Looking for a little more understanding on CLV. First - is my interpretation correct?
CLV as I understand it is the value over the “true odds” but not the bookmaker odds including juice. So 5% CLV in example would be :
Example : Coin flip (heads or tails) at -105 odds on either side.
True odds are +100 or EVEN, so +105 on Heads would be a 5% value over the true odds.
Second - New questions :
a) Is CLV constantly added to, even when bets are lost? Is it ever subtracted from?
b) I feel like my CLV “drifts” in microscopic amounts sometimes. Earlier today it said CLV: $1,045 , then later (nothing had settled) , it read CLV : $1,037. Now it’s back up to $1,044. Is there any reason for this?