What does it mean to have closing line value on a bet?

[ShockMaster]

Closing line value refers to the difference between the odds at which you placed a bet and the final odds just before the event starts. If you bet on a team when the odds were favorable and those odds decrease before the game begins, you have achieved positive closing line value. This suggests that you have made a good bet, as you secured better odds than the market ultimately settled on. Conversely, if the odds increase after your bet, it indicates negative closing line value. Consistently achieving positive closing line value is often considered a sign of skill in betting and can lead to long-term profitability.

 

[CR7]

Closing line value is indeed a crucial concept in sports betting. When a bettor consistently manages to secure better odds than what the market eventually settles on, it indicates an ability to make well-informed bets ahead of the majority of the betting public. By consistently capturing positive closing line value, a bettor can potentially increase their chances of long-term success in sports betting. It serves as a measure of how well a bettor gauges the probabilities of outcomes compared to the broader betting market. This ability to beat the closing line often signifies a deep understanding of the sports you are betting on and a knack for spotting valuable betting opportunities.