Chat With Traders 215: William Beauchamp – Ex-Poker Player Assembles Team to Conquer Sports Markets
May 14, 2021
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Early Poker Bankroll Blowups
- William Beauchamp started poker at 15 with $10 borrowed from his mom's credit card and lost it quickly due to aggressive play.
- He went through repeated cycles of building bankrolls and losing big, including losing $75,000 in one session at age 17.
Risk Management Is Key
- William repeated the pattern of overconfidence and risk-taking leading to losses until age 28.
- The key difference was consistent and disciplined risk management separates top poker players from those who blow up.
Friend Proposes Sports Trading Pivot
- William's poker friend George left a top HFT firm and proposed applying algorithmic trading strategies to sports betting.
- Despite no coding or stats skills, William joined to leverage his poker mindset in sports markets for diversification.