Joe Peta details how he ventured off his Wall Street path to develop a method for betting on baseball. Trading Bases: How a Wall Street Trader Made a Fortune Betting On Baseball is an intriguing trader-turned-gambler tale that includes insight into the way he bets on baseball.
Trading Bases: How A Wall Street Trader Made A Fortune Betting On Baseball Book Summary
Mowing through a non-fiction book on the gambling methods can sometimes be a dreary proposition. The salacious tomes are rarely inspire confidence and the analytics-heavy reads can be maddeningly dull. Joe Peta has managed to craft a book that injects charm and personality into the subject without sacrificing the sabremetrics.
Trading Bases: How A Wall Street Trader Made A Fortune Betting On Baseball offers insight into how Peta came to pursue the world of baseball betting after exiting the world of trading. Approaching the sport like a Wall Street veteran, Peta viewed America's Pastime not unlike the S&P 400. The method in which Peta analyzes baseball is broken down for the reader to absorb. Risk analysis and data assessment are championed as key to understanding baseball trends and developments. Inside the pages, Peta lays out how his baseball "hedge fund" generated a 41% return in 2010.
The premium placed on sabremetrics in the book and in Peta's philosophy in general will probably come across as familiar to a certain breed of gamblers. Trading Bases is loaded with charts, tables and statistics providing analytical punch to a book that veers into memoir mode from time-to-time. The steady presence of data showcases may scare off some readers, but the patient will themselves holding a worthwhile entry into the sports betting canon.