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Answer for the clue "Horse racing activity ", 12 letters:
handicapping

Word definitions for handicapping in dictionaries

Wikipedia Word definitions in Wikipedia
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 ...

WordNet Word definitions in WordNet
See handicap

Wiktionary Word definitions in Wiktionary
vb. (present participle of handicap English)

The Collaborative International Dictionary Word definitions in The Collaborative International Dictionary
Handicap \Hand"i*cap\, v. t. [imp. & p. p. Handicapped (-k[a^]pt); p. pr. & vb. n. Handicapping .] To encumber with a handicap in any contest; hence, in general, to place at disadvantage; as, the candidate was heavily handicapped.

Usage examples of handicapping.

There isn't such thing as right in handicapping unless the horses pass the post in the exact order that the computer weighted them, which they never do.

There was also a handicapping system so complicated that no human brain could master it.

It being a mercaptan, completely non-toxic in small dosess ass you know, we may ssimply releasse it without sslowing the game down by wearing masskss and handicapping the Hokass.

Surely you’d have to take that into account when you are handicapping those horses?

Painfully throbbing and bleeding once more, the dagger wound was handicapping him.

Either he could aid Valdemar against Karse, or by withholding his aid, help Karse instead, knowing he was handicapping Valdemar.