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It means that if a team who is the handicap favourite wins by two goals or one goal. For example you'd see team A (-1) draw (-1) team B (+1) , team A wins 1-0 or 2-1 by a one goal margin then the -1 draw would come through .
Handicap betting is where one selection in an event is given a "handicap" to overcome in order to win. This is popular when strong favorites are playing, instead of placing a match bet at short odds, you can place a bet at longer odds with a 1 or 2 goal start, or -12 point for instance.
He has a bet on the game. He made a bet with his brother that he could finish his chores first. He and his brother have a bet about who can finish his chores first. He lost the bet and had to pay his brother five dollars.
The number that follows the negative symbol (the odds) reveals how much to bet for everyR$100 you want to win. For example, as explained above, if the team you're betting has -110 odds, you need to wagerR$110 to winR$100. If your team has -150 odds, you must riskR$150 to winR$100.
