Closing Line Value (CLV) Calculator
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Did you beat the closing line? Enter the odds you took and the closing odds for the same selection to see your CLV as a price percentage and in probability points. Add the opposite side's closing odds and it strips out the bookmaker margin for a truer, no-vig CLV.
Enter the odds you took and the closing odds to see your CLV.
How closing line value is worked out
For odds you took y and closing odds c:
CLV (price) = y ÷ c − 1, and CLV (probability) = (1 ÷ c − 1 ÷ y) in percentage points.
Example: you took 2.00 and it closed at 1.80. Price CLV = 2.00 ÷ 1.80 − 1 = +11.11%; probability CLV = 55.56% − 50.00% = +5.56 pp. You bought a better price than the market's sharpest estimate. If instead it closed at 2.40, price CLV = 2.00 ÷ 2.40 − 1 = −16.67% — you lost to the close.
Removing the margin (no-vig)
The raw closing odds still carry the bookmaker's margin, so comparing to them slightly overstates your edge. Enter the opposite side's closing odds and the tool converts both to probabilities, removes the margin, and compares your price to the fair closing probability. In the example above, a 1.80 / 2.10 close carries a 3.18% margin; the fair closing odds are 1.857, so the true CLV is +7.69% rather than +11.11%.
Calculations are exact from the numbers you enter. This tool is for information only and assumes decimal odds on a single selection.
Related guides & tools
- Closing line value explained — why beating the close is the best test of a winning bettor.
- Value betting explained — the edge CLV measures.
- Margin & Fair Odds Calculator — strip the vig from any market.
- Expected Value Calculator — turn a probability edge into money.