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yes you are assured to win but not assured to win your money back.unless you find some one dumb enough to take the even money favorite bet but i doubt it.
ANY real bookie online or in person wont be dumb enough to take that bet. But good luck with your theory cuz your going to need it.
Alternately, if Portland wins by less than 7, you're out $20.
Edit:
So, lemme get this straight...You bet on Portland with the spread. If they win at all, you win the bet, even if they don't make the spread? What's the point of taking the spread, then?