- get a used road bike
- take off the front and rear derailleurs, along with the rear brake, rear brake lever
- take off the freewheel (attached to rear hub), using a freewheel remover (there are three different sizes, ask your LBS about your specific size.)
- you might as well just buy a wheel with a track hub, which will have the reverse-threading you want. OR do it the cheap/dangerous way: keep the old hub, and screw on a lockring. use locktite to hold it (real track hubs have reverse-threading, old road bikes don't). this means that your cog may start unscrewing during a back-pedal if it is not on tight enough. just buy a track hub.
- screw on 1/8 inch track cog. other sizes won't work with a 1/8" track chain.
- take off all but one chainring, make sure you have some spacers or single-speed bolts so there's no play in the chainring
- slap on a 1/8-inch chain (a bit wider/heavier but stronger than usual road-bike chains)
- ride up a big hill to tighten the cog, repeat as needed
tips
- make sure your chain's tension is correct; not too loose, not too tight. you should be able to hold the bike sideways and shake it (with pedals moving) without the chain falling off. also spin the rear wheel and make sure the chain isn't so tight that it's make the wheel stop turning.
- you'll go through (rear) tires pretty quickly, depending how often you ride, and how you skid. you can easily go through a tire in a month, if not sooner, and some tires are better than others.
ride at your own risk
always wear a helmet!
also ensure that the chain-line is more or less straight. (from the rear cog to the front chainring, that is.. if it's not, the chain will come off)
using a brake
when racing on the velodrome, you are not allowed to use hand-brakes. when riding in the city and on roads, it is advisable to have a front-brake installed, if only for emergencies. you may be confident that you can stop in a short distance without a brake, but
what will you do if the chain comes off? or one of your straps break, or the chain breaks, etc. it will always happen at the
worst time, e.g. when you're going down a steep hill towards a red light, that's when you're pulling the hardest..