This is an interesting idea.
I might follow your method in the future for the experience. :)
Opening chests and packs are indeed exciting.
From an analytical perspective, however, its a really a gamble.
Risking $ 2.99 for a $1.32 reward is not that logical - its a not even a 1:1 risk reward ratio.
If you don't mind, I would love to see an analysis based also on the probability of drops and then compare it to your actual result.
Anyway, here's a slice of !PIZZA as an appreciation for sharing your experience.
Yeah, the excitement gained from opening chests is probably my biggest motivator for boosting my power. Since gains so far are so small XD
$2.99 was my base rental cost and I got rewards with an estimated value of $4.99.
$1.32 was my final net. It would have been $2 if not for my mistake.
Thanks for mentioning valuation of chests based on drop probability. I hadn't considered it before and was mostly basing it on the actual stuff I get. It's a good angle to look into. I'll probably include it in my next season's rewards post. But for a quick overview ...
Based on Splinterlands loot chest estimator, current chest value is $0.225. With the last season, I got 16 more chests. So that's 16 x $0.225 = $3.6. My actual rewards were higher. I got lucky by getting one booster pack with a 1.50% drop rate :)