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Trading Bases Audiobook

Trading Bases: A Story About Wall Street, Gambling, and Baseball (Not Necessarily in That Order)

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Publisher's Summary

An ex-Wall Street trader improved on Moneyball's famed sabermetrics to place bets that would beat the Vegas odds on Major League Baseball games - with a 41 percent return in his first year. Trading Bases explains how he did it.

After the fall of Lehman Brothers, Joe Peta was out of a job. He found a new one but lost that, too, when an ambulance mowed him down. In search of a way to cheer himself up while he recuperated in a wheelchair, Peta started watching baseball again, as he had growing up. That's when inspiration hit: Why not apply his outstanding risk-analysis skills to improve on sabermetrics, the method made famous by Moneyball - and beat the only market in town, the Vegas betting line? Why not treat MLB like the S&P 500?

In Trading Bases, Peta shows how to subtract luck - in particular "cluster luck", as he puts it - from a team's statistics to best predict how it will perform in the next game and over the whole season. His baseball "hedge fund" returned an astounding 41 percent in 2011 - and has never been down more than 5 percent. Peta takes listeners to the ballpark in San Francisco, trading floors and baseball bars in New York, and sports books in Vegas, all while tracing the progress of his wagers.

Often humorous, occasionally touching, and with a wink toward the sheer implausibility of the whole project, Trading Bases is all about the love of critical reasoning, trading cultures, risk management, and baseball. And not necessarily in that order.

PLEASE NOTE: When you purchase this title, the accompanying reference material will be available in your My Library section along with the audio.

©2013 Joe Peta (P)2013 Random House Audio

What Members Say

Average Customer Rating

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Performance


There are no listener reviews for this title yet.

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  • Cameron
    18/04/16
    Overall
    Performance
    Story
    "A fascinating book, but buy the print version."

    With lively energy and a passion for the material, Joe Peta guides the reader through his journey from investment banker to investment better. His prose style is compelling, and he holds just the right mix of anecdote and analysis from cover to cover. The issue is that he does so with a myriad of statistics which, when read one by one, become incredibly tedious and difficult to interpret. Strongly recommend this book, but only in its print form.

    2 of 2 people found this review helpful
  • Holley
    st louis, MO, United States
    28/03/13
    Overall
    Performance
    Story
    "Fascinating"

    Captured from the first chapter. Great baseball insights. I do not gamble but the complexity of the analysis had many applications.

    2 of 2 people found this review helpful
  • Jennifer
    03/07/15
    Overall
    Performance
    Story
    "Excellent ideas!"

    This book had some very unique and excellent ideas! As someone who is a fan of baseball as well as an advantage player when betting on it, it was one of my favorite books I've read so far!

    1 of 1 people found this review helpful
  • T.Tech
    18/03/15
    Overall
    Performance
    Story
    "Entertaining & Informative!"

    This is an excellent book. It's fascinating to hear how the author combined his love of the game and his experience from Wall Street to profit by gambling on baseball. I love baseball and I'm not opposed to gambling on sports. I've never bet on baseball, partly because I didn't understand how it worked. The book explains in great detail about betting baseball and how it's very possible to use data to gain an edge. There are chapters that go over various odds and statistics for each team. I found those sections a little boring in the audiobook format but I'm sure they were great on paper. Still overalls it's an awesome book and the narrator did a great job.

    1 of 1 people found this review helpful
  • Joe Peta
    07/03/15
    Overall
    Performance
    Story
    "My Words Sound Better Out of Fred Sanders' Mouth"
    Have you listened to any of Fred Sanders’s other performances before? How does this one compare?

    Certainly honored the man who read Born to Run -- a staple on the iPods of many of my running friends -- ended up reading my words.


    1 of 1 people found this review helpful
  • Benjamin
    mexico city, Mexico
    28/02/14
    Overall
    Performance
    Story
    "Interesting baseball book for fans and gamblers"
    Would you recommend this audiobook to a friend? If so, why?

    I have recommended it to my brothers and family. Every stock broker can learn something from this book.


    What did you like best about this story?

    The casual baseball stories Joe Peta tells.


    Which scene was your favorite?

    His daughters first baseball game.


    Did you have an extreme reaction to this book? Did it make you laugh or cry?

    Some moments made me laugh and other made me sad. Baseball has that effect on people. This guy knows baseball and transmits it clearly.


    1 of 1 people found this review helpful
  • Amazon buyer in FL
    03/07/16
    Overall
    Performance
    Story
    "Interesting book better suited for reading than listening"

    Trading Bases was a great research based story involving formulas established to successful betting on baseball. There was ample background information to support the main story. With all the numbers and chart reading done by the narrator, it was a bit difficult to follow/remember the significance.

    Being a baseball advocate, it was easier for myself to know the statistics the narrator referred to, but a casual reader would probably need a physical book to get a better grasp of the number crunching. There are long lists of statistics, and it definitely helps to know a little baseball history to comprehend the tables read aloud.

    As with all books that give insight and strategy into making money, it intrigues me to find out how odds makers have altered their strategies in lieu of this book, if they did at all. It takes numerous hours and a high competency for statistics to put this knowledge to use, so I suspect there won't be a large number of new betters after reading/listening to Trading Bases.

    I would listen to this book again, although it definitely has a larger effect when heard closer to when it was written. The strategies can probably be applied for future applications, again assuming on how odds makers change their strategies.

    0 of 0 people found this review helpful
  • mattjc1983
    23/03/16
    Overall
    Performance
    Story
    "Very interesting!"

    Good listen, narrator is easy to listen to and subject is interesting. Lots of stats that would probably be easier to understand if visualized but not a huge problem.

    0 of 0 people found this review helpful
  • Matt
    30/01/16
    Overall
    Performance
    Story
    "Interesting system and approach"
    Any additional comments?

    Abridging the book for audio would have worked better, as just trying to read tables of information doesn't work too well in an audio book. Just summarising the important information would have worked better. The other content is good though.

    0 of 0 people found this review helpful
  • Joshua
    05/07/14
    Overall
    Performance
    Story
    "One of the best sports & financial books I've read"
    What made the experience of listening to Trading Bases the most enjoyable?

    I only read non-fiction and I only read books that I can learn from, otherwise honestly I am just wasting my time. Joe is not only a genius but he is a great story teller and writer.


    What did you like best about this story?

    The story was able to describe somewhat complicated concepts in a very simple easy to understand manner.


    What about Fred Sanders’s performance did you like?

    Fred did a good job. After a while you felt that Fred was in fact Joe which is the entire goal of a narrator.


    Any additional comments?

    I would recommend this book to ANY sports fan, anyone who bets on sports, anyone who loves baseball, and anyone in the financial business.

    0 of 0 people found this review helpful

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