July 10, 2017· 28 min

How A Former Wall Street Trader Cracked The World Of Betting On Baseball

Joe Peta

Orality

Model

67%

Oral-dominant (speeches, podcasts, storytelling)

Speaker Breakdown

HostTracy Alloway(1,066 words)

M:29%

HostJoe Weisenthal(392 words)

M:29%

GuestJoe Peta(3,297 words)

M:28%

Oral Indicators

Agonistic32%

literally, completely, definitely

Engagement79%

you, our, your

Memory Aids100%

listen, now, like

Repetition100%

know (79x), about (36x), what (36x)

Parallelism90%

And I'm Tracy Alloway...., But I don't think it was...., But that's not why I'm not bri...

Sound Patterns50%

26 question(s), alliteration: "markets move", alliteration: "barclays brief"

Formulaic Phrases12%

you know what, i mean, so to speak

Literate Indicators

Hedging8%

could, maybe, probably

Passive Voice12%

be applied, be applied, was involved

Abstract Nouns16%

investment, recommendation, popularity

Subordination13%

although, because, while

Sentence Length46%

Avg: 16.5 words/sentence

Word Complexity45%

investment, analyze, anticipate

Academic Markers0%

Impersonal Style21%

413 personal pronouns found

Descriptive Style100%

literally, completely, definitely

Description

It's no secret that a lot of people in finance like to bet on things. But how many of them take the time to actually beat the house in gambling? On this week's Odd Lots, we talk to Joe Peta, a former Lehman Brothers trader, and the author of "Trading Bases," a book about betting on baseball. Peta started focusing on baseball after a freak accident (getting hit by an ambulance) gave him lots of time to think about applying his trading knowledge to baseball. Eventually he launched a $1 million baseball betting fund that returned 14 percent in a year to his investors. On this episode, Peta talks to us about why baseball is uniquely suited to data analytics, how he was able to exploit market inefficiencies, and what sports betting can teach us about market structure. See omnystudio.com/listener for privacy information.

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