You make a good point about parity and 3-0 not meaning teams are massively outgunned like it once was often the case. But still, even though because of parity the gaps between the playoffs teams are smaller than they were, they're still not exactly equal so Toronto being solid pre-series favorites going in isn't nothing.
Moneypuck has Toronto at 8.5%, so slightly better than 6.3%. I wouldn't put too much faith in their models but in this particular case, I do think it makes sense.
PS I realize that there isn't a massive difference between 8.5% and 6.3%, I'm just grasping at anything that looks like it might be a straw.
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I assumed you were a scotch kind of guy, what kind of bourbon were you drinking?