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William Mallios of Mallios Associates in California showed how he has developed a system of candlestick charts showing wins and losses by NFL, NBA and MLB teams and whether those teams covered lines . to legalize Vegas-style sports betting,” he said.

Also known as the line or spread, it is not the predicted margin of victory for one team, rather a number chosen by Las Vegas and overseas oddsmakers . indicates that team is the underdog by 13.5 points. Betting on the favorite means the team must .

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