handicapping service!

handicapping service

Comprehensive Analysis

1) "Handicapping" -- As to handicapping service 2handicap Function: transitive verb Inflected Form(s): -capped; -cap·ping 1 a : to give a handicap to b : to assess the relative winning chances of (contestants) or the likely winner of (a contest) 2 : to put at a disadvantage Pronunciation Symbols For "handicap" as it refers to disabled persons, see Disability. For the evolutionary theory proposed by Israeli biologist Amotz Zahavi, see Handicap principle. Handicapping, in sport and games, is the practice of assigning advantage through scoring compensation or other advantage given to different contestants to equalize the chances of winning. The word also applies to the various methods by which the advantage is calculated. In principle, a more experienced player is disadvantaged in order to make it possible for a less experienced player to participate in the game or sport whilst maintaining fairness. Handicapping also refers to the various methods by which spectators can predict and quantify the results of a sporting match. The term handicap derives from hand-in-cap, a popular seventeenth-century lottery game, where players placed their bets in a cap. Handicapping is used in scoring many games and competitive sports, including Go, chess, golf, bowling, polo, yacht racing, and track and field events. It also serves to foster wagering on horse racing events. Often, races, contests or tournaments where this practice is competitively employed are known as Handicaps. The term is also applied to the practice of predicting the result of a competition, such as for purposes of betting against the point spread. A favored team that wins by less than the point spread still wins the game, but bets on that team lose. 1 The practice in action 1.1 Horse racing 1.2 Predicting the Outcome of Races 2 See also 3 Notes 4 References 5 External links An impost is the weight that must be carried by a horse in a race. Horses carry lead weights during the course of a race as a form of handicap. Such a race is also sometimes termed a "handicap." These weights supplement a jockey's weight to give a horse his assig..." 2) "Service" -- As to handicapping service 1ser·vice Pronunciation: 's&r-v&s Function: noun Etymology: Middle English, from Anglo-French servise, from Latin servitium condition of a slave, body of slaves, from servus slave 1 a : the occupation or function of serving <in active service> b : employment as a servant <entered his service> 2 a : the work performed by one that serves <good service> b : HELP, USE, BENEFIT <glad to be of service> c : contribution to the welfare of others d : disposal for use <I'm entirely at your service> 3 a : a form followed in worship or in a religious ceremony <the burial service> b : a meeting for worship -- often used in plural <held evening services> 4 : the act of serving : as a : a helpful act <did him a service> b : useful labor that does not produce a tangible commodity -- usually used in plural <charge for professional services> c : SERVE 5 : a set of articles for a particular use <a silver tea service> 6 a : an administrative division (as of a government or business) <the consular service> b : one of a nation's military forces (as the army or navy) 7 a : a facility supplying some public demand <telephone service> <bus service> b : a facility providing maintenance and repair <television service> 8 : the materials (as spun yarn, small lines, or canvas) used for serving a rope 9 : the act of bringing a legal writ, process, or summons to notice as prescribed by law 10 : the act of a male animal copulating with a female animal 11 : a branch of a hospital medical staff devoted to a particular In economics and marketing, a service is the non-material equivalent of a good. Service provision has been defined as an economic activity that does not result in ownership, and this is what differentiates it from providing physical goods. It is claimed to be a process that creates benefits by facilitating either a change in customers, a change in their physical possessions, or a change in their intangible assets. By supplying some level of skill, ingenuity, and experience, providers of a service participate in an economy without the restrictions of carrying stock (inventory) or the need to concern themselves with bulky raw materials. On the other hand, their investment in expertise does require marketing and upgrading in the face of competition which has equally few physical restrictions. Providers of services make up the Tertiary sector of industry. 1 Key attributes 2 Service delivery 3 The service-goods continuum 4 List of economic services 5 See also 6 Finding related topics Services can be described in terms of their main attributes. Intangibility - They cannot be seen, handled, smelled, etc. There is no need for storage. Because services are difficult to conceptualize, marketing them requires creative visualization to effectively evoke a concrete image in the customer's mind. From the customer's point of view, this attribute makes it difficult to evaluate or compare services prior to experiencing the service. Perishability - Unsold service time is "lost", that is, it cannot be regained. It is a lost economic opportunity. For example a doctor who is booked for only two hours a day cannot later work those hours— she has lost her economic opportunity. Other service examples are airplane seats (once the plane departs, those empty seats cannot be sold), and theatre seats (sales end at a certain point). ..." 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