I have a problem with calculation:
"The interesting part is with 500 packs purchase. In that case, you get a -15% of the 2USD value, which means each pack cost 1.7USD. That's the same of EV!"
So you tell that I should pay 1.7 USD per pack if I buy 500 packs and get 75 packs as bonus for 1000 Dollar.
But when I calculate 1000 / 575 I come to 1.74$ (1.7391 exactly) and not to 1.7$.
I think the mistake is that you calculate like discount (pay 850$ for 500 packs) and not like a bonus on top (get 575 packs for 1000$)
Thanks for replying @schach. The idea on the final consideration is that mathematically you would get 1000 USD spent for 575 packs, so 1.74 as you said per pack. Still, aside the 0.04/0.08 difference in EV we can say that is really close. I calculated as you pointed that out, which is x-discount, whereas it's x+y where y is free packs
Given that variability is hard to be factored in statistical calculation, you are basically opening pack at exact EV, which gives great possibility of return in case of a couple of lucky cards.
Yes you can be lucky and get very good cards it's true, but I think that most packs you open will be worth less than 2$, so it's the question if it's better to buy the cards you need in market or buy packs.
If I buy the cards in the market I pay exactly the marcet price.
If I buy packs I will probably have many cards whom I don't need for several reasons, f.e. I have already max leveled card or also I don't want to use.
So I have to sell this cards and loose 5% for commission, so I have only 95% of the invested money for buying new cards this is also a point.
Neverthanless I really think about using this offert to buy 575 packs for 1000$ - do you know if their will be any promotion in the future ?
Also I used this upvote Service from Steemmonsters a few time. I listen that for this service you get especially status with higer upvote value if you buy this 575 packs - Is this true ?
Hey @schach! Yeah, you get a status called Maverick which means you get a (lot) better upvote from the @steemmonsters.
For the offer, I don't know until it last because I'm not part of the team. If prices keep rising as they are, it's indeed a great offer to take advantage with this EV!
ok thank you very much for this information. So it would be in every case a benefit this Maverick status and probably If worth of cards from this 575 packs don't reach 1000$ after some time you could earn difference by upvotes through this maverick status - so it's quite a good idea I think.
Interesting thing I have noticed is that despite prices rising my deck value went down in the meantime by ~25%.
If prices will rise a few per cent more, market will be flooded by traders who can afford buying 500 + 75 pack deals. 2 USD per pack is a strong barrier preventing any larger movements, one way or another (up or down).
Even if steemmonsters will get ~1mln USD for the remaining packs, they will likely issue new gamma or whatever called line of cards. Unless it's valued $5 or so per pack, barrier will remain. If valued so high, it will make difficult for new players to join.
It's very difficult to sell cards at market prices within a week or so, especially that prices on less popular cards are only theoretical - one needs to list a card with 50% (or so) discount to be able to get actual sale.
it's indeed a great offer to take advantage with this EV
Thus I wouldn't endorse buying packs based on calculated EV.
Each person is free to choose which actions to perform. I wanted to calculate EV given that the new 5-mana summoners have a really high value and I felt that there is a lot more value now than before.
Not the general prices went upwards, but specific one as I tried to outline in the consideration section. Cards like Peaceful Giant are almost 3x what they were a couple of month ago, meanwhile other cards lost a lot in value.
Thanks for your comment on the post, glad you enjoyed it.
Great analysis, Bafi. Appreciate you crunching the numbers like that. Guess we can start to see pack sales pick up again now.
It's been a hard selling convincing people to buy when they're unlikely to get cards worth the purchase price, but knowing it's now a break even proposition (on paper at least) offers a rational reason to enjoy the excitement of actually flipping the cards.
Let's see what happens shall we?
Thanks for stopping by @mattclarke!
Yeah, the point is to highlight how profitable (or at least worth) to buy packs right now, the 5 mana summoners really shacked the market in a positive way. Buying at EV is great!
Thanks so much for stopping by. I found it extremely interesting as a data to be analyzed @gniksivart!
It will be cool to make a weekly series out of this
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I have a problem with calculation:
"The interesting part is with 500 packs purchase. In that case, you get a -15% of the 2USD value, which means each pack cost 1.7USD. That's the same of EV!"
So you tell that I should pay 1.7 USD per pack if I buy 500 packs and get 75 packs as bonus for 1000 Dollar.
