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Sports Betting Risk Manager Jobs (NOW HIRING)

Fliff

Head of Risk & Trading

Philadelphia, PA · On-site +1

$100K - $150K/yr

At least 5 years of experience in risk management within sports betting or a related field, with a proven track record of success in managing sportsbook or fantasy sports risk and developing ...

Fliff

Head of Risk & Trading

Philadelphia, PA · On-site +1

$100K - $150K/yr

At least 5 years of experience in risk management within sports betting or a related field, with a proven track record of success in managing sportsbook or fantasy sports risk and developing ...

Fliff

Head of Risk & Trading

Philadelphia, PA · Remote

At least 5 years of experience in risk management within sports betting or a related field, with a proven track record of success in managing sportsbook or fantasy sports risk and developing ...

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Sports Betting Risk Manager information

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$51.5K

$111.6K

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How much do sports betting risk manager jobs pay per year?

As of Jun 7, 2026, the average yearly pay for sports betting risk manager in the United States is $111,556.00, according to ZipRecruiter salary data. Most workers in this role earn between $90,000.00 and $129,000.00 per year, depending on experience, location, and employer.

How does a Sports Betting Risk Manager work with trading teams to manage exposure and minimize losses?

Sports Betting Risk Managers collaborate closely with trading teams to assess betting patterns, monitor real-time liabilities, and implement strategies that balance risk. This often involves adjusting odds, setting betting limits, and intervening in high-risk situations to protect the sportsbook’s profitability. Regular communication with traders ensures that all team members are aware of emerging risks and market trends, fostering a proactive approach to risk management. The role requires quick decision-making and analytical skills, especially during live sporting events when betting volumes can fluctuate rapidly.

What are Sports Betting Risk Managers?

Sports Betting Risk Managers are professionals responsible for overseeing and managing the risks associated with sports betting operations. They analyze betting patterns, set odds, monitor large wagers, and implement strategies to minimize financial losses for sportsbooks. Their job involves using data analytics and risk assessment tools to ensure the profitability and integrity of the betting platform. By identifying unusual activity and adjusting betting lines, they help protect the business from potential fraud or significant losses.

What are the key skills and qualifications needed to thrive as a Sports Betting Risk Manager, and why are they important?

To thrive as a Sports Betting Risk Manager, you need strong analytical skills, a solid understanding of probability and statistics, and experience in risk assessment, often supported by a degree in mathematics, finance, or a related field. Familiarity with sports betting platforms, risk management software, and proficiency in data analysis tools like Excel or SQL are typically required. Exceptional attention to detail, decision-making under pressure, and effective communication distinguish top performers in this role. These skills are crucial for managing exposure, ensuring profitability, and maintaining the integrity of betting operations in a fast-paced, constantly changing environment.

What is the difference between Sports Betting Risk Manager vs Sportsbook Analyst?

AspectSports Betting Risk ManagerSportsbook Analyst
CredentialsRisk management certifications, finance or statistics backgroundData analysis, sports betting knowledge, statistical skills
Work EnvironmentCasino or online betting platforms, risk departmentsSportsbooks, betting companies, data analysis teams
Industry UsageFocuses on managing overall risk and setting limitsFocuses on odds setting and market analysis

While both roles involve analyzing sports data and managing betting risks, the Sports Betting Risk Manager primarily oversees risk exposure and implements strategies to minimize losses. In contrast, the Sportsbook Analyst concentrates on setting odds and analyzing market trends to optimize betting offerings. Both positions require strong analytical skills and industry knowledge, but their core responsibilities differ in scope and focus.

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Sports Betting Risk Manager jobs near you

Sports Betting Management

Brightstar Lottery

Roma, TX

Full-time

Medical, Life, Retirement, PTO

Posted 7 hours ago

Job description

Brightstar is an innovative, forward-thinking global leader in lottery that builds on our renowned expertise in delivering secure technology and producing reliable, comprehensive solutions for our customers. As a premier pure play global lottery company, our best-in-class lottery operations, retail and digital solutions, and award-winning lottery games enable our customers to achieve their goals, fulfill player needs and distribute meaningful benefits to communities. We have a longstanding commitment to Responsible Gaming (RG) that is engrained within our core business and the products we offer to customers and players worldwide. Brightstar has a well-established local presence and is a trusted partner to governments and regulators around the world, creating value by adhering to the highest standards of service, integrity, and responsibility.  Brightstar has approximately 6,000 employees. For more information, please visit www.brightstarlottery.com.

Role overview:

Brightstar Lottery, S.p.A. operates in the Italian regulated lottery and gaming market and has recently launched an online betting and gaming platform which it wants to scale rapidly.

We are seeking a senior manager to help us develop a winning strategy, a compelling customer proposition under pinned by a robust risk management process and team, after the recently launch of the online betting and gaming platform which it wants to scale rapidly.

