Closing line value (CLV) now in ValueBetting!

We now show closing line value (CLV) in ValueBetting.

We will update your charts today (23 feb 2021), let us know if you find anything strange, or have questions not covered by the articles above.

Closing line means the sharp/true odds just before match start, and are proven to be the most accurate prediction of the outcome of the match. Closing line value means the value you got, compared to the closing odds. This is the best predictor of your expected results.

This is why CLV have replaced the EV line in your charts. The old “EV” is still visible in your reports, with the more suitable name “value at placement”.

Read more:

Showing CLV instead of the old “EV” have many benefits:

  • It’s a more accurate prediction of the true outcome of the match.
  • It’s the most important metric when comparing results, betting strategies, efficiency per bookmaker/sport/market.
  • The old EV line is not a good predictor of expected profits, causing frustration when few reach up to it.

Value at bet placement is always (around 70% of the time) higher than CLV, mostly because the sharp margin shrinks closer to match start.

We have closing line odds for about 95% of all historic bets. Users that have been with us for a long time will have fewer.

4 Likes

Can we see the EV of closing line on tracker column? I still see its showing the EV when bet are placed

Yes, this will be added.

1 Like

Hi @Simon

Would it be possible to display the CLV bet by bet? I think it could be useful to make our analysis.

Thanks!

2 Likes

This is would be so good!

I agree, this would be super useful! Considering that many bookies allow us to close/cancel bets without cost or for a small fee it would be possible to avoid bets with bad CLV.

In my case, I bet on parlays with positive EV when feasible. When I do so, I still log the bet to track it. However, as you can imagine, my actual performance that I get is different from what I see on the general report. If I could see the CLV of each done bet, I could recalculate my actual CLV.

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After 200 bets my CLV is extremely low…. Below 1% even though I’m placing value bets that say they are at 1% value or higher…why is my clv so low???