I am now rank 20 in crucible on my warlock, and rank 44 on my hunter in the crucible (not counting deleted characters.) I would like to be informed on how smart loot works because I have yet to obtain a single "Y-09 Longbow synthesis" I would like to point out that I have received multiple boots and helmets before getting said sniper. I've made a deal with my friends and supporters of the destiny community that if my friend (rank 7 in crucible) gets his 3 longbow I will be deleting one character of his choice and sending the developers a message. So I would like to say thank you for the 4th pair of boots and all the ships I have received they will be staying on the character i will be deleting. I also don't have a LDR 5001. (Mind you I have read the "Code of Conduct" and this is not an attack towards anyone.)
~Project couule,
P.S. I made this with no love, a lot of sweat and many tears.
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Smart loot raises your chances to receive cosmetic items (ships, emblems, shaders) that your character hasn't already gotten, and gives you a better chance at gear with a higher LL than what you have currently equipped. That doesn't mean that you'll have a better chance of getting an exotic you haven't already unlocked (outside of Legacy engrams), or specific Legendaries that you don't already have.