It can certainly add up; it's all about probabilities.
Let's say I have four games left and my chances of winning each is 60%. I'm the favorite in every game - yay! Am I then expected to go 4-0 over those four games? Hell no. The chances of me going 4-0 are actually tiny - .6 x .6 x .6 x .6 = .13 or 13% I have a 13% chance of going 4-0 over those four games in which I'm the favorite. So, the computers, looking at the most likely scenario for those four games, will likely say 3-1. I'm favored to win each of those games individually, I'm a serious underdog to win all four of those games in a row.
Now, if I was a 90% fav in each of those four games, then the computers would predict I'd be 4-0 at the end, as .9 x .9 x .9 x .9 = .66 or 66%. I'd have a 66% chance of going 4-0.
IMHO that's some flawed math. The events are mutually exclusive. They are independent events.
Either way, let's just win out and put all this to rest!
Alan