Truth is the Squids have much better mercs. And, at the beginning, they had better armour. Think about it- if their armour can take two hits as opposed to our armour which can get you killed in one hit, its like having double the tickets. And, as anyone who played NA1, morale has a lot to do with it. By the time the Squids were naked, our team was kinda depressed. They were naked, we had monk's robes, which is pretty much the same with the weapons we had. But when you're on a team that's losing, you lose confidence and you don';t fight as well.
But.... silver for silver, who won?