WWhy we don't crack
NEO·Released Feb 18, 2022·12 packs / box · 15 cards / pack·Prices refreshes every 6 hours

Kamigawa: Neon Dynasty

Verdict
Money pit
Box price (TCG low)
$500
$41.67 / pack
Expected value
$239
$19.93 / pack
Net EV per box
−$261
Return on a box
−52.2%
Chance to break even
1.1%
Boxes for 95% one win
266
to break even once
Boseiju, Who Endures

Chase card spotlight

Boseiju, Who Endures

Borderless

Single price
$68.22
Share of box EV
11.9%
Pull any copy
1 in 3 (34.1% / box)
Coin-flip chase
2 boxes ($1,000)

Chasing Boseiju, Who Endures by cracking boxes means spending about $1,000for a 50/50 shot — vs $68.22 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
Standard84.00 cards100.0%Every time
Showcase63.89 cards100.0%Every time
Extended art27.83 cards100.0%Every time
Borderless4.20 cards98.5%1 in 2
Neon ink0.08 cards7.7%1 in 13

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
−$261
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.

$500Box price
$141Floor (10%)
$224Typical
$239Average (EV)
$351Lucky (90%)
Floor (10%)
$141
Typical
$224
Average (EV)
$239
Lucky (90%)
$351

The average box ($239) is $15.28 above a typical box ($224) — 6%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
$500
Standalone pack listing
$42.32
Implied pack (box / packs)
$41.67
EV per pack
$19.93
$239 / box
Return opening box
−52%
Return buying packs at listing
−53%

The box is the better deal per pack ($41.67 vs $42.32 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$239$239(-$0.48)
Variance81347932(-2.5%)
Std deviation$90.19$89.06

Buy the single instead?

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

Single price
$68.22
Pull any copy
1 in 3 (34.1% / box)
Boxes for 50% chance
2
Cost of those boxes
$1,000
Boxes for 95% chance
6
Cost at 95%
$3,000

You'd spend about $1,000 opening boxes for a coin-flip at Boseiju, Who Endures, vs $68.22 to buy it now.

Box value distribution

25,000 simulated boxes
profit zone
Box $500
EV $239
Median $224
$0$133$267$400$533$667$800

Distribution of total card value per box across 32-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)
42.9%
Typical box (median)
$224
Average box (EV)
$239
Unlucky box (10th pct)
$141
Lucky box (90th pct)
$351
God box (99th pct)
$513

Roughly 1% of boxes return more than the $500 you paid. You'd need to open about 266 boxes (~$132,997) for a 95% chance that even one of them breaks even. A typical box (median $224) is $15.28 below the $239 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 $239 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
$59.0725%
Extended Or Borderless Rare/Mythic
$47.6920%
Rare/Mythic Showcase
$38.3416%
Foil Fullart Landfoil
$30.4713%
Foil Rare/Mythicfoil
$27.5712%
Extended Commander
$15.857%
Etched Rare/Mythicfoil
$11.055%
Neon Inkfoil
$6.643%
Foil Sfc Commonfoil
$1.231%
Foil Sfc Uncommonfoil
$1.030%
Foil Ninja Common Uncommonfoil
$0.280%

Top cards driving box EV

Individual card contributions to the $239 expected box value (pull rate times current price).

CardTreatmentPricePulls/boxEV share$/box
Boseiju, Who Endures#412Borderless$68.220.41711.9%$28.42
Otawara, Soaring City#414Borderless$37.050.4176.5%$15.43
Boseiju, Who Endures#501Extended art$48.680.2404.9%$11.69
Boseiju, Who Endures#266$49.780.1763.7%$8.78
Otawara, Soaring City#503Extended art$28.990.2402.9%$6.96
Swamp#297$4.841.2002.4%$5.81
Otawara, Soaring City#271$30.000.1762.2%$5.29
Takenuma, Abandoned Mire#416Borderless$12.540.4172.2%$5.22
Swamp#298$3.501.2001.8%$4.20
Light-Paws, Emperor's Voice#367Showcase$15.940.2601.7%$4.14
Plains#293$3.201.2001.6%$3.84
The Wandering Emperor#316Showcase$42.000.0861.5%$3.60
Kodama of the West Tree#392Showcase$27.020.1301.5%$3.51
The Wandering Emperor#418Showcase$85.120.0401.4%$3.43
Island#296$2.831.2001.4%$3.40
Farewell#365Showcase$13.000.2601.4%$3.38
The Reality Chip#374Showcase$12.070.2601.3%$3.13
Hidetsugu, Devouring Chaos#429Neon ink$4926.20e-31.3%$3.05
Kodama of the West Tree#477Extended art$22.760.1201.1%$2.73
Eiganjo, Seat of the Empire#413Borderless$6.000.4171.0%$2.50
Mountain#299$2.001.2001.0%$2.40
Forest#302$2.001.2001.0%$2.40
Island#295$1.991.2001.0%$2.39
Plains#294$1.981.2001.0%$2.38
Kodama of the West Tree#423Showcase$56.880.0401.0%$2.29
Go-Shintai of Life's Origin#66Extended art$13.000.1710.9%$2.23
Farewell#417Showcase$26.870.0810.9%$2.16
Takenuma, Abandoned Mire#505Extended art$9.000.2400.9%$2.16
Forest#301$1.801.2000.9%$2.16
Fable of the Mirror-Breaker // Reflection of Kiki-Jiki#357Showcase$7.850.2600.9%$2.04
Jin-Gitaxias, Progress Tyrant#371Showcase$27.130.0720.8%$1.95
Isshin, Two Heavens as One#328Showcase$7.500.2600.8%$1.95
Imposter Mech#49Extended art$5.490.3430.8%$1.88
Hidetsugu, Devouring Chaos#430Neon ink$74.990.0250.8%$1.86
Kodama of the West Tree#199$20.250.0880.7%$1.79