Toronto is 2-11 in its last 13 games, 1-7 in its last eight games and playing its fifth straight road game.
 
But on closer inspection, I find the Raptors to be a good value play here. 

Toronto hasn't been healthy. Now the Raptors are after getting back RJ Barrett, Jakob Poeltl and Immanuel Quickley. They all played in the Raptors' last game two days ago. That was against Oklahoma City. The Raptors were 8 1/2-point underdogs. Toronto took the Thunder to double overtime before losing but covering. 

The Raptors have had a day to rest and recuperate. They haven't played in back-to-back games since Jan. 17-18. So the fatigue factor isn't that bad. 
New Orleans is laying double-digits despite being in an awkward scheduling spot. This is the Pelicans' sixth game in 11 days. They just concluded a four-game road trip with a one-point victory against the 10-40 Spurs this past Friday. The Pelicans pulled that game out when Zion Williamson scored with 3.8 seconds left. 

After this matchup, the Pelicans go back on the road for four more games. So their concentration level could be off.