A physical fitness device that simulates the motion of horseback riding. Innovative features of the present invention include a horseback riding simulation post which extends both vertically, at a vertical angle toward a rider seated on the device, and an upwardly extending longitudinal section which extends toward a rider on the exercise device seat and terminates in a transverse handle which enables the user to grasp the handle with both hands or one hand. There are a pair of parallel crank arms with a respective one of the crank arms adjacent opposite sides of the exercise device with each crank arm having an upwardly extending section extending forwardly or rearwardly.