Odds & margin
Closing line value
How your price compares with the final price just before the event starts. Taking a better price than the close is seen as the best sign of good betting.
Also called CLV, Closing line
Example You took 2.40, it started at 2.10: you beat the closing line.
Related
Odds & margin
Value bet
A price higher than the real chance deserves. Value doesn’t mean the bet will win; it means the price is generous if you could make the bet many times.
Slang
Steam
A fast, sharp drop in a price across bookmakers, usually because large or well-informed money came in.
Odds & margin
Vig
The bookmaker’s built-in edge. Add up the implied chances of every outcome: anything above one hundred percent is their margin. Lower is better for you.
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