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An ex–Wall Street trader improved on Moneyball’s famed sabermetrics and beat the Vegas odds with his own betting methods. Here is the story of how Joe Peta turned fantasy baseball into a dream come true.
 
Joe Peta turned his back on his Wall Street trading career to pursue an ingenious—and incredibly risky—dream. He would apply his risk-analysis skills to Major League Baseball, and treat the sport like the S&P 500.
 
In Trading Bases, Peta takes us on his journey fr

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Book ID Asin: 0451415175
Book Title: Trading Bases: How a Wall Street Trader Made a Fortune Betting on Baseball
Book Author: Joe Peta
Book Format and Price:
Book Format Name: Kindle
Book Format Price: $13.99
Book Format Name: Audiobook
Book Format Price: $0.00
Book Format Name: Hardcover
Book Format Price: $40.03
Book Format Name: Paperback
Book Format Price: $16.99
Book Price: $16.99
Book Category: Books, Humor & Entertainment, Puzzles & Games and unknown
Book Rating: 222 ratings

Trading Bases: How a Wall Street Trader Made a Fortune Betting on Baseball by Joe Peta Book Review

Name: IM
Rating: 4.0 out of 5 stars
Title: Good Book
Date: Reviewed in the United States on October 2, 2022
Review: really enjoyed reading the entire book pretty basic I did not think can actually improve my game predictions. i do recommend the book for anyone looking to gain insights into the game of baseball.

Name: Girl of Summer
Rating: 5.0 out of 5 stars
Title: A Dugout Full of Unexpected Charm
Date: Reviewed in the United States on March 10, 2013
Review: It starts with the dedication.

Before you ever get to a word about Wall Street, about gambling, or even baseball in Joe Peta's memoir, there is an 11 word dedication -- shorter than the average tweet -- that gives you a clue Trading Bases isn't your run-of-the-mill book about any of those topics. I won't reveal it here, but it's sweet, funny and charming and by the time I got to the middle of the book where the numbers-heavy passages subtlely morphed into unexpectedly charming storytelling, I realized, just like the "not necessarily in that order" subtitle, it provided a clue as to what was to come.

The chapters dealing with sabermetrics -- the science of baseball statistics Peta credits men like Bill James and Nate Silver with creating -- are fortunately filled with pop culture references and analogies not related to numbers so that they read easily, even for those who are inclined to skip the tables scattered across those early chapters. But once the foundation of those early chapters are set, they serve as a starting point for discussions on Lehman Brothers, the financial crisis, the similarities between Las Vegas bookmakers and Wall Street traders and, of course, being a baseball fan. It's the baseball discussions -- the experience of enjoying a game in a bar with friends, the oh-so-American tradition of having a catch with your dad, etc -- that are so moving I found myself reaching for tissues. Chapter 12 alone, which I won't spoil with details, earns this book 5 stars.

It won't surprise me if the gamblers and traders that share Joe's interests love this book. What might shock them is how much their wives and parents do too.

Name: Chad M. Supp
Rating: 4.0 out of 5 stars
Title: A smart book about numbers wrapped in an enlightening memoir.
Date: Reviewed in the United States on April 11, 2013
Review: I bought Trading Bases on the recommendation of the smartest guy writing about baseball today, Joe Sheehan. My interest was in the author's application of modern sabermetrics to create an edge in baseball wagering. I was fascinated by this process, and very much enjoyed the author presenting the numbers in step-by-step detail (he shows his math). However, the parts of Trading Bases I found most interesting were the memoir chapters that describe the author's experience with Wall Street, from his college recruitment to his experience with the complete breakdown of a global banking giant, as well as his unique insight into what exactly went wrong, and why it wasn't properly fixed. Which presents interesting contrasts for the book - because the Wall Street chapters are so profound and deal with such a large, looming subject, the chapters about baseball, advanced metrics, and sports wagering can feel somewhat small and overshadowed. The author attaches deep personal meaning to baseball, and his overall process is detailed in the context of healing and recovery and professional transition, so it's not that these chapters don't have weight. But for the reader, you may be well into the book, looking for a little more Michael Lewis and a little less Nate Silver. I recommend the book, and will buy Joe Peta's next book, especially if it's more narrowly focused on the world of trading desks, hedge funds, and global finance.

Name: black neon
Rating: 2.0 out of 5 stars
Title: NOT ENOUGH INFORMATION
Date: Reviewed in the United States on February 6, 2016
Review: To me, this was a tale of two stories. In the first part the author demonstrates his in-depth knowledge of all things baseball. His knowledge of the statistical side of the game is off the charts - to the point of being overwhelming to the lay person. All of this is mixed together with experiences as a Wall Street trader and makes for an interesting read. It was at this point, after he has demonstrated his knowledge, that I hoped he would explain, IN DETAIL how converted his insights into cash by betting.

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.