repacks reminds me of what Fortnite, Roblox, nba2k have already introduced through loot boxes. Kids have been fed the gambling addiction from an early age through video games. It continues with sports gambling and now these re-packs.
The one thing I will say in regards to why spending money on a repack over betting on the game is if you lose your bet on the game you get nothing in return...a repack you will get a card back at least. Also have to buy from people making good repack products and not filling them with a bunch of floor cards and 1 chaser
I understand your sentiment but this is a good thing imo. People buy in to these and get something out of it, not gambling, but gambling-ish. As others have said, buying in to breaks or ripping wax has less roi than these mystery packs. I think alot of people love the idea of hitting a momster card or landing the best team in a break for a good price, knowing they most likely will hit a floor pack/team and still have a chance of hitting something cool. Gambling-ish but something in return for money. Also, kids don't have credit cards, needed for whatnott and I assume Fanatics live
I don't buy into them but, from the risk/reward perspective - I'd estimate that pretty much any repack done by one of the larger, well known repackers who know the markets are likely giving buyers WAY better returns than nearly every hobby product released from the major manufacturers. You're far more likely to lose 80%+ of your cost on a sealed hobby box vs. maybe losing 20-40%, at most, on a repack - and actually have a very reasonable chance to break even or better. They are merely taking advantage of the companies printing into oblivion.
I really appreciate this video. Given the unregulated nature of "the hobby", the unfortunate reality is questions regarding potential shady behavior/practices have to be raised almost entirely by the average hobbyist. Most collectibles companies aren't going to speak up or do anything about it since it would potentially affect their bottom line. The move to turning the hobby into a casino was pretty apparent when Fanatics got involved. I feel a lot of collectors nowadays are getting blindsided by all these record sales, bit hits, etc.. and we desperately need opposing voices to balance things out with reason instead of hype.
Great video. Now run the #s on retail and hobby wax boxes. Much worse ROI than repacks. People buy repacks because they are tired of losing 80-90% on buying wax. I am certainly not defending repacks. Most of us know buying singles is the best course of action, but it bothers me that someone at some point was ripped off buying a box to get these singles into the marketplace.
To answer your question of why these people gamble on repacks, it’s because the hosts of these repack games tend to (intentionally) have cards of young players with potential upside and the mind of an addict associates that with higher reward for their bets. All the while 90% of these players will not become superstars in their sport
They are all cherry picking the comps when they both buy and sell.. if a million a year is the "honest" price... scary to think what the actual numbers are.
I have been kicking the repack idea around for a couple if years now. I want it to be something my customers are going to love and not hate. I have an idea how I would do it. its too truthful and I dont think people would buy in. I would definitely have a checklist. Maybe even item the packs. I have the same feeling around breaking. I am approved to break on all the platforms you would to be approved. I just feel like its getting in bed with scum bags
If you assume 75% of the people are weekly repack/breaks customers, they have a $25k/ year gambling habit...couple that with the modern market declines... And/or inaccurate comps, selling fees (unless you can sell everything with 0 fees). It must be really fun.
I’ve been buying cards to make repacks, so this is perfect haha. Never thought about the “morality” of it .. and I don’t care .. I tell you what Is and isn’t so you know what’s at stake. It’s no different than the buyer opening panini instead. Also there’s really not that many content creators making videos tailored to children. The content is just family friendly because why would it be any other way. I do also think it’s bad for kids to gamble (duh) but, that’s on the parents at the end of the day. There are RPs costing $500-200 and $50-15, if a child is spending hundreds on a RP the world has bigger issues. We may disagree here and there but we can agree this was a good informative video 👍🏽
One thing I'll say: if the government says its okay for giant orgs like ESPN and all these sports betting places to take peoples money gambling, at least everyday people with youtube channels can too😂
Gambling is gambling no matter where you are. Repacks are ass, majority of the people who buy will lose. It’s a good way to make money but also a good way to lose money if your the buyer.
Seems like a pretty sketchy video if you have to warn people of possible legal issues multiple times. Any collector with a half a brain is not buying any kind of repack, ever.
Card collector 2 Even tries to tell people to stop bidding so much.And they still bid like crazy I was on one of his repack live Streams And the people was paying almost the ceiling Every single time
repacks reminds me of what Fortnite, Roblox, nba2k have already introduced through loot boxes. Kids have been fed the gambling addiction from an early age through video games. It continues with sports gambling and now these re-packs.
Didn’t take into account fees, supplies, employees, shipping, etc.
ALL buying and opening of packs or wax boxes is gambling. 🤷🏻♂️🤷🏻♂️🤷🏻♂️🤷🏻♂️
Repacking is ruining the hobby.
