The Handicap System aims to enable golfers of all abilities to compete on an equal basis by determining a Handicap Index and Course Handicap for each player based on posted scores. It incorporates elements like Equitable Stroke Control to prevent exceptionally bad holes from overly impacting a player's Handicap Index. Withdrawing from a round after only a few holes to avoid posting a score goes against the spirit of the handicap system. Players should record accurate scores, including estimated scores for unfinished holes, and follow pace of play guidelines to help matches be competitive and enjoyable for all participants.