How do I evaluate the comp value of a drop?
Let us start with saying that Packs are not investments and nothing in this response is investment advice.
The value of Packs and the RAZZ entries they hold is interestingly complex.
The RAZZ entries are simply a 1 in 2,048 chance to win a specific card.
We currently sell Packs for $5 each.
So, for any one card we sell $10,240 worth of RAZZ entries.
The easy math says that for any card worth $10k or more the Packs were a “good” buy and anything under was a “bad” buy.
But that simple look fails to consider 3 other important value considerations.
No other contest would offer to buy YOU out when you get closer to the prize and STILL risk giving the prize to someone else.
- This means a RAZZ entry for a card worth $8,000 could come out of a pack and you think “Awe shucks, I’m 20% under water to start”.
- But what if the dust settles and the sharks did $4,000 of buyouts but the person with the winning entry didn’t cash out?
- In this scenario, the total value paid out would be $12,000 ($8,000 card plus $4,000 cash outs), which means those RAZZ entries were paid 20% “in the money” and not under water at all.
The community trading period allows you a week to swap your entries around and chase only cards YOU want to collect. For collectors, “value” is in the eye of the beholder and which cards you would like to have in your collection and which ones you don’t matters.
There’s one last intangible to the value of Packs. Entertainment value. Which entries did I get? What can I do with them during community trading window? What will my offers be if I make the round of 64? Every cash out or not decision is fun and engaging. Again, this isn’t a value that can go into a spreadsheet but that doesn’t mean it isn’t real.
So, when you combine all of this, you can get a more complete idea of Packs “value”.
In most similar promotions you just take the value of the prizes divided by the number of entries to determine a theoretical value. However, since a lot of the prize decisions with Blokpax are up to YOU, the participants, it’s not that simple.
Is Ripping Packs Legal in My State?
All Blokpax Drops are sweepstakes. They are bonded in NY and Florida for the full prize value. Blokpax drops are legal in all 50 states and Canada.
What Do I Do Next?
to create your free account and be ready for the next drop!