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Sportsbook Trader information

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$39.5K

$96.8K

$269.5K

How much do sportsbook trader jobs pay per year?

As of Jul 27, 2026, the average yearly pay for sportsbook trader in the United States is $96,774.00, according to ZipRecruiter salary data. Most workers in this role earn between $56,500.00 and $105,500.00 per year, depending on experience, location, and employer.

What does a trader do at a sportsbook?

A sportsbook trader is responsible for setting and adjusting betting odds to ensure balanced betting on all outcomes. They monitor betting activity, analyze data, and manage risk to maximize profitability while maintaining fair odds for customers. Traders often use specialized software and require strong analytical skills to perform their duties effectively.

What is the difference between Sportsbook Trader vs Sportsbook Analyst?

AspectSportsbook TraderSportsbook Analyst
CredentialsKnowledge of betting markets, risk management skillsData analysis, statistical skills, industry knowledge
Work EnvironmentFast-paced, real-time decision makingResearch-focused, data-driven analysis
Employer & Industry UsageSportsbooks, betting companiesSportsbooks, analytics firms, betting operators
Common Search & ComparisonYesYes

While both roles are integral to the sports betting industry, a Sportsbook Trader primarily manages betting lines and risk in real-time, focusing on market movements. A Sportsbook Analyst, on the other hand, analyzes data and trends to inform trading strategies and improve odds setting. Both roles require industry knowledge, but traders are more involved in immediate decision-making, whereas analysts focus on long-term insights.

How much does a sportsbook trader make?

A sportsbook trader's salary typically ranges from $50,000 to $120,000 annually, depending on experience, location, and the size of the sportsbook. Traders often earn bonuses based on performance and may work irregular hours to monitor betting markets continuously.

What are some common challenges a Sportsbook Trader faces in a fast-paced betting environment?

A Sportsbook Trader often encounters challenges such as managing real-time odds adjustments, responding swiftly to market and game developments, and minimizing risk for the sportsbook. The role requires quick decision-making under pressure, especially during live events when odds can change rapidly. Traders must also stay vigilant against irregular betting patterns and potential fraud, all while collaborating closely with analysts and risk managers to ensure the sportsbook remains competitive and profitable.

How much do sportsbook workers make?

Sportsbook traders typically earn between $40,000 and $80,000 annually, depending on experience, location, and the size of the sportsbook. Compensation may also include bonuses and benefits, and traders often need strong analytical skills and knowledge of betting markets.

What are the key skills and qualifications needed to thrive as a Sportsbook Trader, and why are they important?

To thrive as a Sportsbook Trader, you need strong analytical skills, deep understanding of sports, and proficiency in mathematics or statistics, often supported by a relevant degree. Familiarity with trading platforms, odds-compiling software, and risk management systems is typically required, along with knowledge of industry regulations. Exceptional decision-making, attention to detail, and the ability to work under pressure are crucial soft skills in this role. These skills and qualities are vital for accurately setting odds, managing risk, and ensuring profitability in a highly competitive and fast-moving environment.

What is a Sportsbook Trader?

A Sportsbook Trader is a professional responsible for setting, monitoring, and adjusting betting odds for sporting events at a sportsbook or betting company. Their main duties include analyzing sports data, monitoring betting markets, and managing the financial risk for the sportsbook by balancing the book. They use statistical models, market trends, and real-time information to ensure fair and competitive odds, aiming to maximize profits while minimizing potential losses. Sportsbook Traders work closely with other analysts and traders, often in fast-paced environments that require quick decision-making and attention to detail.

How much do traders make at DraftKings?

Sportsbook traders at DraftKings typically earn between $50,000 and $100,000 annually, depending on experience, location, and performance. Compensation may include base salary, bonuses, and benefits, with some traders earning higher with advanced skills and successful risk management.
More about Sportsbook Trader jobs
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Sportsbook Trader jobs near you
Infographic showing various Sportsbook Trader job openings in the United States as of July 2026, with employment types broken down into 90% Full Time, and 10% Part Time. Highlights an 80% In-person, 10% Hybrid, and 10% Remote job distribution, with an average salary of $96,774 per year, or $46.5 per hour.
Manager, Sportsbook Trading

Manager, Sportsbook Trading

Penn Interactive

Philadelphia, PA • Remote

Other

Posted 7 days ago

Job description

About the Role & Team

The Risk and Trading Team is responsible for all Sports Betting products, prices, risk management, Boosts, Specials, and Promotions 24/7 at a fast-paced North American facing operator (theScoreBet). We are currently looking for a highly motivated and suitably qualified team player for the position of Sr. Manager Sportsbook Trading. This role requires a highly professional, organized, and enthusiastic individual who is data-driven, is obsessed with sports and sports betting, and willingto push the boundaries to continuously improve the product
 
About the Work
  • Own end-to-end trading strategy, margin targets, and commercial KPIs for sports/team responsible for 
  • Ensure all markets are set up with the correct market limits and correctly reviewed as seasons ebb and flow. Ensure desired tournaments are covered and offers are consistently reviewed and updated. 
  • Imagining, creating, setting up, publishing, trading, and settling specials - all with a data-driven, scientifically-backed discipline.
  • Monitoring market liabilities and managing customer risk profiles on all digital channels - working hand in glove with analytics teams.
  • Work with analytics teams to investigate market trends to obtain insight that assists in the prediction of customer betting patterns, and improve GGR and NGR.
  • Collaborate with executive leadership/other teams on promotions, product roadmap, and tier-1 events strategy 
  • Drive continuous performance improvement and product quality/depth/coverage 
  • Drive sports product strategy and roadmap.
  • Compilation and circulation of reports to inform stakeholders of business performance and forthcoming activities. 
  • Investigate and propose ways to work more efficiently and implement new ideas.
  • Bring and enforce a strong understanding of adherence to your compliance responsibilities.
  • Enforce a high level of communication and transparency across the team while driving collaboration with both other Sportsbook teams and external teams 
  • Be the domain "encyclopedia" for your sports and be very knowledgeable about models driving your sports and their behavior/impact 
  • Set trading philosophies and strategies across the team (aggressive vs conservative pricing, automation levels, etc.) and ensure their implementation/execution 
  • Hold team responsible through continuous performance evaluation and regular performance reporting and ad hoc deep dives 
  • Ensure team has the strategies well understood, communicated and executed 
  • Other duties as assigned.
About You
  • Strong analytical and problem-solving ability.
  • Proven experience with a minimum of 5 years in a trading environment required.
  • Live trading experience would be a big benefit
  • Good all round sports betting knowledge and a strong interest in betting and odds required.
  • Data-obsessed, not just data-driven. Excellent mathematical skills.
  • Flexibility is a must as working hours will be dictated by business needs. Must be able to work flexible schedules including nights, weekends, and public holidays.
  • Able to multitask and work under pressure.
  • Ability to work in fast-paced environment and make decisions quickly.
  • Must have exceptional time management skills.
  • High attention to detail and precision in delivery.
  • Ability to learn quickly, work independently and in a team setting.
  • Strong initiative and outstanding work ethic.
  • Comfortability working PST hours. 
What We Offer
  • Competitive compensation package.
  • Comprehensive Benefits package.
  • Fun, relaxed work environment.
  • Education and conference reimbursements.

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