WWhy we don't crack
LTR·Released Jun 23, 2023·12 packs / box · 15 cards / pack·Prices refreshes every 6 hours

The Lord of the Rings: Tales of Middle-earth

Verdict
Money pit
Box price (TCG low)
$1,770
$148 / pack
Expected value
$1,038
$86.51 / pack
Net EV per box
−$732
Return on a box
−41.3%
Chance to break even
14.9%
Boxes for 95% one win
19
to break even once
Sol Ring

Chase card spotlight

Sol Ring

Single price
$1,483
Share of box EV
20.1%
Pull any copy
1 in 8 (13.1% / box)
Coin-flip chase
5 boxes ($8,850)

Chasing Sol Ring by cracking boxes means spending about $8,850for a 50/50 shot — vs $1,483 to buy the single. Keep it sealed; buy the card.

Loading opener...

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
Standard97.35 cards100.0%Every time
Borderless34.87 cards100.0%Every time
Extended art25.45 cards100.0%Every time
Showcase22.22 cards100.0%Every time
Surge foil0.10 cards9.2%1 in 11
Serialized0.009 cards0.9%1 in 110

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
−41%
Net EV per box
−$732
Chance to break even
15%

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.

$1,770Box price
$388Floor (10%)
$834Typical
$1,038Average (EV)
$2,056Lucky (90%)
Floor (10%)
$388
Typical
$834
Average (EV)
$1,038
Lucky (90%)
$2,056

The average box ($1,038) is $204 above a typical box ($834) — 20%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
$1,770
Standalone pack listing
$160
Implied pack (box / packs)
$148
EV per pack
$86.51
$1,038 / box
Return opening box
−41%
Return buying packs at listing
−46%

The box is the better deal per pack ($148 vs $160 listing). Still a losing bet on average at −41% return.

Theoretical vs simulated

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

StatisticTheoreticalSimulated
Expected value$1,038$1,035(-$2.91)
Variance542526543562(+0.2%)
Std deviation$737$737

Buy the single instead?

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

Single price
$1,483
Pull any copy
1 in 8 (13.1% / box)
Boxes for 50% chance
5
Cost of those boxes
$8,850
Boxes for 95% chance
20
Cost at 95%
$35,400

You'd spend about $8,850 opening boxes for a coin-flip at Sol Ring, vs $1,483 to buy it now.

Box value distribution

25,000 simulated boxes
profit zone
Box $1,770
EV $1,038
Median $834
$0$483$967$1,450$1,933$2,417$2,900

Distribution of total card value per box across 29-bucket Monte Carlo simulation. Bars right of the box price are profitable openings.

The odds

P(box ≥ box price)
14.9%
P(box ≥ expected value)
34.3%
Typical box (median)
$834
Average box (EV)
$1,035
Unlucky box (10th pct)
$388
Lucky box (90th pct)
$2,056
God box (99th pct)
$3,618

Roughly 15% of boxes return more than the $1,770 you paid. You'd need to open about 19 boxes (~$33,630) for a 95% chance that even one of them breaks even. A typical box (median $834) is $204 below the $1,038 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 $1,038 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.

Nonfoil Sol Ring
$51850%
Rare/Mythic Showcase
$21321%
Extended Core Rare/Mythic
$60.296%
Foil Rare/Mythic Showcasefoil
$56.565%
Foil Rare/Mythicfoil
$54.185%
Extended Jump Starter Rare/Mythic
$37.574%
Serialized Sol Ringfoil
$28.583%
Borderless Scene
$24.112%
Uncommon Showcase
$19.432%
Surge Relicfoil
$8.631%
Foil Uncommon Showcasefoil
$8.541%
Foil Basicfoil
$3.860%
Foil Commonfoil
$3.510%
Foil Uncommonfoil
$1.710%

Top cards driving box EV

Individual card contributions to the $1,038 expected box value (pull rate times current price).

CardTreatmentPricePulls/boxEV share$/box
Sol Ring#408$1,4830.14120.1%$209
Sol Ring#409$4780.32815.1%$157
Sol Ring#410$3620.42214.7%$153
Ancient Tomb#357Borderless$1450.1972.8%$28.61
Urborg, Tomb of Yawgmoth#375Borderless$1200.1972.3%$23.61
The One Ring#380Extended art$1100.1852.0%$20.33
The Great Henge#348Borderless$84.830.1971.6%$16.69
The Ozolith#351Borderless$80.490.1971.5%$15.83
Orcish Bowmasters#433Borderless$49.990.3161.5%$15.79
Cavern of Souls#362Borderless$71.990.1971.4%$14.16
Shadowspear#353Borderless$68.290.1971.3%$13.43
The One Ring#451Borderless$82.490.1581.3%$13.03
Cabal Coffers#360Borderless$54.790.1971.0%$10.78
The One Ring#246$1230.0861.0%$10.54
Gemstone Caverns#364Borderless$53.250.1971.0%$10.48
Sol Ring#410zSerialized$2,3804.22e-31.0%$10.05
Sol Ring#409zSerialized$3,0003.28e-30.9%$9.85
Minamo, School at Water's Edge#369Borderless$49.600.1970.9%$9.76
Yavimaya, Cradle of Growth#377Borderless$48.650.1970.9%$9.57
Mithril Coat#379Extended art$25.000.3690.9%$9.23
Delighted Halfling#402Borderless$29.000.3160.9%$9.16
Orcish Bowmasters#103$53.000.1710.9%$9.09
Delighted Halfling#363Extended art$24.000.3690.9%$8.86
Sol Ring#408zSerialized$6,1741.41e-30.8%$8.69
Sauron, the Dark Lord#329Showcase$24.000.2800.6%$6.72
Bojuka Bog#358Borderless$30.600.1970.6%$6.02
Nazgûl#335$35.480.1510.5%$5.35
Wasteland#376Borderless$25.970.1970.5%$5.11
Nazgûl#334$32.570.1510.5%$4.91
Last March of the Ents#418Borderless$30.000.1580.5%$4.74
Lotho, Corrupt Shirriff#370Extended art$12.540.3690.4%$4.63
Mithril Coat#245$27.000.1710.4%$4.63
Shinka, the Bloodsoaked Keep#374Borderless$23.470.1970.4%$4.62
Delighted Halfling#158$26.100.1710.4%$4.47
Mount Doom#343Borderless$11.640.3780.4%$4.41