Trading Bases by Joe Peta
A Story About Wall Street, Gambling, and Baseball (Not Necessarily in That Order)

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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.
-NY Journal of Books

Synopsis

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.
 

About Joe Peta

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JOE PETA was a Wall Street market maker and hedge fund stock trader for fifteen years. A sports bettor for even longer and a lifelong baseball fan, he lives in San Francisco.
 
Published March 7, 2013 by NAL. 377 pages
Genres: Biographies & Memoirs, Business & Economics, Humor & Entertainment, Sports & Outdoors. Non-fiction
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NY Journal of Books

Good
Reviewed by Alex Hapka on Mar 01 2013

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.

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