A recent survey provides a gloomy outlook for new college graduates. The more positive points of the survey said there has been an increase in hiring by employers in the sports arbitrage industry. This is mainly due to new investment software that has taken sports arbitrage to the mainstream. Former City trader Rajeev Shah who authored ‘Sports-Arbitrage – How to Place Riskless Bets and Create Tax-Free Investments’ said by using computer software, it is possible to scan prices globally in seconds and uncover risk-free betting opportunities which provide guaranteed returns of as much as 12% per month. Using software such as ArbAlarm, ordinary people can now easily profit from this unique method of investment.
As an added bonus, to relieve economic fears the UK Treasury recently announced that the profits made from sports arbitrage trading will continue to remain free of all tax. This includes income and corporate tax. The survey mentioned that some college graduates are getting involved with sports arbitrage just for that reason.
Meanwhile, other graduates are feeling the pinch. The wages slow-down comes as competition for jobs intensifies. The proportion of employers demanding a 2.1 minimum has fallen 10% as companies seek to widen their talent pool and look for life skills as well as academic excellence. This means more competition for jobs and more opportunity for rejection.
The study found that the average salary for university leavers was £24,500 in 2008, a meager 2% increase on last year.
The rise, from £24,063 last year, represented the slowest rate of increase since the Association of Graduate Recruiters began keeping records eight years ago.
On the other side of the coin recruitment goals are at record levels in the gaming industry. Mr. Shah explained in an interview that an arbitrage occurs when different bookmakers’ prices on the same events overlap. In these cases, it is possible to bet on all of the outcomes in that event in such a way as to be guaranteed a total return which is greater than the total outlay. The mathematics of this type of trade are precise & the resultant profits are free of all risk.
The profits in gaming are so great especially with the new software on the market. Despite the exploding growth experts say the gaming industry is still in its infancy. Outside of gaming, the job market has become more competitive with an average of 30.7 graduates going for a single vacancy with the fast-moving-consumer-goods sector proving the most cut-throat with 112 applications per post.
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