Best spots to watch Storica Regatta?

I'm visiting Venice with the wife in time for the historical regatta. Any insider tips as to best way to experience this annual event? Never been to Venice before.

Also looking for best spots to watch it- maybe Rialto bridge or Ponte dell'Accademia? But I read that it's actually not allowed although some try to watch from there but officials will come up and ask you to leave. Can anyone confirm?

Thanks!