Trading Bases: A Story About Wall Street, Gambling, and Baseball (Not Necessarily in That Order) Audiobook (Free)

An ex-Wall Street investor improved on Moneyball’s famous sabermetrics to place bets that would beat the Vegas chances on Major League Baseball games-with a 41 percent come back in his 1st calendar year. Trading Bases points out how he achieved it.

Following the fall of Lehman Brothers, Joe Peta was out of employment. He found a fresh one but dropped that, too, when an ambulance mowed him down. In search of ways to cheer himself up while he recuperated within a wheelchair, Peta began watching baseball again, as he had growing up..READING MORE approximately Trading Bases: A TALE About Wall Road, Gambling, and Baseball (DEFINITELY NOT in That Order) That’s when inspiration hit: Why not apply his excellent risk-analysis skills to boost on sabermetrics, the technique made famous by Moneyball-and beat the only marketplace around, the Vegas betting series? Why not treat MLB just like the S&P 500?

In Trading Bases, Peta displays how exactly to subtract luck-in particular “cluster luck,” as he puts it-from a team’s statistics to best predict how it will perform in the next video game and over the whole season. His football “hedge account” returned a fantastic 41 percent in 2011-and hasn’t been down a lot more than 5 percent. Peta takes listeners to the ballpark in San Francisco, trading floors and baseball bars in New York, and sports activities books in Vegas, all while tracing the improvement of his wagers. Frequently humorous, occasionally coming in contact with, and using a wink toward the sheer implausibility of the whole task, Trading Bases is focused on the like of important reasoning, trading civilizations, risk management, and baseball. And not necessarily in that order.