Why sharp bettors judge themselves against the closing price rather than against wins and losses, and how to track it yourself.
The closing line is the final price before kickoff, after every piece of information and every serious opinion has been absorbed. It is the most accurate forecast the market will ever produce. If you consistently take prices better than the close, you are consistently ahead of the most efficient estimate available.
This is why closing line value predicts future profit better than your win rate does. Results over fifty bets are mostly noise. Beating the close over fifty bets is a signal, because it measures the quality of your decision at the moment you made it rather than the outcome of a match that had not happened yet.
Track it simply. Note the price you took and the price at kickoff. If you backed 2.10 and it closed at 1.95, you beat the close by roughly 7%, regardless of whether the bet won. Do that consistently and profit follows. Do the reverse consistently and no amount of winning weeks will save you.
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