Author
Bindng
Trading Bases: A Story About Wall Street, Gambling, and Baseball (Not Necessarily in That Order )
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An exWall Street trader improved on Moneyballs famed sabermetrics to place bets that would beat the Vegas odds on Major League Baseball gameswith a 41 percent return in his first year. Trading Bases explains how he did it.After the fall of Lehman Brothers, Joe Peta needed a new employer. He found a new job in New York City but lost that, too, when an ambulance mowed him down as he crossed the street on foot. In search of a way to cheer himself up while he recuperated in a wheelchair, Peta started watching baseball again, as he had growing up. Thats when inspiration hit: Why not apply his outstanding riskanalysis skills to improve on sabermetrics, the method made famous by Moneyballand beat the only market in town, the Vegas betting line? Why not treat MLB like the S&P 500?In Trading Bases, Peta shows how to subtract luckin particular cluster luck, as he puts itfrom a teams statistics to best predict how it will perform in the next game and over the whole season. His baseball hedge fund returned an astounding 41 percent in 2011 with daily volatility similar to funds he used to trade for. Peta takes readers to the ballpark in San Francisco, trading floors and baseball bars in New York, and sports books in Vegas, all while tracing the progress of his wagers. Far from writing a dry, doityourself guidebook, Peta weaves a story that is often humorous, and occasionally touching; the topic may be Big Data but its as entertaining as a Bill Simmons column. Trading Bases is all about the love of critical reasoning, trading cultures, risk management, and baseball. And not necessarily in that order.
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This product may contain chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm.
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