Horse Racing.
a racetrack official or employee who assigns the weight a horse must carry in a race.
a person employed, as by a newspaper, to make predictions on the outcomes of horse races.
a person who determines the handicaps that will be placed on competitors.

1745–55; handicap + -er1

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World English Dictionary
handicap (ˈhændɪˌkæp)
1.  something that hampers or hinders
2.  a.  a contest, esp a race, in which competitors are given advantages or disadvantages of weight, distance, time, etc, in an attempt to equalize their chances of winning
 b.  the advantage or disadvantage prescribed
3.  golf the number of strokes by which a player's averaged score exceeds the standard scratch score for the particular course: used as the basis for handicapping in competitive play
4.  any physical disability or disadvantage resulting from physical, mental, or social impairment or abnormality
vb , -caps, -capping, -capped
5.  to be a hindrance or disadvantage to
6.  to assign a handicap or handicaps to
7.  to organize (a contest) by handicapping
8.  (US), (Canadian)
 a.  to attempt to forecast the winner of (a contest, esp a horse race)
 b.  to assign odds for or against (a contestant)
[C17: probably from hand in cap, a lottery game in which players drew forfeits from a cap or deposited money in it]

handicapper (ˈhændɪˌkæpə)
1.  an official appointed to assign handicaps to competitors in such sports as golf and horse racing
2.  a newspaper columnist employed to estimate the chances that horses have of winning races

Collins English Dictionary - Complete & Unabridged 10th Edition
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Example sentences
But for a mid to high handicapper, the way that the right equipment can change your game is mind-blowing.
The nominations are a handicapper's nightmare, always full of surprises.
All meetings are handicapper accessible and barrier free.
Two or more handicapper parking violation notices in the same jurisdiction.
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