Join Date: Nov 2004
Location: Out there, on my bike
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Comes from ride and tie, which is a race involving teams of two people and one horse. One person starts out riding the horse, gets to a certain point, ties up the horse and starts running. Meanwhile the other person starts out running, gets to the tied-up horse and rides to the next tie-up point. They switch off until the end of the race. The tie-up points are pre-determined.
I assume a bike and tie replaces the horse with a bike. You might want to confirm that it is not biking and horseback riding, as such an event is no place to learn to ride a horse.