Nothing to be confused about. Everyone lost the Florida game because Florida did not cover the spread. The odds makers and points setters all felt that Florida was runaway favorite in this game.
Brief Explanation:
The spread is the great equalizer. It gives both teams equal footing in the game for gambling and pick'em purposes.
For example:
Florida was a 36.5 point favorite over Miami of Ohio. Florida didn't cover the spread, which means if Florida won by anything less than 36.5 points, Miami of Ohio was the winner. If Florida had won by exactly 36.5 points it would be considered a tie (or push).
If anyone has questions feel free to ask.