Cracking the Code: My Challenging Optiver Trader Interview with Odds Games

optiver | | Interview Experience

Interview Date: Not specified
Result: Rejected
Difficulty: Not specified

Interview Process

The interview began with a focus on games involving odds rather than discussing the candidate’s background. The interviewer provided a brief explanation of the game concept before each round of questions, followed by follow-up inquiries. The emphasis was not on whether the game was profitable. During the interview, the candidate used the Kelly criterion to calculate betting ratios, initially doubting their approach when the ratio exceeded 100%. After discussions with the interviewer, who suggested under-betting, the candidate adjusted their strategy. The session lasted approximately 25 minutes, during which the candidate’s performance improved from 1,000 to 2,000. A rejection letter was received later that week.

Technical Questions

  • Discussed the Kelly criterion and its application in betting strategies.
  • Follow-up questions on decision-making processes in betting scenarios.

Tips & Insights

  • Focus on understanding the underlying principles of the games rather than just the outcomes.
  • Be open to feedback during the interview and willing to adjust strategies based on the interviewer’s suggestions.