Senior Trader and Multi-Sport Strategist

1 month ago


Johannesburg, Gauteng, South Africa Initiate International Full time
Job Description

A senior sports trader with a strong background in horse racing and a passion for sports betting is sought for a dynamic role at Initiate International. The successful candidate will manage and optimize odds across various horse racing events while maintaining a broad understanding of multi-sport trading.

Key Responsibilities:

  • Oversee the management of odds for horse racing events, focusing on effective horse trading strategies to maximize profitability and maintain a competitive edge.
  • 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.
  • Monitor live horse racing and other sporting events, making informed decisions based on performance, track conditions, and market shifts.
  • Collaborate with the risk management team to effectively handle liabilities across markets and ensure optimal balance.
  • Develop and maintain strong networks within the horse racing community and beyond to enhance trading strategies and market positioning.
  • Provide mentorship and support to junior traders, fostering a collaborative environment and ensuring development in both retail and online trading contexts.
  • Utilize trading platforms and analytics tools to evaluate performance and implement innovative horse trading strategies, while being versatile in multi-sport management.

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.
  • Excellent analytical skills and experience using trading software and tools.
  • Strong communication and leadership skills to collaborate with teams and guide junior traders.

Salary: R1 200 000 - R1 800 000 per annum, depending on experience.



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