Measure whether you beat the market's final price on your bets.
Optional — removes the vig from the closing line for a truer read
Closing Line Value—
Fair Closing Odds—
Fair Closing Probability—
What is the Closing Line Value?
The closing line is the market's most informed opinion — it has absorbed all the money and information before game time. Consistently beating the close (getting better odds than the closing price) is the strongest predictor that you're a winning bettor, and it shows up hundreds of bets before your profit graph does.
How to use it
1.Enter the odds you bet and the closing odds on the same side.
2.Optionally enter the closing odds on the other side — that removes the vig from the close for a truer measurement.
3.Positive CLV means you beat the close; your EV at close is your expected long-term ROI on that bet.
Example
You bet +110 and it closed -105 / -115. Against the no-vig close your CLV is about +7% — a bet you should be happy with no matter how it settled.