Quote from Itsar, the Laughing One
Overall cost - 8 tix. Or 2 tix + 10 phantom tix, so 1 phantom tix is worth 0.6 tix.
I understand the math here but it's even worse than you're making it out to be since phantom tickets can't even be traded - at least the cards/packs you win in a draft can be traded for tix or other cards. Phantom tickets do nothing but enter phantom events and in terms of pure EV they're worthless since you still have to pay 2 tix to enter!
The reality of it is, none of this EV talk matters, MTGO players aren't stupid, when a format with incredibly low EV comes along like this, nobody plays it - remember their first go at replacing 4-pack sealed?