It does work, at least in my experience. The challenge may be cheap for your n-of-1 but keep in mind the scraper bots are crawling number of domains with very high concurrency.
Sure, the cheap lock I added to the outside shed's door-latch is terrible and can be shimmed open in two seconds with a bit of flat metal... but the important thing right now is that it keeps the raccoons out. If there's a new threat to the gardening tools or the bikes, then I have a different problem and I'll consider something else.