Handicap (horse racing)

A handicap race in horse racing is a race in which horses carry different weights, allocated by the handicapper. A better horse will carry a heavier weight, to give it a disadvantage when racing against slower horses.

The skill in betting on a handicap race lies in predicting which horse can overcome its handicap.^[1] Although most handicap races are run for older, less valuable horses with less prize money, this is not true in all cases; some prestigious races are handicaps, such as the Grand National steeplechase in England and the Melbourne Cup in Australia. In the United States, over 30 handicap races are classified as Grade I, the top level of the North American grading system.