Best way to convert spread to ML to determine closing line value?

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chilidog

chilidog

Joined
Oct 31, 2021
Messages
285
I initially started using the 1/2 pt calculator to determine this, but it's a PITA to do this all the time. With everything else I have automated in my spreadsheet, I wanted to do this the same, so I started brainstorming different ways. I also don't know how current the 1/2 pt calculator is kept up to date with fresh data on push probabilities.

One option is to record the ML price of the spread bet I make and get probability % based on that, then determine CLV based on closing ML.

Another option is that I scraped all the closing lines for all the main US sports since 2019 and have them in a table in a separate sheet of my spreadsheet. If I grabbed the average ML value for, for example, every time the spread was -7 -105 in the NFL, would that be close enough to determine CLV?
 

hazliam

hazliam

Joined
Dec 16, 2021
Messages
667
I initially started using the 1/2 pt calculator to determine this, but it's a PITA to do this all the time. With everything else I have automated in my spreadsheet, I wanted to do this the same, so I started brainstorming different ways. I also don't know how current the 1/2 pt calculator is kept up to date with fresh data on push probabilities.

One option is to record the ML price of the spread bet I make and get probability % based on that, then determine CLV based on closing ML.

Another option is that I scraped all the closing lines for all the main US sports since 2019 and have them in a table in a separate sheet of my spreadsheet. If I grabbed the average ML value for, for example, every time the spread was -7 -105 in the NFL, would that be close enough to determine CLV?
A high total vs a low total can affect the ML value too.
 

mikesmith99

mikesmith99

Joined
Jan 8, 2022
Messages
2,908
I initially started using the 1/2 pt calculator to determine this, but it's a PITA to do this all the time. With everything else I have automated in my spreadsheet, I wanted to do this the same, so I started brainstorming different ways. I also don't know how current the 1/2 pt calculator is kept up to date with fresh data on push probabilities.

One option is to record the ML price of the spread bet I make and get probability % based on that, then determine CLV based on closing ML.

Another option is that I scraped all the closing lines for all the main US sports since 2019 and have them in a table in a separate sheet of my spreadsheet. If I grabbed the average ML value for, for example, every time the spread was -7 -105 in the NFL, would that be close enough to determine CLV?
I think that with three season under the belt that's enough pool size to have a number you can trust. In case of a huge disparity between the first season and the last 2 figure out an error percentage to take into account
 
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