Sr Sports Trader & Risk Analyst at Magic Eden

Melbourne, Victoria, Australia

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Web3, NFT, Sports Betting, SportsbookIndustries

Requirements

5+ years of experience as a Sports Trader or similar role within iGaming or sportsbetting
Deep understanding of Soccer, Basketball, Tennis, Baseball, and Cricket betting markets
Expertise in core betting mechanics: spreads, moneylines, totals, parlays, props, teasers, and futures
Strong analytical and numerical skills with ability to make data-driven decisions quickly
Experience with trading platforms, market feeds, and automation systems from leading industry vendors
Excellent attention to detail and risk management mindset
Highly motivated self-starter with proactive approach to problem-solving
Strong critical thinking and decision-making abilities under pressure
Ability to thrive in fast-paced, ambiguous startup environments
Flexibility to work shifts including evenings, weekends, and holidays aligned with live event coverage
Passion for staying current with industry trends, regulatory changes, and best practices

Responsibilities

Monitor and manage pre-match and live betting markets across multiple sports, with primary focus on Soccer, Basketball, Tennis, Baseball, and Cricket
Adjust odds and markets in real time to optimize profitability and maintain market competitiveness
Execute trades to hedge against potential losses and balance book exposure
Analyse player behavior, trading performance, and risk exposure patterns
Monitor competitor pricing and market movements to maintain competitive positioning
Conduct post-event analysis to evaluate trading performance and refine strategies
Implement risk mitigation strategies during high-volume events
Identify and investigate irregular betting patterns or potential fraud
Manage and optimise trading tools, live odds feeds, and automation systems
Work with leading industry vendor platforms for trading and risk management
Collaborate with Product and Data teams to improve product & trading experience

Skills

Key technologies and capabilities for this role

Sports TradingRisk ManagementOdds AdjustmentLive BettingMarket AnalysisHedgingCompetitor AnalysisPost-Event AnalysisSoccerBasketballTennisBaseballCricket

Questions & Answers

Common questions about this position

What experience is required for the Senior Sports Trader & Risk Analyst role?

Candidates need 5+ years of experience as a Sports Trader or similar role within iGaming or sportsbetting, deep understanding of Soccer, Basketball, Tennis, Baseball, and Cricket betting markets, and expertise in core betting mechanics like spreads, moneylines, totals, parlays, props, teasers, and futures.

Is this position remote or onsite?

The position is onsite.

What sports will I primarily work with in this role?

The primary focus is on Soccer, Basketball, Tennis, Baseball, and Cricket betting markets.

What are the key professional skills needed for this position?

The role requires strong analytical and numerical skills, excellent attention to detail, a risk management mindset, and professional skills including being a highly motivated self-starter with proactive problem-solving, critical thinking, and decision-making under pressure.

What makes a strong candidate for this Senior Sports Trader role?

A strong candidate has 5+ years in sports trading within iGaming, deep sports market knowledge especially in Soccer, Basketball, Tennis, Baseball, and Cricket, expertise in betting mechanics, and proven skills in real-time decision-making, risk management, and using trading platforms.

Magic Eden

Platform for discovering and sharing digital media

About Magic Eden

Magic Eden connects creative communities with collections and creators through its online platform. Users can discover, create, and share collections of digital media, while also collaborating with other creators to build their own unique collections. Unlike other platforms in the same industry, Magic Eden emphasizes collaboration and offers a distinctive approach to discovering and sharing digital media. The platform generates revenue by charging users a fee for access and taking a commission from creators on the sale of their digital media. The goal of Magic Eden is to provide an easy and convenient way for users to engage with digital media and for creators to monetize their work.

San Francisco, CaliforniaHeadquarters

2021Year Founded

$155.1MTotal Funding

ICOCompany Stage

Consumer Software, Crypto & Web3Industries

51-200Employees

Risks

The ME token's volatility may affect investor confidence in Magic Eden.

Regulatory scrutiny over TestME token could pose legal and reputational risks.

Partnerships in the competitive gaming industry may lead to financial losses.

Differentiation

Magic Eden offers a unique platform for discovering and sharing digital media.

The company fosters community engagement through Magic Tickets and MagicDAO.

Magic Eden's cross-platform partnerships expand its reach in the NFT space.

Upsides

Increased interest in NFT gaming could drive more users to Magic Eden.

The ME token launch indicates a trend of NFT marketplaces enhancing user engagement.

Cross-platform partnerships like with Nifty Island expand Magic Eden's market reach.

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