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Casino gambling generally isn't a good way to make cash. Online casinos stack the odds against players by implementing house edge tactics. The longer you play, the more likely it is that you'll lose money. The house edge does, of course, vary.
Winning big sums of money at online casinos is indeed possible, but it's important to understand the odds and the nature of casino games. Here's how such wins occur and their frequency: High Variance Games: Big wins often come from playing high variance games like slots, where payouts are infrequent but can be large.
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.
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).