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

Strixhaven: School of Mages

Verdict
Bad bet
Box price (TCG low)
$628
$52.33 / pack
Expected value
$385
$32.08 / pack
Net EV per box
−$243
Return on a box
−38.7%
Chance to break even
11.9%
Boxes for 95% one win
24
to break even once
Demonic Tutor

Chase card spotlight

Demonic Tutor

Borderless

Single price
$512
Share of box EV
15.8%
Pull any copy
1 in 9 (11.2% / box)
Coin-flip chase
6 boxes ($3,768)

Chasing Demonic Tutor by cracking boxes means spending about $3,768for a 50/50 shot — vs $512 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
Extended art29.15 cards100.0%Every time
Borderless21.94 cards100.0%Every time
Showcase20.91 cards100.0%Every time

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
−39%
Net EV per box
−$243
Chance to break even
12%

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.

$628Box price
$210Floor (10%)
$328Typical
$385Average (EV)
$717Lucky (90%)
Floor (10%)
$210
Typical
$328
Average (EV)
$385
Lucky (90%)
$717

The average box ($385) is $57.25 above a typical box ($328) — 15%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
$628
Standalone pack listing
$59.99
Implied pack (box / packs)
$52.33
EV per pack
$32.08
$385 / box
Return opening box
−39%
Return buying packs at listing
−47%

The box is the better deal per pack ($52.33 vs $59.99 listing). Still a losing bet on average at −39% return.

Theoretical vs simulated

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

StatisticTheoreticalSimulated
Expected value$385$384(-$0.86)
Variance4009539433(-1.6%)
Std deviation$200$199

Buy the single instead?

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

Single price
$512
Pull any copy
1 in 9 (11.2% / box)
Boxes for 50% chance
6
Cost of those boxes
$3,768
Boxes for 95% chance
24
Cost at 95%
$15,072

You'd spend about $3,768 opening boxes for a coin-flip at Demonic Tutor, vs $512 to buy it now.

Box value distribution

25,000 simulated boxes
profit zone
Box $628
EV $385
Median $328
$0$175$350$525$700$875$1,050

Distribution of total card value per box across 21-bucket Monte Carlo simulation. Bars right of the box price are profitable openings.

The odds

P(box ≥ box price)
11.9%
P(box ≥ expected value)
33.7%
Typical box (median)
$328
Average box (EV)
$384
Unlucky box (10th pct)
$210
Lucky box (90th pct)
$717
God box (99th pct)
$1,034

Roughly 12% of boxes return more than the $628 you paid. You'd need to open about 24 boxes (~$15,072) for a 95% chance that even one of them breaks even. A typical box (median $328) is $57.25 below the $385 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 $385 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.

Etched Jp Sta Rare/Mythicfoil
$15240%
Foil Alt Art Wildfoil
$11329%
Etched Sta Rare/Mythicfoil
$46.1412%
Extended Commander
$33.859%
Extended Or Borderless Core
$15.864%
Foil Rare/Mythicfoil
$8.862%
Foil Sta Uncommonfoil
$5.691%
Etched Jp Sta Uncommonfoil
$4.561%
Foil Uncommonfoil
$2.641%
Foil Commonfoil
$1.140%
Etched Sta Uncommonfoil
$1.130%
Foil Lessonfoil
$0.040%

Top cards driving box EV

Individual card contributions to the $385 expected box value (pull rate times current price).

CardTreatmentPricePulls/boxEV share$/box
Demonic Tutor#90Borderless$5120.11915.8%$60.88
Dark Ritual#89Borderless$81.230.2385.0%$19.31
Tainted Pact#96Borderless$1590.1194.9%$18.91
Demonic Tutor#27Showcase$1290.1194.0%$15.34
Ephemerate#68Borderless$51.130.2383.2%$12.15
Teferi's Protection#74Borderless$1020.1193.1%$12.10
Brainstorm#76Borderless$49.000.2383.0%$11.65
Counterspell#78Borderless$43.310.2382.7%$10.29
Grapeshot#102Borderless$39.990.2382.5%$9.50
Teferi's Protection#11Showcase$64.000.1192.0%$7.61
Swords to Plowshares#73Borderless$30.710.2381.9%$7.30
Tainted Pact#33Showcase$50.460.1191.6%$6.00
Faithless Looting#101Borderless$24.980.2381.5%$5.94
Natural Order#117Borderless$49.920.1191.5%$5.93
Time Warp#85Borderless$43.900.1191.4%$5.22
Lightning Bolt#105Borderless$19.750.2381.2%$4.69
Dark Ritual#26Showcase$18.060.2381.1%$4.29
Natural Order#54Showcase$32.950.1191.0%$3.92
Ephemerate#5Showcase$16.000.2381.0%$3.80
Chaos Warp#99Borderless$28.930.1190.9%$3.44
Swords to Plowshares#10Showcase$14.000.2380.9%$3.33
Approach of the Second Sun#64Borderless$27.830.1190.9%$3.31
Wandering Archaic // Explore the Vastlands#286Extended art$12.600.2290.7%$2.88
Stinging Study#371Extended art$17.280.1600.7%$2.76
Sign in Blood#95Borderless$11.480.2380.7%$2.73
Time Warp#22Showcase$22.670.1190.7%$2.69
Weather the Storm#121Borderless$10.990.2380.7%$2.61
Growth Spiral#124Borderless$10.330.2380.6%$2.46
Counterspell#15Showcase$10.000.2380.6%$2.38
Witch's Clinic#407Extended art$14.040.1600.6%$2.25
Channel#113Borderless$18.570.1190.6%$2.21
Crux of Fate#88Borderless$18.400.1190.6%$2.19
Sedgemoor Witch#306Extended art$9.530.2290.6%$2.18
Spawning Kraken#360Extended art$13.500.1600.6%$2.16
Lightning Helix#125Borderless$8.930.2380.6%$2.12