Word-by-word conditional probabilities from Transformer-based language models are increasingly being used to evaluate their predictions over minimal pairs or to model the incremental processing difficulty of human readers. In this paper, we argue that there is a confound posed by the subword tokenization scheme of such language models, which has gone unaddressed thus far. This is due to the fact that tokens in the subword vocabulary of most language models have leading whitespaces and therefore do not naturally define stop probabilities of words. We first prove that this can result in word probabilities that sum to more than one, thereby violating the axiom that $\mathsf{P}(\Omega) = 1$. This property results in a misallocation of word-by-word surprisal, where the unacceptability of the current 'end of word' is incorrectly carried over to the next word. Additionally, language models' such implicit prediction of word boundaries is incongruous with psycholinguistic experiments where human subjects directly observe upcoming word boundaries. We present a simple decoding technique to reaccount the probability of the trailing whitespace into that of the current word, which resolves this confound. As a case study, we show that this results in significantly different estimates of garden-path effects in transitive/intransitive sentences, where a comma is strongly expected before the critical word.