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Definitions

American Heritage® Dictionary of the English Language, Fourth Edition

  1. n. Sports & Games One who assigns handicaps.
  2. n. Sports & Games One who predicts the winners in a horserace, especially one who publishes such predictions as a guide for bettors.

Century Dictionary and Cyclopedia

  1. n. One who handicaps; one employed to determine the amount of the handicaps in a contest.

Wiktionary

  1. n. One who determines the conditions of a handicap.

GNU Webster's 1913

  1. n. One who determines the conditions of a handicap.

WordNet 3.0

  1. n. someone who sets the betting odds based on calculations of the outcome of a contest (especially a horse race)

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‘handicapper’ has been looked up 488 times, added to 2 lists, and has a Scrabble score of 21.