WWhy we don't crack
MKM·Released Feb 9, 2024·12 packs / box · 15 cards / pack·Prices refreshes every 6 hours

Murders at Karlov Manor

Verdict
Money pit
Box price (TCG low)
$342
$28.50 / pack
Expected value
$179
$14.93 / pack
Net EV per box
−$163
Return on a box
−47.6%
Chance to break even
1.1%
Boxes for 95% one win
267
to break even once
Undercity Sewers

Chase card spotlight

Undercity Sewers

Borderless

Single price
$54.59
Share of box EV
11.3%
Pull any copy
1 in 3 (31.1% / box)
Coin-flip chase
2 boxes ($684)

Chasing Undercity Sewers by cracking boxes means spending about $684for a 50/50 shot — vs $54.59 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
Standard108.00 cards100.0%Every time
Showcase39.05 cards100.0%Every time
Extended art28.02 cards100.0%Every time
Borderless4.93 cards99.3%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
−48%
Net EV per box
−$163
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.

$342Box price
$105Floor (10%)
$172Typical
$179Average (EV)
$262Lucky (90%)
Floor (10%)
$105
Typical
$172
Average (EV)
$179
Lucky (90%)
$262

The average box ($179) is $6.73 above a typical box ($172) — 4%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
$342
Standalone pack listing
$28.43
Implied pack (box / packs)
$28.50
EV per pack
$14.93
$179 / box
Return opening box
−48%
Return buying packs at listing
−47%

Standalone packs list at $28.43 vs $28.50 implied from the box. Packs look cheaper per slot, but EV is still $14.93/pack (−47% return either way).

Theoretical vs simulated

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

StatisticTheoreticalSimulated
Expected value$179$179(-$0.27)
Variance38063783(-0.6%)
Std deviation$61.69$61.51

Buy the single instead?

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

Single price
$54.59
Pull any copy
1 in 3 (31.1% / box)
Boxes for 50% chance
2
Cost of those boxes
$684
Boxes for 95% chance
7
Cost at 95%
$2,394

You'd spend about $684 opening boxes for a coin-flip at Undercity Sewers, vs $54.59 to buy it now.

Box value distribution

25,000 simulated boxes
profit zone
Box $342
EV $179
Median $172
$0$93$187$280$373$467$560

Distribution of total card value per box across 28-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)
45.8%
Typical box (median)
$172
Average box (EV)
$179
Unlucky box (10th pct)
$105
Lucky box (90th pct)
$262
God box (99th pct)
$345

Roughly 1% of boxes return more than the $342 you paid. You'd need to open about 267 boxes (~$91,325) for a 95% chance that even one of them breaks even. A typical box (median $172) is $6.73 below the $179 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 $179 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.

Foil Rare/Mythic Showcasefoil
$85.9048%
Rare/Mythic Showcase
$44.1625%
Foil Rare/Mythicfoil
$27.1215%
Extended Commander Rare/Mythic
$10.636%
Extended Main Rare/Mythic
$7.264%
Foil Uncommonfoil
$2.001%
Foil Commonfoil
$0.820%
Foil Common Uncommon Showcasefoil
$0.570%
Foil Extended Commander Rare/Mythicfoil
$0.470%
Common Uncommon Showcase
$0.190%

Top cards driving box EV

Individual card contributions to the $179 expected box value (pull rate times current price).

CardTreatmentPricePulls/boxEV share$/box
Undercity Sewers#332Borderless$54.590.37211.3%$20.32
Thundering Falls#331Borderless$40.490.3728.4%$15.07
Meticulous Archive#328Borderless$38.000.3727.9%$14.14
Underground Mortuary#333Borderless$35.590.3727.4%$13.24
Shadowy Backstreet#330Borderless$30.690.3726.4%$11.42
Hedge Maze#326Borderless$29.320.3726.1%$10.91
Elegant Parlor#325Borderless$25.000.3725.2%$9.30
Raucous Theater#329Borderless$24.000.3725.0%$8.93
Delney, Streetwise Lookout#337Showcase$43.490.1864.5%$8.09
Commercial District#324Borderless$20.990.3724.4%$7.81
Trouble in Pairs#326Extended art$24.990.2553.6%$6.38
Lush Portico#327Borderless$17.000.3723.5%$6.33
Field of the Dead#28Borderless$83.210.0653.0%$5.40
Victimize#23Borderless$75.210.0652.7%$4.88
Delney, Streetwise Lookout#378Showcase$73.220.0652.7%$4.75
Gamble#24Borderless$71.820.0652.6%$4.66
Warleader's Call#315Showcase$11.810.3722.5%$4.40
Archdruid's Charm#408Extended art$7.000.5172.0%$3.62
Ghostly Prison#19Borderless$47.630.0651.7%$3.09
Undercity Sewers#270$19.450.1501.6%$2.92
Delney, Streetwise Lookout#12$37.000.0751.5%$2.78
Thundering Falls#269$15.990.1501.3%$2.40
Aurelia, the Law Above#317Showcase$6.430.3721.3%$2.39
Leyline of the Guildpact#418Extended art$4.560.5171.3%$2.36
Rakdos, Patron of Chaos#320Showcase$10.900.1861.1%$2.03
Underground Mortuary#271$13.500.1501.1%$2.03
Meticulous Archive#264$12.450.1501.0%$1.87
Hedge Maze#262$12.000.1501.0%$1.80
Shadowy Backstreet#268$11.100.1500.9%$1.67
Show and Tell#21Borderless$24.720.0650.9%$1.60
Raucous Theater#266$10.500.1500.9%$1.58
Elegant Parlor#260$9.370.1500.8%$1.41
Prisoner's Dilemma#344Extended art$5.440.2550.8%$1.39
Fabricate#20Borderless$18.820.0650.7%$1.22
Doppelgang#414Extended art$2.300.5170.7%$1.19