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Best of Howard Schwartz

Gaming Guru

 

Feist 'Football Workbook,' 'Casino Credit & Collection' Reference Key GBC Arrivals

23 July 2003

Jim Feist's "2003 Football Workbook (Pro and College)" (305 pages, 8x11 plastic spiralbound, $39.95) and "Casino Credit & Collection" (195 pages, hardbound, $50), though worlds apart in content and audience, comprise two key arrivals at Gambler's Book Shop this week. One is sought after by handicappers year after year; the other is a new title that will likely become a best-seller in its own market.

Feist's annual title has its own unique style in that it is a recordkeeper that allows you to record the results of every regular season pro and college game, with score, totals, opening and closing line. (It indicates division games for the pros.) You'll have 10 years of spreads and totals, year by year, to refer to, as well as a look at how each 2003 opponent fared against the home team 10 years back. Let's say the Bears are playing the Broncos this year (which they are Nov. 23). Feist shows you every meeting Chicago has had with Denver since 1993 -- they met twice with the last meeting in 1996, when the Broncos won 17-12, but the Bears covered against an 11-point spread and the game went under, against a 42 bookmaker's total.

In another section there is a summary showing how teams performed in various point-spread situations -- ranging from pick'em to three-point to over 10 points -- as favorite or dog and home or away, then again on turf vs. grass. That breakdown is extended to look back in increments of 1, 2, 3, 5 and 10 years. The pro section covers 69 pages, with the college section, in alphabetical order, beginning on page 72.

For the colleges you get the same recordkeeping set-up, 10-year spread history and a special feature of showing you how each team has done for the past 10 years against every 2003 opponent. Looking at BYU, for example, they'll be playing Notre Dame Nov. 15. They've met only twice before in the past 10 years, the last time in 1994 at Notre Dame, winning 21-14 and obviously covering against a 15-point spread. No totals are listed for college games.

Many smaller schools that are board teams are included in the Feist book, including Louisiana at Lafayette and Monroe; North Texas State; San Jose State; and Western Michigan. The number of returnees for the college teams is not listed in this book.

In recent year, federal and state requirements for casinos in regards to casino credit and collection laws have changed. There are differences in credit issues between states such as Nevada, New Jersey, Mississippi, Colorado, Illinois, Indiana, Iowa, Louisiana, Missouri and South Dakota and even Native American casinos.

Anthony Cabot and Joseph Kelly have written and helped compile what certainly must be the most important book in years for casino management -- "Casino Credit & Collection." The book was published in July 2003 and contains facts, legal precedents, procedural suggestions and virtually everything an intelligent casino operation must understand in regard to credit procedures, internal controls and collections.

From the multitude of violations and subsequent fines in various states where poorly trained or lazy personnel have jeopardized many a casino license, it appears that re-training and re-orientation is a priority. Understanding the costs of credit, currency reporting, proper interactions with patrons, correct methods of resolving credit collection and write-off procedures is vital to any successful casino operation.

But do casinos truly understand public policy regarding gaming debts? What about improving the chances of a successful collection case? Also, what can a casino expect in regards to a defense of a casino collection case? The book covers all the aforementioned topics, plus offers a vital look at International Collections (what the laws are in other nations regarding collection of gaming debts).

With a four-page bibliography and a handy five-page index, this becomes a must-have reference for every gaming operation in this country and for those in other nations, not only for casinos, but for players who may choose to challenge the law and their lawyers who may go to the wall in their defense.

Howard Schwartz
Howard Schwartz, the "librarian for gamblers," was the marketing director for Gambler's Book Club in Las Vegas, a position he held from 1979 to 2010, when he retired. Author of hundreds of articles on gambling, his weekly book reviews appear in numerous publications throughout the gaming industry.

Howard Schwartz Websites:

www.gamblersbook.com
Howard Schwartz
Howard Schwartz, the "librarian for gamblers," was the marketing director for Gambler's Book Club in Las Vegas, a position he held from 1979 to 2010, when he retired. Author of hundreds of articles on gambling, his weekly book reviews appear in numerous publications throughout the gaming industry.

Howard Schwartz Websites:

www.gamblersbook.com