Wall Street, Gambling and Baseball

March 19th, 2013

What do you do if you are a veteran Wall Street trader who worked for Lehman Bros. when the collapse came?  To make matters even worse you were struck down by an ambulance and had to go through months of recovery.  Then when you finally returned to work, you were fired.

What you might do is turn to a new job in the 380 billion dollar industry that can return profits even bigger than Wall Street....sports gambling.  That's what Joe Peta did, but with difference. He used his skills as a Wall Street trader to bring discipline and metrics to sports betting. Riffing off the work of Bill James and Nate Silver, he would turn his dark days into a 41% profit and in the process, shares his story in Trading Bases: A Story About Wall Street, Gambling, and Baseball.

My conversation with Joe Peta: