Price: $35.00
The paperback edition of TRADING BASES, originally published by Dutton, unveils the thrilling journey of a Stanford MBA and former Wall Street trader who ingeniously applied his investment strategies and risk assessment prowess to beat the odds in the world of baseball betting. This is the tale of how Joe Peta improved upon the acclaimed sabermetrics of Moneyball and outperformed Vegas odds with his unique betting system, effectively turning fantasy baseball into a dream reality.
Peta decided to leave his Wall Street career behind to chase a daring, and potentially perilous, dream. He sought to utilize his risk-analysis expertise in the realm of Major League Baseball, treating the sport as if it were the S&P 500. In Trading Bases, Peta invites readers on his extraordinary journey from the baseball field in San Francisco, through the bustling trading floors and vibrant baseball bars of New York, and into the adrenaline-fueled sportsbooks of Las Vegas. He narrates the fascinating creation of his baseball “hedge fund”, which yielded a remarkable 41 percent return in its first year, and shares the innovative methods that he developed.
Throughout the narrative, Peta offers a deep dive into the Wall Street crisis that he narrowly avoided, the instability of the mid-nineties investment model, the infamous former CEO of Lehman Brothers who initially recruited him, and the exhilarating environment where million-dollar sports-betting pools were a common occurrence.