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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.
They are American money line odds; for example, +200 signifies the amount a bettor could win if wageringR$100. If the bet works out, the player would receive a total payout ofR$300 ($200 net profit +R$100 initial stake).
As stated, a negative number means the bookie sees the outcome as more likely. The number gives you how much you would need to bet to winR$100 in profit. A positive number indicates the underdog. The number shown in the betting odds tells you how much you would win if you betR$100.
A plus (+) represents longer odds, in which case you'll win more for your wager, while a minus (-) means you're betting on a more likely outcome (as deemed by the sportsbook) and will win less when you emerge victorious. For example,R$100 on +110 odds wins youR$110, whileR$110 on -110 odds wins youR$100.