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.
