- Monitor sports betting markets and make quick, informed decisions to accept, adjust, or reject bets based on risk management principles and market analysis.
- Implement effective risk management strategies to ensure the sportsbook operates within acceptable risk parameters. This includes adjusting betting limits, analyzing exposure, and managing liabilities.
- Stay abreast of sports events, odds movements, and betting patterns to anticipate market trends and identify opportunities for optimization.
- Work closely with other traders, analysts, and relevant departments to share insights, enhance strategies, and contribute to the overall success of the sportsbook.
- Utilize trading tools and technologies to enhance efficiency, automate routine tasks, and optimize the acceptance process.
- Generate and analyze reports on key performance indicators, trading performance, and betting activity to inform decision-making and identify areas for improvement.
- Must be able to stand or sit and operate computers and other technological devices for extended periods of time.
- Bachelor's degree in a related field or equivalent work experience.
- Previous experience in sports trading, risk management, or a related field within the sports betting industry a plus.
- Strong analytical skills with the ability to make data-driven decisions in a fast-paced environment.
- Excellent communication and teamwork skills.
- Knowledge of sports and betting markets, particularly in relation to BetMGM offerings.
- Familiarity with trading platforms, odds compilation, and risk management tools.
- Believe in Your Game - Take your shot There's a freedom to explore ideas usually only start-ups are lucky enough to experience.
- Backed by the Best - With our expertise-merged with that of our world-class investors-we have the opportunity to take this business, and ourselves, farther than anyone has ever imagined.
- Do What's Right - We operate with clarity and simplicity, always doing the right thing by our customers and each other, standing shoulder to shoulder every day.
- Hustle Hard - Our combined commitment and ambition is what drives us to create some of the most innovative products in the industry.
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Bet Acceptance Trader - Jersey City, United States - Betmgm
Description
Position:
Bet Acceptance Trader
Location:
Jersey City, NJ
Remote Status: Hybrid
Job Id:
2270
# of Openings:
4
Bet Acceptance Trader
About Us
We are BetMGM. We are revolutionizing sports betting and online gaming in the United States. We are a partnership between two powerhouse organizations-MGM Resorts International and Entain Group. You know our name through our exciting portfolio of brands including BetMGM Sportsbook, Borgata online, Party Casino and Party Poker. We aim to bring our ideas into action and find ways to deliver the best quality in gaming platforms.
We understand that each card in the deck plays a unique role in any given hand, just as our employees each play a unique role in accomplishing our goals as a company. We strive to create a culture of empathy where our employees feel valued, heard, and comfortable bringing their authentic selves to work. We want to build a product and a workplace that reflect the communities we serve so we approach our work fearlessly, take responsibility when we get it wrong, and ante-up again. We play to win, and we are all-in together.
We were recognized as one of Glassdoor's "Best Places to Work".
About the Role
As a BetMGM Bet Acceptance Trader, you will play a crucial role in managing the acceptance and execution of sports bets on our platform. Your responsibilities will include monitoring market conditions, analyzing customer betting trends, and making real-time bet acceptance decisions to optimize our sportsbook's performance.
Responsibilities
As a online gaming company, BetMGM is required to comply with state gaming regulations which includes licensing obligations. Applicable employees must be licensed by at least one jurisdictional agency, although certain positions require licensing by multiple agencies. Failure to become licensed or maintain licensure with each agency as required for the role may result in termination of employment. Please note that the licensing process includes comprehensive background checks which may include a review of criminal records, financial history, and personal background verification.
About Our Culture
Building BetMGM from the ground up takes effort, energy, and teamwork, but that's what will make leading this industry all the more satisfying. We stay focused on our main goal with the help of these four company pillars:
As a valued employee, we're committed to giving you the resources and support you need. We offer Medical, Dental, Vision, Life Insurance, Commuter Benefits, Paid Time Off, Holidays, Employee Resource Groups and more
Gaming Compliance
Candidate must comply with and support the company's responsible gambling policies, procedures and initiatives.
This job description is not an exclusive or exhaustive list of duties a person in this position may be asked to perform from time to time.
BetMGM LLC is an Equal Opportunity Employer. We provide equal employment opportunities to all qualified individuals, regardless of race, religion, gender, gender identity, age, marital status, national origin, sexual orientation, citizenship status, veteran status, disability, or any other legally protected status. As an organization, we are unwavering in our commitment to maintaining a discrimination-free work environment, and fostering a culture of inclusivity, belonging and equal opportunity for all employees and applicants.
We understand that each card in the deck plays a unique role in any given hand, just as our employees each play a unique role in accomplishing our company goals. So, we are committed to an inclusive culture for all and empowering our employees to thrive in meaningful careers. At BetMGM, we play to win, and we are "all in" together. If your experience looks a little different from what we've identified and you think you've got what it takes, we'd love to learn more about you.
If you need assistance or accommodation with your application due to a disability, you may contact us at
Applicable salary ranges may differ across markets. Actual pay will be determined based on experience and other job-related factors permitted by law. The position is also eligible for an annual bonus.
#LI-MH1
Pay Range: $59,680 - $75,000 per year
Apply for this Position
