Whats the difference between the point spread being -1 and the ML?

[AntGualdieri1]

I have here Chelsea to win -1 at -117 but Chelsea ML is at -195??
Don't understand such a big difference between the two as even if Chelsea tie on both, they still lose.
Can someone explain me why is there a difference or is the book just retarded

[Totolover1409]

It is possibly and somewhat likely that Chelsea wins by a goal. At Chelsea -1, you push and don't win what you would have won betting on the ML.

[Vaughany]

Also a difference between european and asian handicap. asian handicap -1 is as descirbed above...stake back if chelsea win by 1. -1 european handicap would be a loss if chelsea won by 1 so is same as -1.5 asian

[AntGualdieri1]

oh shit just realized what you said toto looks like i wont be playing any action too jucyy