Actually, you connect a condensor connector to a blue or yellow wire, directly on the little points bolt. Just make sure that the connectors don't accidentally touch the points brackets or the points plate, or it will ground out the circuit and no sparks will result (it won't fry anything, it just won't run on that pair of cylinders).
The condensors charge when the points open, absorbing the little arc (somewhat) that kicks back from the coil at the moment the points first open. Then when the points close again, they dump this back out through the closed points, for the next cycle.
They are not really there to "charge up" for anything: rather they are there to absorb the unwanted kickback and harmlessly dump it out when it won't hurt anything.
Obviously, there are many more secrets about this, but at the simplest level, that's how they work.