Closing Line

Closing Line refers to the final odds offered by a bookmaker just before an event starts. It is considered the most accurate reflection of the true probability of an outcome, as it incorporates all available information, including betting action, injuries, and market adjustments.

• Sharpest Odds: The closing line is shaped by professional bettors and large betting volumes, making it the most efficient price.
• Beating the Closing Line: If you consistently place bets at better odds than the closing line, you have a long-term edge and a profitable strategy.
• Measuring Betting Skill: Many professional bettors track their bets against the closing line. If your bets consistently close at lower odds than what you took, it indicates positive Expected Value (EV).
• Market Efficiency: Over time, beating the closing line is more reliable than short-term wins or losses in determining if a betting strategy is successful.