Closing Line
The final odds or spread for an event just before it starts. The closing line incorporates all late information and betting action, making it a strong indicator of the true market consensus. Many bettors use the closing line as a benchmark for evaluating their bets (see CLV).
If Canelo’s odds drifted from -150 to -180 by fight time, -180 is the **closing line** on Canelo. The **closing line** is considered the most efficient reflection of probabilities after all factors (money, news) have been accounted for.