Handicap n. : An allowance of a certain amount of time or distance in starting, granted in a race to the competitor possessing inferior advantages; or an additional weight or other hindrance imposed upon the one possessing superior advantages, in order to equalize, as much as possible, the chances of success; as, the handicap was five seconds, or ten pounds, and the like.

Handicap n. : A race, for horses or men, or any contest of agility, strength, or skill, in which there is an allowance of time, distance, weight, or other advantage, to equalize the chances of the competitors.

Handicap n. : An old game at cards.

Handicap v. t. : To encumber with a handicap in any contest; hence, in general, to place at disadvantage; as, the candidate was heavily handicapped.

Example:
What does your Handicap have to be to get a division 1 golf scholarship?

Taxonomy
horse, bet, races, handicap, horse races, jockey, pace handicapping, Horse racing, factors, handicappers, weights, DRF, pace, bettor, game, player bets, free encyclopedia, outcome.

Defination from the web:
handicap derives from hand-in-cap, a popular 17th-century lottery game, where players placed their bets in a cap. ... Often races, contests or tournaments where this practice is competitively employed are known as Handicaps. ...