Trading Bases

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An ex-Wall Street trader enhanced Moneyball's sabermetrics to successfully bet on Major League Baseball games, achieving a remarkable 41 percent return in his first year. After losing his job following the Lehman Brothers collapse and an accident that left him in a wheelchair, Joe Peta turned to baseball for comfort. This rekindled passion led him to apply his risk-analysis expertise to improve sabermetrics and outsmart the Vegas betting line. He approached MLB as if it were the S&P 500, aiming to eliminate "cluster luck" from team statistics to accurately predict performance. His innovative "hedge fund" for baseball betting yielded an impressive 41 percent return in 2011, with minimal losses. Peta invites readers into the vibrant worlds of San Francisco ballparks, New York trading floors, and Vegas sports books, sharing the journey of his wagers. The narrative is often humorous and occasionally poignant, celebrating critical reasoning, trading cultures, risk management, and, above all, baseball, intertwining these themes throughout his remarkable story.