A retention device for use with an object having a handle, such as a racquetball racquet, comprises a wrist ring for securing the device about a wrist of a person gripping the handle, an elastomeric connecting member, and a securing means remote from said ring for securing said device to a handle. In one preferred embodiment, the ring and connecting member are elastomeric loops linked together. Alternatively, the ring and connecting member may be a unitary piece formed of elastomeric material, and the securing means is in the form of a loop portion or other securing means at the remote end of the connecting member. The connecting loop or loop portion are preferably secured by a pin inside the butt of the racquet handle.