I've heard of 3 places you hold the normal drop-style road bike handle bars.

1) on the top, closer to the stem
2) "on the hoods" - this is where?
3) in the drops

I find when I ride I'm maybe 95% in the drops, the other 5% on the top. I've seen other cyclists on the road, and in books and whatnot, and it appears my ratio is a little off... and i shouldn't be in the drops nearly as much as i am. what is good/bad about being in the drops all the time (other than neck pain on longer rides)?

How do you ride it?