I'm actually on my way out the door to take a practice exam, ironically enough... but here's my .02.
I'm one of those really weird people who excel at verbal. My first practice test, hung over and not caring, I got a 10. Other scores were a 5 and a 6. (Then I quit the course, cause I had too much going on that summer to concentrate on it.) Anyway, that score didn't suprise me at all. I think the reason I do well in verbal is because I read all the time, and I really enjoy reading for its own sake. I actually like the passages, for the most part. That, and I have a learning disability in math, which has kind of forced me to rely on skills that I already have in reading. And finally, if I do say so myself, I'm a fantastic skimmer. That's an important skill to have for this kind of test, because of the timing issue.
Here's what I do (besides reading really fast). I skim the questions first. I don't read them, I just look for names and general ideas. Then I read the passage, asking what each paragraph is saying. Sometimes I write a few words in the margine if it's complicated. I also underline names, main ideas, and anything italicized.
Once I'm on the questions, I read them very, very carefully. I do the process of illimination thing (cause you can almost always do this with those questions). Then I usually refer back to the passage, now nicely indexed. If I still can't figure it out, then I move on and go back when I'm done with the rest. I'll try to figure it out then if I still have time, and if I don't, then I'll make a "gut decision" about it.
As to timing, I try to spend 3 minutes reading and one minute per question. This does take a little practice, but as long as you're not trying to memorize the passage, it's completely doable. And come to think of it, maybe that's part of the problem. Most science students don't read unless it's to memorize details, which is absolutely NOT what you want to do with Verbal. You want to read those passages like you're reading a Stephen King novel, not a biology book.
Anyway, that's what I plan to do today... let you know how it works out.
Nanon