BuckeyeFromHeck, there is a feature on the board that lets you bet imaginage cash. Everyone starts with 500. The "BP Book" is located (as a link) in the red navigation bar at the top of almost every page at BuckeyePlanet. Click the link and it will take you to the BP Book. Once there you will see different open items that you can bet on (at the moment there may not be any events to bet on). Basically there are events (Tour d'France, Wimblendon, Football games, etc.) with odds and you can pick which you'd like to wager some imaginary cash on. The events are set up to "open" (you can wager vcash) and "close" (no more bets are accepted) at specific intervals/times. After that, the event will "settle" (you win vcash or lose vcash) and you are left with an adjusted total. Once you bet, you will be without that amout of vcash until the bet "settles". The other option for an event/bet is "abandon". This could happen if no one bets or the odds are wrong or the timing is set up incorrectly (or any number of reasons). It just means that the even has been cancelled. The system is in a sort of trial phase with the kinks being worked out. If you run out of vcash the system will automatically give you and extra 25 (I believe) if a new event/bet is opened up. This will all be wiped clean and everyone will be given a starting amount of 500 vcash at the beginning of football season. From there it's "game on".
If you want to get an idea, go to the BP Book and change the pull down menu so that it displays "settled" events. Then click "go". You will see the list of events/bets that we've already completed, who won, lost, etc. It'll give you an idea of what's happening.