The one thing I will say in regards to why spending money on a repack over betting on the game is if you lose your bet on the game you get nothing in return...a repack you will get a card back at least. Also have to buy from people making good repack products and not filling them with a bunch of floor cards and 1 chaser
I understand your sentiment but this is a good thing imo. People buy in to these and get something out of it, not gambling, but gambling-ish. As others have said, buying in to breaks or ripping wax has less roi than these mystery packs. I think alot of people love the idea of hitting a momster card or landing the best team in a break for a good price, knowing they most likely will hit a floor pack/team and still have a chance of hitting something cool. Gambling-ish but something in return for money. Also, kids don't have credit cards, needed for whatnott and I assume Fanatics live
Welcome back! I loved the edit on this one! Great topic also.
I don't buy into them but, from the risk/reward perspective - I'd estimate that pretty much any repack done by one of the larger, well known repackers who know the markets are likely giving buyers WAY better returns than nearly every hobby product released from the major manufacturers. You're far more likely to lose 80%+ of your cost on a sealed hobby box vs. maybe losing 20-40%, at most, on a repack - and actually have a very reasonable chance to break even or better. They are merely taking advantage of the companies printing into oblivion.
Repacking has been going on since I can remember. They were called "Grab Bags" in the 80s. I was ahead my time I guess lol.
yes. but ebay/whatnot and other streaming services were not there. in the future it will be nfts. no one can see it coming.
I really appreciate this video. Given the unregulated nature of "the hobby", the unfortunate reality is questions regarding potential shady behavior/practices have to be raised almost entirely by the average hobbyist. Most collectibles companies aren't going to speak up or do anything about it since it would potentially affect their bottom line. The move to turning the hobby into a casino was pretty apparent when Fanatics got involved. I feel a lot of collectors nowadays are getting blindsided by all these record sales, bit hits, etc.. and we desperately need opposing voices to balance things out with reason instead of hype.
this was a great video, super informative!!
I always wondered what these were, great explanation.
Great video. Now run the #s on retail and hobby wax boxes. Much worse ROI than repacks. People buy repacks because they are tired of losing 80-90% on buying wax. I am certainly not defending repacks. Most of us know buying singles is the best course of action, but it bothers me that someone at some point was ripped off buying a box to get these singles into the marketplace.
If people stop buying wax boxes because they are not worth it, the margins on those boxes will come down and repacks won't make sense any more.
Great conclusions, this part of the hobby is the one I really don’t like
Objectively and streamline analyzed.
To answer your question of why these people gamble on repacks, it’s because the hosts of these repack games tend to (intentionally) have cards of young players with potential upside and the mind of an addict associates that with higher reward for their bets. All the while 90% of these players will not become superstars in their sport
They are all cherry picking the comps when they both buy and sell.. if a million a year is the "honest" price... scary to think what the actual numbers are.
Let people grind. I'd rather do the repack than a hobby box.
Love the video definitely followed
I have been kicking the repack idea around for a couple if years now. I want it to be something my customers are going to love and not hate. I have an idea how I would do it. its too truthful and I dont think people would buy in. I would definitely have a checklist. Maybe even item the packs. I have the same feeling around breaking. I am approved to break on all the platforms you would to be approved. I just feel like its getting in bed with scum bags
I have been on both ends of this, I have bought plenty of repacks and lost, I have also won so it is what it is
If you assume 75% of the people are weekly repack/breaks customers, they have a $25k/ year gambling habit...couple that with the modern market declines... And/or inaccurate comps, selling fees (unless you can sell everything with 0 fees). It must be really fun.
This is absolutely insane
Welcome back!
I’ve been buying cards to make repacks, so this is perfect haha. Never thought about the “morality” of it .. and I don’t care .. I tell you what Is and isn’t so you know what’s at stake. It’s no different than the buyer opening panini instead. Also there’s really not that many content creators making videos tailored to children. The content is just family friendly because why would it be any other way. I do also think it’s bad for kids to gamble (duh) but, that’s on the parents at the end of the day. There are RPs costing $500-200 and $50-15, if a child is spending hundreds on a RP the world has bigger issues.
We may disagree here and there but we can agree this was a good informative video 👍🏽
Good breakdown 👍
According to your math,
there is zero cost to sell on whatnot.
why>? because people want to hit a banger and tell their friends. @14:30
One thing I'll say: if the government says its okay for giant orgs like ESPN and all these sports betting places to take peoples money gambling, at least everyday people with youtube channels can too😂
A 100-card repack, where you know the bottom to top payout, is nothing like gambling at a casino.
Gambling is gambling no matter where you are. Repacks are ass, majority of the people who buy will lose. It’s a good way to make money but also a good way to lose money if your the buyer.
Repacks are ass... Best and most accurate comment of the day
Seems like a pretty sketchy video if you have to warn people of possible legal issues multiple times. Any collector with a half a brain is not buying any kind of repack, ever.
Not sure how this video is sketchy. This is truly just informative
He has to bring it up because apparently collectors aren't good at math or have gambling issues... It is a public service announcement.
@@wonderfootball gambling issues
Card collector 2 Even tries to tell people to stop bidding so much.And they still bid like crazy I was on one of his repack live
Streams And the people was paying almost the ceiling Every single time
he has a good client list.
You mean dumb