But when I calculate 1000 / 575 I come to 1.74$ (1.7391 exactly) and not to 1.7$.
I think the mistake is that you calculate like discount (pay 850$ for 500 packs) and not like a bonus on top (get 575 packs for 1000$)
Thanks for replying @schach. The idea on the final consideration is that mathematically you would get 1000 USD spent for 575 packs, so 1.74 as you said per pack. Still, aside the 0.04/0.08 difference in EV we can say that is really close. I calculated as you pointed that out, which is x-discount, whereas it's x+y where y is free packs
Given that variability is hard to be factored in statistical calculation, you are basically opening pack at exact EV, which gives great possibility of return in case of a couple of lucky cards.
Yes you can be lucky and get very good cards it's true, but I think that most packs you open will be worth less than 2$, so it's the question if it's better to buy the cards you need in market or buy packs.
If I buy the cards in the market I pay exactly the marcet price.
If I buy packs I will probably have many cards whom I don't need for several reasons, f.e. I have already max leveled card or also I don't want to use.
So I have to sell this cards and loose 5% for commission, so I have only 95% of the invested money for buying new cards this is also a point.
Neverthanless I really think about using this offert to buy 575 packs for 1000$ - do you know if their will be any promotion in the future ?
Also I used this upvote Service from Steemmonsters a few time. I listen that for this service you get especially status with higer upvote value if you buy this 575 packs - Is this true ?
Hey @schach! Yeah, you get a status called Maverick which means you get a (lot) better upvote from the @steemmonsters.
For the offer, I don't know until it last because I'm not part of the team. If prices keep rising as they are, it's indeed a great offer to take advantage with this EV!
ok thank you very much for this information. So it would be in every case a benefit this Maverick status and probably If worth of cards from this 575 packs don't reach 1000$ after some time you could earn difference by upvotes through this maverick status - so it's quite a good idea I think.
@schach yeah, exactly. It's a status to promote and support people that are heavily invested into the game
Good article.
Interesting thing I have noticed is that despite prices rising my deck value went down in the meantime by ~25%.
If prices will rise a few per cent more, market will be flooded by traders who can afford buying 500 + 75 pack deals. 2 USD per pack is a strong barrier preventing any larger movements, one way or another (up or down).
Even if steemmonsters will get ~1mln USD for the remaining packs, they will likely issue new gamma or whatever called line of cards. Unless it's valued $5 or so per pack, barrier will remain. If valued so high, it will make difficult for new players to join.
It's very difficult to sell cards at market prices within a week or so, especially that prices on less popular cards are only theoretical - one needs to list a card with 50% (or so) discount to be able to get actual sale.
Thus I wouldn't endorse buying packs based on calculated EV.
Each person is free to choose which actions to perform. I wanted to calculate EV given that the new 5-mana summoners have a really high value and I felt that there is a lot more value now than before.
Not the general prices went upwards, but specific one as I tried to outline in the consideration section. Cards like Peaceful Giant are almost 3x what they were a couple of month ago, meanwhile other cards lost a lot in value.
Thanks for your comment on the post, glad you enjoyed it.
Great analysis, Bafi. Appreciate you crunching the numbers like that. Guess we can start to see pack sales pick up again now.
It's been a hard selling convincing people to buy when they're unlikely to get cards worth the purchase price, but knowing it's now a break even proposition (on paper at least) offers a rational reason to enjoy the excitement of actually flipping the cards.
Let's see what happens shall we?
Thanks for stopping by @mattclarke!
Yeah, the point is to highlight how profitable (or at least worth) to buy packs right now, the 5 mana summoners really shacked the market in a positive way. Buying at EV is great!
Great News, I really would like to know how fast the packs will sell when the Value comes close to 2$.
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Yeah, it will be extremely interesting @masterthematrix! I might turn this into a weekly appointment to see how the market change
Thank you for such great analysis.
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Glad that you enjoyed this analysis @glory7!
I might turn this into a weekly series
Thanks for this post. Its interesting to see what an effect the legendary summoners had on the ev of beta booster packs.
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Thanks so much for stopping by. I found it extremely interesting as a data to be analyzed @gniksivart!
It will be cool to make a weekly series out of this
Thanks for the post
Thanks for stopping by @vaansteam, glad you liked it!
Haha. Iโm not even close to being able to afford 500 packs. But saving up. Saaaavviiing slowly
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awsome
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