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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
by dmb7211 June 05, 2010
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Jul 26 Word of the Day
Noun: a friend who is usually only called upon by a friend when a more primary/prominent friend is unavailable.

Taken from the term β€œsecond string” in an athletic competition situation. In football, if the star quarterback gets injured during a play, the second string is called off the bench to replace him/her. A β€œSecond String Friend” is essentially benched until needed, if ever.

Synonyms: Plan B, Second Choice, Secondary Friend, Benched Until Needed
I got a call from X the other night. She had an extra ticket to a concert she bought for a friend, but they couldn’t make it so she called me to ask if I wanted to go because I am her Second String Friend.
by Deus-ex-machina August 26, 2020
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2
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.
by death row March 25, 2011
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