Closing Line Value (CLV)
Definition
The difference between the odds you bet and the final odds at close. Consistently beating the closing line is the best indicator of long-term profitability.
Example
Betting at +150 when the line closes at +120 shows positive CLV.
Related terms
Decimal Odds
The most common odds format globally. Represents the total return (including stake) for a winning bet. Used throughout the EVSignals API.
American Odds
Odds format common in the US. Positive odds (+150) show profit on a $100 bet. Negative odds (-150) show the stake needed to profit $100.
Moneyline (ML)
A bet on which team will win outright, with no point spread involved. The favorite has lower payout odds while the underdog has higher odds.
Spread / Point Spread
A handicap applied to level the playing field between teams. The favorite must win by more than the spread; the underdog can lose by less than the spread or win outright.
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