This isn't the usual boring legal stuff.
In plain English, the terms and conditions state that you are responsible for the confidentiality of your account and any information you enter. Don't give your password to anyone! Make sure that your entries are correct, because you're responsible for any inaccuracies. If you sign up for news, we'll email you from time to time until you tell us to stop, and we'll never give away your email address. We're also required to state that we're not liable for any harm to you or small kittens as a result of your use or misuse of this site. Now go enter some horses, and have fun!