We are looking for an entrepreneurial, driven, and highly experienced Head of Sportsbook to lead this venture from the ground up.

What we are looking for:

We need a dynamic leader to take full ownership of our nascent sports betting vertical. As the Head of Sportsbook, you will own the end-to-end commercial and operational performance of the sportsbook vertical. You will define our go-to-market strategy, manage our 3rd-party platform provider to deliver a localized product roadmap, and oversee all sports risk and trading operations and our outsourced risk management provider.

Main Responsabilities:

Commercial Strategy & Growth:

  • Develop and execute the end-to-end commercial strategy for the Brightstar Italy online sports betting business.
  • Identify growth opportunities across customer acquisition, retention, sportsbook performance, promotional effectiveness, and player value.
  • Collaborate with marketing and CRM teams to design sports-specific promotions, campaigns, and user acquisition funnels
  • Define key performance indicators (KPIs) and establish robust reporting to monitor performance.

Product & Platform Management:

  • Own the sportsbook product roadmap in partnership with our 3rd-party platform provider.
  • Review, optimize, and localize the sportsbook offering to ensure it meets the specific demands and behaviours of the Italian consumer market.
  • Act as the primary point of contact for the platform provider, ensuring SLAs are met, and new features are delivered on time.

Risk Management & Trading:

  • Build from Scratch: Establish the company's entire sports risk management framework, policies, procedures, and controls.
  • Phase 1 (Launch): Manage and monitor the external B2B partner providing our initial risk management and trading services. Define requirements, monitor performance, and ensure alignment with our commercial and risk tolerance objectives. Ensure their algorithms and manual interventions align with Brightstar’s commercial goals.
  • Phase 2 (Scale): Develop robust, proprietary risk management processes, liability limits, and trading procedures tailored to our growing user base and recruit and lead an internal risk management team if required.
  • Own the P&L Exposure: Oversee the sportsbook trading position, monitor betting patterns, and optimize risk management strategies to protect profitability while ensuring a competitive customer offer.
Requirements:
  • Market Knowledge: Deep understanding of the Italian sports betting market, local customer preferences, and regulatory frameworks.
  • Vendor Management: Proven experience working directly with sportbetting platforms and managing product roadmaps and delivery.
  • Risk & Trading Expertise: Deep understanding of sports betting risk management, liability mitigation, and pricing strategies. Experience transitioning from outsourced to in-house trading is a massive plus.
  • Entrepreneurial Drive: Highly self-motivated with a proactive "builder" mentality. You have the initiative to operate with autonomy and the agility to adapt as the business scales.
  • Language: Fluent in Italian and English.
Success in This Role Will Look Like:
  • A clear and actionable commercial strategy for the sportsbook business.
  • A well-prioritized sportsbook product roadmap aligned with customer and business needs.
  • Strong governance and performance management of outsourced risk/trading operations.
  • Robust internal risk processes and procedures that support growth.
  • Successful hiring and development of an internal risk management capability.
  • A sportsbook operation that is scaling, commercially effective, and operationally controlled.
Professional Experience/Seniority:

A minimum of 5 to 7 years of experience in the online sports betting (iGaming) industry, with a strong background in sportsbook management, commercial performance, or trading.

The ideal profile is completed by:
  • Proactivity
  • Results-driven mindset
  • Effective communication
  • Critical thinking
  • Ability to navigate complex environments

#LI-YG1 #Hybryd

This information reflects Brightstar Lottery’s good-faith estimate of compensation for this position at the time of publication. Actual compensation will be determined in accordance with the applicable collective agreement and internal compensation policies. Factors that we consider include, but are not limited to, role, career level, performance, skills, level of expertise, experience, location, market competitiveness, and internal equity. The estimated starting compensation range is â‚Ĵ46,002 – â‚Ĵ58,387. The Company will comply with all local pay requirements and collective bargaining agreements, where applicable.

In addition to base salary, employees may be eligible for an annual performance-based bonus with a set target (10% of salary) aligned with individual and company performance. Eligibility and payout may be prorated based on date of hire and service during the performance period or sales commission.

Other Benefits Offered:

  • Paid time off
  • Health insurance, life insurance, and disability insurance
  • Opportunities to volunteer your time to company-driven initiatives, employee networks or organizations of your choice​
  • Variety of well-being programs​
  • Retirement benefits including Supplementary Pension
  • Additional benefits available depending on the seniority of the role
  • Mobility Benefits
  • Meal Vouchers

This position is governed by collective bargaining agreement, which regulates the main terms and conditions of employment, including minimum salary levels, classification, working hours, leave, and other employment rights.   

Our hiring process is conducted in line with principles of pay transparency and equal pay. We do not request or rely on candidates’ salary history during the selection process.  

All Brightstar employees have a role in information security. Annual training will be assigned and required as appropriate.

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