What does the "line" on a bet in a specific sporting event mean?

What does the "line" on a bet in a specific sporting event mean?

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In a sporting event, the "line" are the odds of the bet. For example, if the Yankees are favored by two runs, the line on that game means the Yankees should win by more than two runs. If they win by one run, then in reality you lose your bet if you're betting on the Yankees.