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Shadow Case

Shadow Case

Released Sep 15, 2015

Drop odds

Every standard case uses the same rarity distribution, so opening one is mostly a Mil-Spec lottery: red and gold pulls together account for less than 1% of openings. Roughly 1 in 10 drops comes out StatTrak™.

Rarity tierSkins in tierTier oddsOdds per skin
Mil-Spec Grade779.92%~11.417% (1 in 9)
Restricted415.98%~3.995% (1 in 25)
Classified33.2%~1.067% (1 in 94)
Covert20.64%~0.320% (1 in 313)
Rare Special Item130.26%~0.020% (1 in 5,000)

Source: rarity odds disclosed by Valve for case openings in China. Opening also requires a key bought in-game, so factor that cost in before chasing a specific skin.

Is opening worth it?

Case price
$1.62
Key price
$2.49
Expected return
$5.60
Return rate
136%

The market has priced this case close to its opening value: $4.11 in, $5.60 expected out. That does not make it a good bet, because the average hides extreme variance: nearly 80% of pulls land in the cheapest tier, and the rare drops carry almost all the value. If you want a specific skin, buying it directly is still the reliable route.

Method: official tier odds times the average median market price of each skin across its wears (28 of 29 items have live listings, prices from 2026-07-14). StatTrak upgrades are ignored, which makes the estimate slightly conservative.