WWhy we don't crack
AFR·Released Jul 23, 2021·12 packs / box · 15 cards / pack·Prices refreshes every 6 hours

Adventures in the Forgotten Realms

Verdict
Money pit
Box price (TCG low)
$299
$24.91 / pack
Expected value
$143
$11.94 / pack
Net EV per box
−$156
Return on a box
−52.1%
Chance to break even
1.1%
Boxes for 95% one win
273
to break even once
Old Gnawbone

Chase card spotlight

Old Gnawbone

Borderless

Single price
$98.06
Share of box EV
20.4%
Pull any copy
1 in 4 (25.8% / box)
Coin-flip chase
2 boxes ($598)

Chasing Old Gnawbone by cracking boxes means spending about $598for a 50/50 shot — vs $98.06 to buy the single. Keep it sealed; buy the card.

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Chase pull rates

Expected cards per box and the odds of pulling at least one, by Booster Fun treatment. “1 in N” is per box, not a percentage.

TreatmentExpected / boxP(≥1 / box)1 in N boxes
Standard96.00 cards100.0%Every time
Showcase46.63 cards100.0%Every time
Extended art30.38 cards100.0%Every time
Borderless6.99 cards99.9%1 in 2

Your store's price

TCGplayer low isn't what everyone pays. Plug in what your LGS or an online seller actually charges.

$
At this price
Keep sealed
Return if cracked
−52%
Net EV per box
−$156
Chance to break even
1%

What you actually get

Most boxes land well below the average. Chase cards pull the mean up — your typical box is the median, not the EV.

$299Box price
$86.44Floor (10%)
$132Typical
$143Average (EV)
$216Lucky (90%)
Floor (10%)
$86.44
Typical
$132
Average (EV)
$143
Lucky (90%)
$216

The average box ($143) is $11.21 above a typical box ($132) — 8%of the EV comes from above-median outcomes you probably won't see.

Pack vs box economics

Should you buy a sealed box or individual packs? EV per pack is the same either way; the question is what you pay per pack.

Box price
$299
Standalone pack listing
$34.95
Implied pack (box / packs)
$24.91
EV per pack
$11.94
$143 / box
Return opening box
−52%
Return buying packs at listing
−66%

The box is the better deal per pack ($24.91 vs $34.95 listing). Still a losing bet on average at −52% return.

Theoretical vs simulated

Closed-form math from collation weights (zero sampling noise) compared to 25,000 Monte Carlo box openings.

StatisticTheoreticalSimulated
Expected value$143$143(+$0.06)
Variance28372802(-1.2%)
Std deviation$53.26$52.93

Buy the single instead?

Compare chasing a card by opening boxes vs buying it outright at today's price.

Single price
$98.06
Pull any copy
1 in 4 (25.8% / box)
Boxes for 50% chance
2
Cost of those boxes
$598
Boxes for 95% chance
9
Cost at 95%
$2,690

You'd spend about $598 opening boxes for a coin-flip at Old Gnawbone, vs $98.06 to buy it now.

Box value distribution

25,000 simulated boxes
profit zone
Box $299
EV $143
Median $132
$0$80$160$240$320$400$480

Distribution of total card value per box across 24-bucket Monte Carlo simulation. Bars right of the box price are profitable openings.

The odds

P(box ≥ box price)
1.1%
P(box ≥ expected value)
42.0%
Typical box (median)
$132
Average box (EV)
$143
Unlucky box (10th pct)
$86.44
Lucky box (90th pct)
$216
God box (99th pct)
$303

Roughly 1% of boxes return more than the $299 you paid. You'd need to open about 273 boxes (~$81,608) for a 95% chance that even one of them breaks even. A typical box (median $132) is $11.21 below the $143 average - most of the EV lives in chase cards you probably won't pull.

Where a box's value comes from

Expected contribution of each booster slot to the $143 box EV. Cards valued under $0.25are treated as $0 bulk, since penny commons and foils can't realistically be sold at their listed price.

Extended Commander Rare/Mythic
$35.3125%
Foil Rare/Mythic Alt Artfoil
$33.8024%
Rare/Mythic Showcase
$30.1921%
Foil Rare/Mythicfoil
$21.1715%
Extended Core Rare/Mythic
$16.2811%
Foil Uncommonfoil
$3.302%
Foil Commonfoil
$1.771%
Foil Common Uncommon Showcasefoil
$1.341%
Common Uncommon Showcase
$0.100%

Top cards driving box EV

Individual card contributions to the $143 expected box value (pull rate times current price).

CardTreatmentPricePulls/boxEV share$/box
Old Gnawbone#296Borderless$98.060.29920.4%$29.28
Tiamat#298Borderless$56.400.29911.8%$16.84
Circle of Dreams Druid#383Extended art$11.990.5494.6%$6.58
Teleportation Circle#364Extended art$8.600.5493.3%$4.72
Old Gnawbone#197$51.050.0863.1%$4.38
Xorn#322Showcase$6.250.5972.6%$3.73
Treasure Vault#358Showcase$5.750.5972.4%$3.43
Lolth, Spider Queen#284Borderless$9.670.2992.0%$2.89
Delina, Wild Mage#317Showcase$4.750.5972.0%$2.84
Grim Hireling#294Extended art$11.950.2311.9%$2.76
Wand of Orcus#297Extended art$11.000.2311.8%$2.54
Robe of Stars#280Extended art$10.890.2311.8%$2.51
Klauth, Unrivaled Ancient#320Extended art$21.750.1151.8%$2.51
Hobgoblin Bandit Lord#379Extended art$4.200.5491.6%$2.30
Circle of Dreams Druid#176$12.950.1711.5%$2.22
The Book of Exalted Deeds#359Extended art$7.800.2741.5%$2.14
Mantle of the Ancients#277Extended art$8.260.2311.3%$1.91
Winged Boots#289Extended art$8.000.2311.3%$1.85
Tiamat#235$21.350.0861.3%$1.83
Reckless Endeavor#302Extended art$7.490.2311.2%$1.73
Neverwinter Hydra#310Extended art$7.140.2311.2%$1.65
Tasha's Hideous Laughter#368Extended art$2.990.5491.1%$1.64
Guardian of Faith#362Extended art$2.980.5491.1%$1.64
Minn, Wily Illusionist#285Extended art$6.770.2311.1%$1.56
Den of the Bugbear#351Showcase$2.370.5971.0%$1.42
Wulfgar of Icewind Dale#329Extended art$6.070.2311.0%$1.40
Prosper, Tome-Bound#324Extended art$12.010.1151.0%$1.39
Lair of the Hydra#356Showcase$2.240.5970.9%$1.34
Teleportation Circle#39$7.690.1710.9%$1.32
Inferno of the Star Mounts#293Borderless$4.000.2990.8%$1.19
Ebondeath, Dracolich#292Borderless$3.950.2990.8%$1.18
Fighter Class#222$6.880.1710.8%$1.18
Zariel, Archduke of Avernus#285Borderless$3.700.2990.8%$1.10
Iymrith, Desert Doom#290Borderless$3.690.2990.8%$1.10
The Deck of Many Things#392Extended art$4.000.2740.8%$1.10