How to determine Closing Line Value
The value of a bet relative to where the line closes is called the Closing Line Value.
The value of a bet relative to where the line closes is called the Closing Line Value (CLV).Bettors make a simple comparison of what number they bet a game compared to what the line ended up closing at through the CLV.Keep in mind that beating the market means getting the better price compared to the closing price when you resort to CLV.
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BETTORS SAVE, MAKE A DOLLAR WITH CLV
Punters get to save or make a dollar on half of their bets by going through CLVYou can beat the closing moneyline by just one cent per bet, for example, like if you bet STL at -134 and they close at -135 or you bet PIT +121 and they close at +120.Once a closing line is determined to be the point where each side has a 50% chance of winning at point spreads, you get an extra $75, which is almost a free unit.
TRACK CLV THROUGH ‘DOLLARS AND CENTS’
Moneyline sports track bettors usually track their CLV in terms of “dollars and cents.”A bet on a team at -120 that closes at -13 leads to “10 cents” of CLV, for example. This provides a simple way to track it that will suffice for punters who are looking for a fast and convenient way of calculating their CLV.You need to see the price being charged for the line they got in terms of spread betting through a free-to-use half-point calculator that is available online.
MULTIPLE BOOKIE ACCOUNTS NEEDED TO BEAT CLV
Like other betting strategies, bettors will need to register on multiple bookmaker accounts if you want to beat the CLV.There’s still one or a few bookies that’s off the rest of the market that can help you beat the CLV even if most sportsbooks copy each and keep the same lines.It also helps that you follow experts’ advice from your trusted websites that can help your cause.
There’s a free tool from Sports Insights that’s called the Line Predictor that analyzes more than 10 years of line changes to predict how the current lines will change using such data.Punters can create betting systems based on historical data dating back to 2005 by using Bet Labs.It’s almost a certainty that your system match will end being the sharp side once you’re able to create strong profitable systems.
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