In the world of sports betting, there’s a crucial concept that separates the winners from the losers: closing line value (CLV). Join Chris, a seasoned betting expert, as he delves into the intricacies of CLV, explaining its significance and demonstrating its practical application. Discover how to identify and capitalize on value bets, maximizing your profits and transforming your betting strategy from mere gambling to calculated investing.

Closing Line Value (CLV) Explained

Closing line value (CLV) is a key concept in sports betting that measures the difference between the expected value of a bet and the actual price offered by a sportsbook. In other words, CLV tells you how much value you’re getting for your money when you place a bet.

Closing line value (CLV) is a powerful tool that can help you make more informed decisions about your sports betting. By understanding CLV, you can identify value bets and maximize your profits. But the good thing here is that RebelBetting will do all that for you! Finding value bets has never been easier.

Why CLV is important

CLV is important because it allows you to make informed decisions about your bets. By understanding CLV, you can identify bets that are more likely to be profitable and avoid bets that are likely to lose money.

How to calculate CLV

There are a few different ways to calculate CLV, but the most common method is to use the following formula:

CLV = (Expected Value – Actual Price) / Actual Price

Where:

  • Expected Value is the probability of winning a bet multiplied by the payout if you win
  • Actual Price is the price offered by the sportsbook

Maximising your profit with RebelBetting

By identifying and capitalizing on value bets, you can maximize your profits in sports betting. Try RebelBetting for free for 14 days and watch your betting profits grow:

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Hanna from RebelBetting

Author: Hanna Falkdal, Customer Support Manager

Hanna works with customer support and relations. Making sure every customer is as happy as can be is always her top priority, as well as educating them on how to make money on sports. She has graduated as a Journalist.

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