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You can refresh yourself on reading moneyline bets in our how to read odds section above, but here’s a breakdown of using implied probability with moneyline bets. The handicap we’re referring to is called a point spread, which will be in favor of the underdog, but you can bet against the favorite also. When reading a point spread for any football game, you’ll see the team’s name followed by the spread; this isn’t linked to your wager calculation.