There is one Handicap race every month from April to September.  Points are awarded to the finishers depending on the time percentage you are behind the leader. Handicapper Phil Young has inherited Willie Mykura's secret formula for working out handicaps (which takes into account recent form) and he has changed it to make it even more fool proof (ie proof from excuses and tactics from runners who think they can beat the system!).
As well as a good race, there is the social conviviality of a shared meal afterwards.