If I have both the Lizard Minion Trap and the Lizard Minion Repellent in my inventory.... what does it do? Increase or decrease my odds of catching the lizard?

If you actually want to catch a lizard, and not get the item that the event lists, then you only want the trap in your inventory.

If you want the items from the events and not the lizard itself, you want both in your inventory. That will give you a 75% of getting the item when you get a lizard minion event.

Thanks for the info. I currently have a Lizard Minion Trap in my inventory (Locked)...and when I got the event that basically says, "u see item x on ground but lizard minion ran off with it," I went to my inventory and found both the item and a comatose lizard minion.

I'm thinking of buying the repellent too though, and adding it to my inventory, in hopes of improving my odds. :-P

the odds of the trap alone is only 50%