An ex-Wall Street investor improved on Moneyball’s famous sabermetrics to put bets that could beat the Vegas chances on Major Group Baseball games-with a 41 percent come back in his 1st season. Trading Bases points out how he achieved it.

Following 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 within a wheelchair, Peta started watching baseball once again, as he had growing up..LEARNING MUCH MORE about Trading Bases: A TALE About Wall Street, Gambling, and Football (DEFINITELY NOT in That Order) That’s when motivation hit: You will want to apply his outstanding risk-analysis skills to improve on sabermetrics, the method made famous by Moneyball-and beat the only market around, the Vegas betting range? Why not deal with MLB like the S&P 500?

In Trading Bases, Peta shows how exactly 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 hasn’t been down more than 5 percent. Peta requires listeners to the ballpark in SAN FRANCISCO BAY AREA, trading floors and baseball bars in New York, and sports activities 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 task, Trading Bases is focused on the love of essential reasoning, trading cultures, risk administration, and baseball. Rather than necessarily in that order.