MUN vs ARS·Next Goal — Man Utd2.10MUN vs ARS·Next Goal — No Goal3.40MUN vs ARS·Next Goal — Arsenal2.90RMA vs SEV·Next Goal — Real Madrid1.60RMA vs SEV·Next Goal — No Goal5.00RMA vs SEV·Next Goal — Sevilla3.20INT vs NAP·Next Goal — Inter4.00INT vs NAP·Next Goal — No Goal1.20INT vs NAP·Next Goal — Napoli3.50ALC vs SIN·Match Winner — Alcaraz1.85

Closing Line Value

Also called: CLV, Beating the close

The difference between the price you took and the price the market settled at just before the event started.

Consistently taking a bigger price than the closing one is the measure most serious bettors use to judge whether their process is any good, because it is far less noisy than short-run profit and loss.

Measuring against the closing price

Price you took2.10 (47.6% implied)
Closing price1.90 (52.6% implied)
ResultPositive closing line value
If it had closed at 2.40Negative closing line value

Note: closing line value says nothing about whether an individual bet won — a bet can beat the close and still lose.

Related terms

Value Bet

A bet where your own estimate of the outcome's chance is higher than the chance implied by the price.

Odds Movement

Prices move as money arrives and as the match state changes, reflecting the market's changing opinion.

Overround

Add up the implied probabilities of every outcome in a market. The excess above 100% is the bookmaker's built-in margin.

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