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had been handicapping

  • past perfect progressive
    of handicap.
    handicap
    noun
    a race or other contest in which certain disadvantages or advantages of weight, distance, time, etc., are placed upon competitors to equalize their chances of winning.

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I had been handicapping all afternoon, and I got my wagers in through my Xpressbet account, and I made the call on the runway actually at O’Hare.

From New York Times May 4, 2012