on personal choice what you like actuallly indeed.