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Otherwise known as the final line, the closing line refers to the betting line before a bookmaker sets the odds for an event.
Example
An example might include a UFC match between Anderson Silva and Georges St. Pierre. The odds might start at 1.50 for Anderson Silva and 2.1 for Georges St. Pierre; at first many people might wager on Anderson Silva, but the bookmaker would likely shorten the odds on Georges St. Pierre to be more realistic, or to balance their books before the final line or closing line when the odds are set.
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