Horse Racing Trader Expert

2 weeks ago


Johannesburg, Gauteng, South Africa Initiate International Full time

A dynamic and experienced Horse Racing Trader Expert is required to join our team at Initiate International in Johannesburg, South Africa. This challenging role offers the opportunity to utilize your skills and expertise in horse racing trading to drive success and growth within the company.

About Us

Initiate International is a leading provider of premium betting services, offering a unique blend of sports trading expertise and innovative technology. Our team is passionate about delivering exceptional experiences for our customers, and we're committed to excellence in everything we do.

About the Role

We're seeking a highly skilled Horse Racing Trader Expert who can manage and optimize odds across various horse racing events. As part of our team, you'll be responsible for analyzing market trends, form guides, and statistical data to set and adjust prices, ensuring a balanced book across all types of horse trading and multi-sport events.

Key responsibilities include:

  • Odds Management: Manage and adjust odds for horse racing events, with a strong emphasis on horse trading strategies to maximize profitability and maintain a competitive edge.
  • Market Analysis: Analyze market trends, form guides, and statistical data to set and adjust prices, ensuring a balanced book across all types of horse trading and multi-sport events.
  • Risk Management: Collaborate with the risk management team to effectively handle liabilities across markets and ensure optimal balance.
  • Networking: Develop and maintain strong networks within the horse racing community and beyond to enhance trading strategies and market positioning.
  • Mentorship: Provide mentorship and support to junior traders, fostering a collaborative environment and ensuring development in both retail and online trading contexts.

To succeed in this role, you'll need:

Requirements
  • 7-12 years of experience in the gaming industry, with a focus on sports trading and a strong emphasis on horse racing.
  • Proven ability to run a book and balance risk effectively across multiple sports and events.
  • Strong understanding of both retail and online trading environments, with the ability to manage staff in both settings.
  • A good trader with a balanced skill set, able to adapt strategies across various sports while having a solid foundation in horse racing.
  • Excellent analytical skills and experience using trading software and tools.
  • Strong communication and leadership skills to collaborate with teams and guide junior traders.

In exchange for your expertise, we offer a competitive salary of R1,200,000 - R1,800,000 per annum, depending on experience. Additionally, you'll have access to professional development opportunities, flexible working hours, and a dynamic work environment that fosters innovation and collaboration.



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