Top Definition
A slang term meaning to bet on horse racing.
"Im gonna head down to OTB. You wanna come?" - Gambling Degenerate

"No thanks. Why do you piss your money away playing the ponies?" -Smart Friend
#horse #racing #gambling #otb #degenerate
po dmb7211 Јун 5, 2010
This phrase is actually a mistake. Instead, one should say "playing the horses". Playing the Ponies is something small boys would say.
Eric received a text message that the ponies were loose and used an incorrect sentence involving playing the ponies.
#playing the ponies #playing the horses #betting #racetrack #horsetrack
po death row Март 25, 2011
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