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And red skins are about 2%
Mil-spec: 79.92%
Restricted: 15.98%
Classified: 3.2%
Covert: 0.64%
Knife/Glove: 0.26%
Chance to get one from each rarity after 250 cases:
Formular: 1 - ( ( 1 - x ) ^ y )
-> x = Chance and y = Number of tries
Mil-spec: 100%
Restricted: 99,999999999999999988%
Classified: 99,97%
Covert: 79.9%
Knife/Glove: 47,8%
As you can see yourself it's likely to get a covert skin after 250 cases, but still unlikely to get a knife/glove.
Either way. Opening cases isn't worth it. Even when you would get a knife it doesn't mean that it's a good knife. Maybe it's just a gut knife? And maybe a bad skin? And maybe even low wear? So it's not a 3k euro but a 70 euro knife.
https://www.pcgamesn.com/counter-strike-global-offensive/csgo- case- odds
Dices are a good example aswell. Chance of getting a 6 is 1/6 = 16,667%. The chance of getting a 6 out of two tries is 30.56%. = 1 - ( ( 1 - 0.1667 ) ^ 2 )
Edit: Exactly.