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Sports Betting Risk Manager Jobs in Virginia (NOW HIRING)

... betting on trustworthy AI as one of the defining infrastructure categories of the decade. We've ... Experience in risk, legaltech, cybersecurity, or an adjacent regulated/compliance-driven market.

... betting on trustworthy AI as one of the defining infrastructure categories of the decade. We've ... Experience in risk, legaltech, cybersecurity, or an adjacent regulated/compliance-driven market.

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Sports Betting Risk Manager information

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 is a sports betting risk manager?

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.

What are popular job titles related to Sports Betting Risk Manager jobs in Virginia?

For Sports Betting Risk Manager jobs in Virginia, the most frequently searched job titles are:

What job categories do people searching Sports Betting Risk Manager jobs in Virginia look for?

The top searched job categories for Sports Betting Risk Manager jobs in Virginia are:

What cities in Virginia are hiring for Sports Betting Risk Manager jobs?

Cities in Virginia with the most Sports Betting Risk Manager job openings:

Assistant General Manager - PBR Hampton

Sports & Social

Hampton, VA • On-site

$65K - $75K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Re-posted 4 days ago


Job description

The toughest sport on dirt transformed into Hampton’s most stunning club all decked out with beautiful décor, cold beer, hard drinks, and a little bull ridin’! PBR Hampton: A Coors Banquet Bar - It's every urban cowboy and cowgirl’s nighttime oasis.

Assistant General Manager Responsibilities include, but are not limited to:

  • Control the day-to-day operations of the venue within the policies and guidelines set forth by the company, including the assurance of appropriate levels of staffing.
  • Maintain a professional company image, including restaurant and bar cleanliness, proper uniforms and appearance standards.
  • Control Profit & Loss by following cash control/security procedures, maintaining inventory, managing labor, reviewing financial reports and taking appropriate actions to include maintaining appropriate stock of liquor, beer and other bar or restaurant products.
  • Maintain cost of goods sold, nightly comps, nightly recap reports and safe audits by overseeing inventory counts.
  • Respond to customer service needs to provide the highest standards of service.
  • Assist the General Manager in the management of third-party vendor contracts.
  • Complete financial and personnel/payroll related administrative duties accurately, on time and in accordance with company policies.
  • Recruit, interview and hire supervisory and hourly team members; train, supervise and motivate; take disciplinary action and terminate supervisory and hourly team members when necessary.
  • Train employees, as assigned, in an ongoing basis.
  • Ensure a safe working and guest environment to reduce the risk of injury and accidents.
  • Manage all third-party entertainment vendors, as well as Entertainment Director, if applicable.
  • Assists with ensuring the daily deposits have been deposited, safe counts conducted and venue's cash is secured at all times.

Assistant General Manager Qualifications

  • High School Diploma or GED; College degree preferred.
  • Must have 1-3 years leadership experience in a fast paced hospitality food and beverage environment and have proven ability to thrive in such environment.
  • Good people management skills, communication and listening skills.
  • Proven ability to lead a team and communicate efficiently, both verbally and in writing.
  • Must be flexible and adaptable to change.
  • Demonstrated time management and organizational skills.
  • Must be internally motivated and detail oriented and have a passion for teaching others.
  • Exceptional time management and organization skills.
  • Ability to work evenings, weekends and holidays.
  • Must be at least 21 years of age.

The Assistant General Manager position requires the ability to perform the following:

  • Moving safely and efficiently about the facilities.
  • Carrying or lifting items weighing up to 75 pounds.
  • Handling food, objects, products, and utensils.
  • Bending, stooping, kneeling.

Compensation: The compensation range for this position is $65,000 - $75,000 annually. Eligible employees are entitled to a comprehensive benefits package following the required eligibility period, which includes:

  • Health, dental, and vision insurance
  • Personal and vacation time 
  • 401(k) plan with employer match