Trading Bases: How a Wall Street Trader Made a Fortune Betting on Baseball

Amazon.com Price: $12.89 (as of 10/10/2019 23:40 PST- Details)

Categories: Baseball, Biographies, Biographies and Memoirs, Books, Business, Business and Money, Gambling, Humor and Entertainment, Investing, Professionals and Academics, Puzzles and Games, Sports, Sports and Outdoors, Stocks, Subjects

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An ex–Wall Street trader improved on Moneyball’s famed sabermetrics and beat the Vegas odds together with his own making a bet methods. Here is the tale of the way Joe Peta turned fantasy baseball into a dream come true.

Joe Peta turned his back on his Wall Street trading career to pursue an ingenious—and incredibly risky—dream. He would apply his risk-analysis skills to Major League Baseball, and treat the game just like the S&P 500.

In Trading Bases, Peta takes us on his journey from the ballpark in San Francisco to the trading floors and baseball bars of New York and the sportsbooks of Las Vegas, telling the tale of the way he created a baseball “hedge fund” with an astounding 41 percent return in his first year. And he explains the original methods he developed.

Along the way in which, Peta provides insight into the Wall Street crisis he managed to flee: the fragility of the midnineties investment model; the disgraced former CEO of Lehman Brothers, who recruited Peta; and the high-adrenaline atmosphere where million-dollar sports-making a bet pools were commonplace.

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