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If the spread is set at +7,
the underdog must either win the game outright or lose by fewer than seven points in order to cover
. For the favorite to cover, they must win by more than seven points.
What Is A Spread In Sports Betting? - Forbes
forbes : betting : sports-betting : what-is-a-spread
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Betting odds are the ratio between the amount staked by the bookies and the bettor, so 7/1 means
the bookies stake seven times the amount the bettor has wagered
. If the bettor wins; their predicted outcome materialises; they will take seven times their bet from the bookie (in this case).
How do betting odds work? - William Hill
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