late 15c., earlier upsadoun (late 14c.), up so down (c. 1300); the so perhaps meaning "as if." As an adjective from 1866.
to win something hands down (1855) is from horse racing, from a jockey's gesture of letting the reins go loose in an easy victory.
The Two Thousand Guinea Stakes was not the best contested one that it has been our fortune to assist at. ... [T]hey were won by Meteor, with Scott for his rider; who went by the post with his hands down, the easiest of all easy half-lengths. Wiseacre certainly did the best in his power to spoil his position, and Misdeal was at one time a little vexatious. [The Sportsman, report from April 26, 1840]
Ancient Greek had akoniti "without a struggle, easily," from akonitos (adj.), literally "without dust," specifically "without the dust of the arena."
1826, from the verbal phrase; see hand (v.). As a noun from 1874.
c. 1200, "act of pulling or drawing; quantity of liquid that one drinks at a time," from Old English *dreaht, *dræht, related to dragan "to draw, drag" (see drag (v.)). The oldest recorded sense besides that of "pulling" is of "drinking" (perhaps "so much as is drawn down the throat at once"); compare drag (n.) in reference to an inhaling on a cigarette. It is attested from c. 1300 as "that which is drawn or written." In British English, it retains the functions that did not branch off with draft (q.v.).