How to Tie an Ascot
The ascot is a type of neckwear that looks like a cross between silken scarf and necktie. The ascot originated in England during the late 19th century, and it got its name from the horserace called the ’Royal Ascot’ – an exclusive horserace at which men were required to wear an ascot tie in combination with a tailcoat jacket. Today the ascot tie is much less common, and usually worn during very formal day-time events and formal weddings.
Tying the Ascot-tie Instructions:

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Lay the ascot around your neck so that the stichng faces your body. Make sure that one end, the side needed for the wrapping, hangs down much lower than the other end.
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Wrap the longer end around the other.
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Repeat step #2 a second time
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Just like when tying a Four-in-Hand Necktie knot, take the longer end and pull it through the gap between your neck and the ascot.
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Let the longer end lay over the slightly shorter end.
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Give it a final adjustment, and if you prefer, use a pin (often times a decorated with a pearl) to secure the knot at the center.
Other Suggested Readings:

White Ties
Black Ties
Champagne Ivory Ties
Silver & Gray Ties
Yellow & Gold Ties
Orange Ties
Light Green Ties
Dark Green Ties
Pink Ties
Purple Ties
Red Ties
Cherry Red Ties
Burgundy Ties
Light Blue Ties
Blue Ties
Dark Blue Ties
Turquoise Ties
Brown Ties
Multi-colored Ties