Overview
Sports Trader Jobs in Melbourne, Victoria, Australia at XO Sports
Title: Sports Trader
Company: XO Sports
Location: Melbourne, Victoria, Australia
About Us
XO Sports is a next-generation, AI-powered sports technology platform delivering data-driven insights, predictive analytics, and a world-class mobile-first experience for sports fans and bettors globally.
Following successful launches in Australia and the US, we are rapidly scaling across major sporting leagues including the NBA, MLB, WNBA, NFL and other global sprots. As part of our early team, you will play a key role in building and shaping a product used by a growing global audience.
At XO Sports, we’re a collaborative, results‑driven group where innovation, accountability, and teamwork are core to how we operate. You’ll work alongside seasoned leaders in technology, AI, and sports analytics, contributing directly to products that reach and influence sports fans worldwide.
Our vision is bold: to empower the world to win through cutting‑edge predictive analytics and AI tools that genuinely put the odds back in users’ favour. Every team member plays a meaningful role in delivering that vision, and we believe your expertise, leadership, and passion for building impactful systems will help take XO Sports to the next level.
The Role
We are seeking an experienced Sports Trader to help decode, model, and optimise sportsbook market behaviour. This role is built for individuals who have operated inside a sportsbook environment and understand how odds are created, adjusted, and defended.
Requirements:
Minimum 5+ years experience as a Sportsbook Trader
Direct, hands-on experience working within:
- Odds compilation
- Live trading / market management
- Risk and customer profiling systems
Critical Expertise Required
Candidates must bring deep, practical knowledge of how sportsbooks operate at a market level, including:
1. Market Creation (Odds Formation)
- How sportsbooks generate opening lines using:
- Quantitative models and historical data
- Internal pricing frameworks and trader judgement
- Understanding that odds are not purely predictive, but include margin and risk considerations
2. Odds Movement & Market Adjustment
How and why sportsbooks change and update odds in real time, including:
- Reaction to betting flow (sharp vs public money)
- Response to new information (injuries, news, liquidity)
- Competitive positioning vs other books
Understanding that market prices continuously evolve based on data, betting activity, and risk balancing
3. Risk Management & Limiting Behaviour
Strong understanding of how sportsbooks:
- Manage exposure and balance their books
- Accept, reject, or reprice bets
- Apply stake limits or restrictions
Practical knowledge of how:
- Bettors are identified and profiled
- Streaks or sharp behaviour trigger limits or restrictions
- Customer-level decisions integrate into overall trading strategy
