Joe Peta

I picked this up last spring, and am very glad I finally got around to it. The author was a Wall Street stock trader who devised a betting system for baseball games while recuperating from getting hit by an ambulance in a crosswalk.

There was much more about finance and especially the collapse of Lehman Brothers that Peta experienced first hand then I had expected, but it is tied nicely together into a discussion of risk management and gambling.

I was under the impression that the business-MBA world was spreading through baseball - see Jonah Keri's _The Extra Two Percent_ but this book makes the surprising argument that the Moneyball phenomenon could still have a huge positive influence in the trading world of The Street.… (meer)

Joe Peta a former wall street trader wrote this book about his development of a baseball betting strategy based on his experience as a trader. He claims success based on selecting wagers from an advantage based metrics type approach in essence as one would pick stocks and similar financial wagers.

I skipped through his chapter on the formulation of the strategy as it got a bit technical and wanted to get an overall impression of his wagering experience. I do not doubt he successfully implemented his strategy but for the average person to duplicate his results over the course of a baseball season would be a stretch.

Whether it be sports betting or investing the vagaries and changing conditions within the season or market climate usually calls for constant tweaking and reevaluating which a set formula is unlikely to perform consistently year in, year out. I may be wrong but that is my experience in similar endeavors.… (meer)