Renting Out Splinterlands Cards Or Playing Them?

in #sptlast year

Over the years months since its inception, Splinterlands has gone through a number of changes. So have I. When the game came out my time on Steem, or anywhere on the Internet, was rather limited, so I barely was aware of its existence. I first started getting excited about it around the time reward cards were introduced.

Screenshot_20190920 Splinterlands  Collect, Trade, Battle .png

Yes, those were the days! Aggressively playing daily quests, selling reward cards, and trying to make it to higher and higher leagues in each season. Of course, with each season there was some additional challenge: either there were less cards rewarding a quest, or the seasons were gradually reduced from three to two weeks, not to mention the huge number of reward cards made taking them to the market almost pointless. Eventually I got fed up with the game, and stopped playing for a while. That was just before tournaments were introduced.

After a hiatus of a couple of weeks, I started getting interested in Splinterlands again. Not as a player, at that time Drugwars was the latest craze, and I was all over that one, but as an investor. Just as I started selling off my decks, I realized the potential of renting out my cards instead. Talking about eating your cake, while having it for later too. It was the best decision ever! After a while renting out cards became as exciting as it was playing them.

Getting to Know the Rental Market

Thanks to PeakMonsters I could easily look at what each card was worth, according to the value other players attributed to it. For a sales transaction that's pretty straight forward. You can ask a certain price for a card you want to sell, or make a bid if you want to buy it, and if someone decides to accept it (naturally the highest bid and the lowest ask), you got yourself a deal. But for renting them out, things are a bit more complex.

When you want to compare your card with the rest, there are a number of parameters to consider: What's the daily fee charged for a card? How long are the possible contracts they can be rented for? And most importantly, how high is the escrow in case of early termination?

Strategizing With the Escrow

What on Earth is an escrow? Admittedly, I had heard the term before, but I had no idea what it meant. Looking up its definition further confused me with legal terminology. By trial and error, however, I managed to figure out how this obligation of payment in case of breaking the contract works, and how I could make it work for me! As it turns out, most people keep breaking contracts all the time... so why should I not cash in on it?

What I found out worked quite well, was using a relatively low daily fee (compared to other rentals of the same card at the same level), to make it seem like a bargain renting the card from me (instead of anyone else). This meant, my cards were rented quickly, and even though I didn't make too much on them, it was better than offering an expensive rental contract that nobody wanted. To make up for the cheap offer I added a juicy escrow, in case people changed their minds mid-way through the rental period.

Screenshot_20190920 PeakMonsters.png

At first it was just an experiment, but I quickly noticed how careless people were. Although they initially signed a contract for a month, they gave me back my card after only two days. And it didn't seem to bother them that the escrow was10%, but soon even 20-30% of the daily rental fee! Best of all, I got my card back (which could immediately be rented by someone else), and I got the sum for the entire time the card was not rented! Needless to say, it was a cause for daily excitement to see which contract was broken, and how much more money I raked in from it. Even if renters were wise and responsible, keeping the contracts they had agreed on, it meant a constant income, so I didn't mind it either. Money kept flowing in.

Getting Back Into Playing

So what could I do with all this Steem coming in from successful rentals? Of course: buying more monster cards! I quickly replaced the Earth and Death decks, which I had sold off before discovering rentals. Then I got myself a couple extra beta packs since they were so cheap. This meant, that all of a sudden I had myself a few extra summoners and monsters. And even though they were all level one cards, I couldn't resist the temptation of playing them again, along with my higher level cards that were not being rented at the moment. As soon as I was back in the game, I was once again doing daily quests, and collecting reward cards.

Over the last couple of seasons, I made another shocking discovery: the more I played my cards the less people were renting them. What happened? Did the prices change so drastically? Looking at the market didn't suggest so. It was much rather the fact that if a card had been played recently, it would be in cool-down mode when it got transferred. So I'd have to stop playing them for a while before anyone would want to rent it. Never mind! So I decided to finish this season, and then take another break from Splinterlands, hoping for good rental contracts.

New Reward Cards Coming Out

So, am I going to stop playing? Well... I can't say for sure. They say there are new reward cards on the horizon, starting to be released next season. Also, by that time I'll have just about managed to collect enough Dark Energy Crystals to buy myself 500 charges of Basic Legendary Potion, meaning that I'll have a 25% higher chance of getting legendary reward card. So I guess I'll keep playing for a while before going back to rentals.

Please check out these great communities I'm contributing to: 


#ecotrain | What is EcoTrain | Discord Community


#tribesteemup |The 8 Pillars of @TribeSteemUp


#team-mexico | Discord Community

Join us on Discord

#cyclefeed | Introducing CycleFeed | Discord Community


Sort:  

This is interesting.. I'll tread it later and will be right back 😉

Oh, I'm also renting my cards but I never thought of setting a small escrow, but it totally makes sense!

No man, it's the other way round: small daily fee, BIG escrow. At least that's how it seems to have worked for me.

Right, Imma try that out.

Excellent! Was looking for some information about renting cards. The best potions to buy right now are the gold (alchemy) potions, for the main reason that you earn additional DEC per each won battle for each gold card you use. So you are essentially earning "dividends" on the gold cards, and they ultimately end up PAYING FOR THEMSELVES in the long term. Then you could ALSO rent them at at some point. Great info...

Yeah, I heard that too recently. And I've been selling my gold cards, simply because they don't rent themselves out as well as legendary ones. I should still have my golden pit ogre though, if it hasn't sold yet.

Finally made time to read it seriously @stortebeker 😉 I still playing and almost completely maxed out the 30 reward cards (3 more common, 1 epic and 1 legend) while my deck only a silver deck, Im thinking about to rent out my reward cards (not deck) too.

The game is not really fun for me anymore with many competitive decks around😂 while Im not really a good player.

I wonder.. how do you get the payment of renting cards? Is it daily or once when the contract resumed?

Every day you are paid the amount you agreed on as the rental fee. If the renter breaks it, you get all the money they still owe you according to the escrow all at once.

Is it automatically paid by the renters or we need to remind them?

Hahaha, I don't think they have a say in it. That is, when they signed the contract, or rather when they decided to break it, it goes into effect automatically. So by breaking the contract the money is transferred to you instantly.

Oohh Ic, that's how it works when we use the rental market on peakmonsters😂 silly me😆 I just leased my card for free to some friend's deck... to help them out. But maybe when I really get tired of playing.. I need to use the market, Thank you @stortebeker 😉 if you want to play delegated deck level 1 let me know 😂😂😂 we can mess around the novice to bronze 2

Well, that's different. To help a friend out you don't even need to rent the card, just delegate it. I was gonna do something like this too, but then my friend decided they were less interested.
A level 1 deck? :-) I was actually thinking about putting together one that I can play while my advanced deck is being rented. But that's a slippery slope, you know. Because there will always be some level 3-4 cards that aren't being rented at a moment, and once I play it, it's unlikely that they'll be rented for another week or so... so I'd just continue playing them, plus another one, plus another one, etc... until they're all in cool-off mode. That's how it happened that only two of my cards are rented at the moment. So I guess I have to draw a radical line and STOP again for a few seasons.


Congratulations @stortebeker!
You raised your level and are now a Dolphin!

Do not miss the last post from @steemitboard:

SteemitBoard supports the SteemFest⁴ Travel Reimbursement Fund.
Vote for @Steemitboard as a witness to get one more award and increased upvotes!