Using -120 odds as an example, sharps will risk $120 in order to win $100, thereby collecting a full unit if they’re typically putting down $100 on each wager. They will wager as much as needed on minus odds, say -120 odds, just to get a full unit. Sharps usually risk whatever it takes to win one whole betting unit on each wager they make. That’s why CLV is & will always be important. It’s about the dollars and cents you save on LOSSES. It’s not about wether your play wins after getting a better price. Instead of focusing on how much more you win with positive CLV, sharps will use CLV to help mitigate potential losses. Sharp bettors look at the dollars and cents of CLV in a slightly different way. $50 is half of your $100 wager, so some bettors would look at this as a 50 “cent” win in CLV terms. In an event where you wager $100 on +200 odds, and those odds shift to +150 by the time the market closes, you end up winning a total of $50 more than someone who wagered on the cusp of the closing lines. If the odds get worse after you’ve placed your wager, you’re clearly winning more money by getting in early. This approach is easy to understand because it focuses on how much more you win through CLV. It’s usually referred to as the “ dollars and cents” method. This most casual approach to CLV is fast and easy, however, it’s limited to moneyline betting exclusively. Let’s run through each of these three ways to highlight CLV. The important thing to remember is if you get favorable odds when you place your bet compared to what the lines close at, you’re getting good CLV no matter what. However, there are three different ways of looking at CLV and each of these methods come with alternative mathematical approaches: The first component is where the lines were sitting when you placed your wager, and the second in where the odds were set when betting closed on a particular event. Here’s a full breakdown of CLV, along with tips on how to integrate it into your betting strategy.Ĭalculating your closing line value has two key components.

A reverse scenario where you bet the team at -7, and then the line closes at -3, you’re sitting on negative CLV.

In this scenario, you only need the Broncos to win by more than three points to win your bet, while anyone who wagered later in the week needs them to win by more than seven points. If the line closes at Broncos -7 just before kickoff, you’ve got positive closing line value.

For example, let’s say you bet on the Denver Broncos to cover the spread at -3 on Tuesday.

Mlb opening and closing line