Closing Line Value
Closing line value compares an earlier betting price with the market's closing price using a stated convention. It is used to study execution and price movement across a sample, but it does not prove that one individual wager was profitable or that the closing market was correct.
Practical example
Illustrative example: Taking decimal odds 2.20 before a close at 2.00 gives a 10% price ratio advantage under the 2.20/2.00 − 1 convention.
Scaleo application: integration pattern
The sportsbook’s accepted-bet and settlement records remain authoritative for closing line value when planning a Scaleo integration. Pass the agreed resulting player or revenue events into tracking and check the contract’s treatment of subsequent settlement corrections.
Frequently asked questions
What should you check before using closing line value?
Name the reference market and formula because probability-based and price-based CLV measures can differ.
What is a practical example of closing line value?
Taking decimal odds 2.20 before a close at 2.00 gives a 10% price ratio advantage under the 2.20/2.00 − 1 convention.
Scaleo integration reference. Verify the endpoint contract and configured features for your implementation.
Apply the term in context
For the broader operator context, read what is iGaming. Review payment processors for online casinos when tracing the player funding journey. To compare the commission assumptions in a worked scenario, calculate RevShare profitability.
See this metric live in your own program: explore iGamingXpert browse the full glossary