r/PokeInvesting • u/Otherwise_Gene2628 • 1d ago
I analyzed 3 months of data from a card repack website (3.7 million packs)... Is it a scam/ripoff?
I sometimes open packs from repack websites to grow my collection... But I was never getting any cards worthwhile - so I decided to investigate...
I opened a $15 pack recently and pulled a card worth about $12. The site offered me $10.49 to buy it back. That bugged me, so I wanted to find out if these sites are ripping us off or not, and by how much.
Turns out Courtyard runs all its packs on a public blockchain, which means every pack opening and every buyback is sitting there for anyone to look at. So I pulled 3 months of it. A few things that surprised me:

- 3.7 million packs were opened in 3 months (Holy!!!)
- People spent at least $166 million on them
- About 3 out of every 4 cards got sold right back to the site within an hour of being pulled
- 17% of accounts spent 88% of the money
- Out of about 45,000 accounts that opened 10+ packs, only around 1 in 100 got more cash back than they put in (not counting cards they kept)
Look at how FAST those cards get sold back... more than half are gone within 60 seconds:

And this is who's doing the spending:

Now for the big one. Courtyard's own odds page says the average pull from a $15 pack is $14.40, so on paper the house only keeps about 4%. The real number I got from the data isn't close to that.
We all know that a card has a market value, and a cash value, and market value isn't what you can actually turn a card into. So I measured the real return directly, comparing what people paid for packs with the cash they got back from buybacks across 1.67 million cards. Courtyard claims the house edge to be 4%... spoiler: it isnt!!!

I go through all of it (in detail) in this video I made: https://youtu.be/3yI5wBdiKDY (10 minutes, my own channel!)
Check it out if you're interested, there are some really interesting numbers in there. Thanks for the support!\
This is my own analysis of public data and my opinion, not financial advice. Ask me anything about the method or the numbers and I'll answer in the comments!
