Trading Bases
  • Published: 4 March 2014
  • ISBN: 9780451415172
  • Imprint: Berkley
  • Format: Paperback
  • Pages: 384
  • RRP: $35.00

Trading Bases

How a Wall Street Trader Made a Fortune Betting on Baseball

Formats & editions
EBook
7 Mar 2013
Paperback
4 Mar 2014
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The trade paperback reprint of Dutton's hardcover, TRADING BASES tells the story of a Stanford MBA and former Wall Street trader who applied his investment techniques and risk analysis skills to beat the odds and make money betting on baseball.

An ex–Wall Street trader improved on Moneyball’s famed sabermetrics and beat the Vegas odds with his own betting methods. Here is the story of how 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 sport 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 story of how he created a baseball “hedge fund” with an astounding 41 percent return in his first year. And he explains the unique methods he developed.
 
Along the way, Peta provides insight into the Wall Street crisis he managed to escape: 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-betting pools were common.
  • Published: 4 March 2014
  • ISBN: 9780451415172
  • Imprint: Berkley
  • Format: Paperback
  • Pages: 384
  • RRP: $35.00
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Praise for Trading Bases

"[Peta's] swaggering story, from frantic stock trader to professional sports bettor, is the basis of TRADING BASES, an entertaining book about how to turn your passions into profits. Even casual baseball fans could learn from it. Serious fans should slurp it up like ballpark beer."
--Los Angeles Times

"Peta's hardheaded but warmhearted narrative reads like a mashup of LIAR'S POKER and MONEYBALL peppered with besotted evocations of emerald green outfields and sports-bar camaraderie. His is that rare finance saga that's both smart and loads of fun"
--Publishers Weekly

"Peta created a reliable system for beating Vegas odds throughout the 2011 Major League season. (B)ut it's clear he loves the game as much as the winnings. Moreover, he asks a number of salient questions, such as: How can businesses on Wall Street and beyond apply thinking used by baseball sabermetricians to strengthen their own organizations? The answers, and how Peta arrived at them, make for great reading." -- Booklist

"A fun approach to developing the discipline necessary to separate reproducible skills from the disruptive effects of chance in baseball, finance and life. Peta's approach is helpful to understanding statistical analysis in any field, not just the chosen baseball specialty. The main focus on baseball provides a starting point for much more."
--Kirkus Reviews

"Often humorous and occasionally touching, TRADING BASES is all about wringing out useful information from 'Big Data' through critical reasoning, risk assessment, and an undeniable passion for baseball."
--New York Journal of Books

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