The Company: BetJets

Role Name:  Horse Racing Trader

Location: Claremont, Cape Town

Role specifics: Permanent position – subject to probation period

Hours of work: As per Trading Rota 

Start Date: 01 November 2024

Role summary

BetJets will be launching as a proud subsidiary of the 4Racing brand. Aiming to become one of South Africa’s premier online sports betting and casino entertainment providers. BetJets will provide innovative gaming solutions, traditional horse racing products and a superior sports betting offering, all backed up by five-star customer service.

We operate under the jurisdiction of the Western Cape Gambling and Racing Board and uphold the principles of the National Responsible Gambling Programme, guaranteeing our adherence to stringent regulations to ensure a positive wagering experience.

The Horse Racing Trader at BetJets will be responsible for managing and optimizing the horse racing trading desk. This role involves developing and implementing a comprehensive horse racing strategy, managing risk, and ensuring the efficiency of operations related to horse racing events. The successful candidate will play a crucial role in enhancing our product offering, analyzing performance metrics, and safeguarding the integrity of our betting operations.

Requirements

• Strong understanding of horse racing and betting markets.
• Proficiency in data analysis and risk management.
• Excellent problem-solving and decision-making skills.
• Strong communication skills and the ability to collaborate across teams.
• Minimum 3 years’ experience in a horse racing trading environment.

Daily Responsibilities

• Horse Racing Desk Management: Oversee the horse racing trading desk during assigned shifts, ensuring smooth and effective operations.
• Strategy Development: Develop, implement, and maintain a strategic approach to horse racing trading to maximize profitability and market presence.
• Risk Management: Monitor and optimize risk management processes, suggesting improvements to enhance the overall trading performance.
• Product Enhancement: Identify weaknesses in the horse racing product frontend and collaborate with relevant teams to implement improvements.
• Data Analysis: Analyze complex data sets to identify key factors that can improve horse racing KPIs and overall trading outcomes.
• Customer Support: Provide expert support to the Customer Service team on horse racing-related queries.
• Event Management: Compile and manage manual horse racing events when necessary, ensuring accurate and timely results.
• Odds Management: Monitor and adjust odds movements based on the horse racing book’s position and market volatility.
• Suspicious Activity Monitoring: Identify and investigate suspicious betting patterns, including bonus abuse, late bets, arbitrage, and negative margin accounts.
• Player Profiling: Apply restrictions to online punters where necessary, including setting limits, deactivations, and bonus removals.
• Platform Development: Collaborate with the development team to improve trading platform functionality.
• Performance Reporting: Create, maintain, and analyze specific reports to identify and mitigate low-margin performance.
• Venue Risk Management: Manage risk for all horse racing venues, ensuring sound trading practices.
• Rota Management: Oversee and manage the monthly rota for the horse racing trading team.
• Reporting: Compile and present monthly performance reports for horse racing

We offer a competitive salary and the opportunity to play a pivotal role in a growing venture within the sports betting industry. We are an equal opportunity employer and value diversity. All employment decisions are made based on qualifications, merit, and business needs.