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Trading Bases: How a Wall Street Trader Made a Fortune Betting on Baseball Paperback – Illustrated, March 4, 2014
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"Devoted" by Dean Koontz
For the first time in paperback, from Dean Koontz, the master of suspense, comes an epic thriller about a terrifying killer and the singular compassion it will take to defeat him. | Learn more
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“[A] swaggering story from frantic stock trader to professional sports bettor....Even casual baseball fans could learn from it. Serious fans should slurp it up like ballpark beer.”—Los Angeles Times
“He reminds me of Nate Silver—he’s able to blend different worlds (in this case, baseball and finance) using his intense knowledge of each to give us a very entertaining read.”—Play-by-Play Announcer for the San Francisco Giants and ESPN National Sportscaster Dave Flemming
“Peta created a reliable system for beating Vegas odds throughout the 2011 Major League season…but 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
About the Author
- Item Weight : 12 ounces
- Paperback : 384 pages
- ISBN-10 : 0451415175
- ISBN-13 : 978-0451415172
- Product Dimensions : 6 x 0.8 x 9 inches
- Publisher : Berkley; Illustrated Edition (March 4, 2014)
- Language: : English
- Best Sellers Rank: #480,319 in Books (See Top 100 in Books)
- Customer Reviews:
Top reviews from the United States
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This was where the book fell apart for me. Peta is reputed to have made a "fortune" betting on baseball, but we will have to take his word for it. (Given his work on Wall Street in the 90s, a "fortune" might be relative, however.) What I wanted to know were things like the following: who took his bets - Las Vegas casinos? A bookie? Off shore casinos? Other persons at work? How much did he actually bet? What kind of money management did he employ? What did his equity curve look like? Anyone who knew Peta was (or should have been) aware that he would certainly fit the description of "smart" or "sharp" money and this would have made getting bets down difficult, no matter where. To make a "fortune," you have to move a large amount of money around in some manner. You are allowed to do many things in a casino, but winning large amounts of money consistently, (especially betting on sports) is not among them. You'd be 86ed or have the amounts you could wager cut severely. Spreading his action around would have helped. In the end, I'm guessing he did something altogether different, but if he won a fortune, then someone on the other side of his bets lost a fortune. These things, among others, are the details I hoped to read about. Unfortunately, no specific details about how he made his money are forthcoming. If you are considering buying the book for this reason, don't. If you enjoy enjoy baseball, especially the "numbers" and strategy side of it, Trading Bases is an enjoyable read.