Insurance and money management techniques in motorsports

Before you enter the racetrack, when you decide to take your street car racing, you should first make sure that it is insured! We cannot emphasize the importance of it. Your regular car insurance does not cover racing. It is not clear what racing really is but as a rule of thumb, whenever you drive and you are timed – you are racing. Even with horse racing, each horse needs to be well prepared and insured if it’s at the top of its game – just ask any horse racing lover who regularly follows the news and even places a bet here and there thanks to William Hill Grand National 2019.

So, even if you believe that you are a great driver (we are not saying you’re not), accidents often happen. Sometimes, it’s not even your mistake but another driver will slam into you.

Insurance as a Way of Money Management

Whether you’re testing your new car, have a race meeting, or you’re just enjoying a track day, you should ensure your car. You can hear drivers often debating about whether it’s worth it paying for insurance. It definitely is.

By insuring your car, you will avoid having to pay exuberant amounts of money on repairs if something happens and you will have more money to spend on upgrades or a new race car. See insurance as an investment for the future and not as an unnecessary expense.

Read the Fine Print

Reading the fine print is quite boring and nobody like doing it. However, when you’re about to enter the race, you read the fine print of the rule book. Well, you should definitely take the 20 minutes necessary to read the fine print of your insurance policy. This will help you understand much better what you’re paying for and what you can expect in an adverse situation. Most importantly, make sure that you understand the conditions and the exclusions that are included in the policy.

The Universal Conditions of Race Car Insurance Policies

When buying a race car insurance policy, there are some conditions that you might find strange. However, many of them are pretty standard and always included in the fine print. If you see anything that is wildly different from the ones listed below, you should ask questions about it.

  •         Notifying the insurer about any changes made to the car or changes relevant to you.
  •         Letting the insurer know about changes in the contact information for yourself or any other member of the team.
  •         Adding a second driver or a coach. Even changing a coach or a driver.
  •         Getting a motoring conviction or an endorsement related to road/competition license.
  •         Having an accident or being diagnosed with a health condition.
  •         Changing or modifying the specification of the insured vehicle.
  •         Telling the insurer about any accidents that the insured vehicle was in on or off track, regardless of whether you plan to claim or not.

How to Choose the Right Motorcycle

So, you’ve realized that you love motorcycles and that you want to start riding. You’ve gotten your driver’s license and passed all of the necessary tests. You start looking at bikes to buy and you realize that the choice is simply overwhelming. Where do you begin?

We completely understand you. This is a gross overgeneralization, but there are two types of riders out there – those who know their bikes well and those who have no idea what they’re doing. Assuming that you are in the second group, we’re writing a guide to show you where to begin and how to choose the right motorcycle for you.

Why Do You Need a Bike?

This is the first question that you should ask yourself when you decide to get a bike. You need to know the exact purpose and what the bike will be used for. There are many different types of bikes out there, so getting a wrong one would make for a really unpleasant experience down the road.

It’s definitely a bad idea to get a 2000cc monster when a tiny 50cc scooter is better suited for your city-dwelling needs. Moreover, if you’re planning to ride across the country or enter Paris-Dakar rally, that little 50cc scooter will not do the deed.

Learn About Different Types of Bikes

If you are still unsure of what you will use your bike for, a good place to start is to learn all you can about different types of bikes. This will give you a good idea of what is possible to do on a motorcycle and maybe give you some ideas about how you would like to spend your biking time.

The most popular types of bikes are small scooters, cruisers, touring bikes, ADVs, sports bikes, naked bikes, off-road bikes, and so on.

Take Small Steps and Know Your Limits

It is probably not a very good idea for your first bike to be a large and powerful sports bike. First of all, you need experience and the confidence to ride it safely and avoid being hurt. Secondly, these bikes are very expensive to maintain and the insurance premiums are usually much higher for these types of bikes.

Moreover, many insurance companies completely refuse to provide insurance to novice riders who bought a sports bike as their first bike. You need to have track records on smaller bikes first.

Set a Budget

Another good course of action to choose the best bike for yourself is to set a budget and buy something within that budget . Motorcycles can cost several hundred dollars or they can cost tens of thousands of dollars. It’s up to you how much you want to spend.

However, if you are buying your first bike, it is best to remain frugal and buy a cheaper bike first. Many experienced riders advise on buying a used bike first, which we agree is a good idea.

Using VR Headsets to Train Student Drivers

Modern technology has brought us a whole new way of how we learn to do things, and today, advanced tech can even help teach us how to drive a car. While this may seem like a distant future to some people, a delivery service company called “UPS” has already begun to train its drivers on how to avoid obstacles, identify pedestrians, and read road signs, all with the help of this device.

What Is a VR Headset?

A virtual-reality headset is a device that is mounted on a person’s head, covering the eyes and projecting a virtual reality through the displays inside it. VR headsets are mostly used for playing computer games, and some online casinos are starting to implement VR in their games as well, aside from offering bonus codes such as the Resorts Casino bonus. However, today VR devices can also be used for various simulations and trainings. Modern sets usually have headphones and some specially designed VR sets for games include gaming controllers. We may even have the ability to view live concerts and stream sporting events through this device in the near future.

A Safe Way To Train Drivers

Some skeptics may say that using this technology will never be the same as driving an actual vehicle, which is undoubtedly true. While VR driving simulators may not be ideal at the moment, the advancement in technology is happening fast and who knows what we might expect from this device in the next several years. Nevertheless, even the VR technology of today can provide the safest possible training for inexperienced drivers, as stats suggest that young people aged from 16 to 19 are most likely to be involved in a traffic accident. This way they can train in a controlled environment without any risk of being in an accident.

How Does It Work?

UPS drivers train in a special room where they sit on a driving chair with the steering wheel and the pedals beneath. Once the device is placed on their head, they will have a full 360 degrees view of the virtual surroundings. A person can be able to see the road ahead, the inside of a truck, as well as look into the rear view mirrors. Other traffic participants are also present in the simulation, including cars and pedestrians. There are also road signs, and surrounding objects like buildings, houses, trees, and lamp posts. The graphics are solid and as realistic as they can be right now.

Other Uses

VR headsets can put people in various real-life scenarios and are not necessarily only beneficial for student drivers. This device has been used in many fields, like in medical and military training. In any case, more and more people are becoming curious as to the wide range of use VR headsets can have, with a lot of companies already investing in their development.

How to Start Racing Cars and Motorcycles

You might know how to ride a car and a motorcycle, it’s not difficult – almost everybody can do it. You might even think that you are very good at it. However, riding a race car or a race motorcycle is a completely different ballpark. It takes a completely different set of skills to endure the g-force and prevent your vehicle from going off the track.

Once you try racing and you see the appeal of it, you will want to get racer education in order to take your personal racing potential to the max and use your car’s or bike’s performance to their ultimate limit.

Driver’s Education

Participating in a racing school has multiple benefits. Apart from teaching you the proper techniques for riding fast, efficiently, and safely, it also gives you an opportunity to earn a racing license. Just because you are able to drive your car or bike 150 MPH on a desolate freeway does not mean that you are Ayrton Senna. You should learn how to corner properly, how to brake, how and when to accelerate, and so much more.

Learn the String Rule

The string rule is probably the first thing you are going to be taught when you enter a racing school. It is more closely related to car racing but the whole idea can be translated to bike racing as well.

You should imagine that there is an imaginary string tied to your steering wheel and your gas pedal. The more you turn your wheels to the side, the less you will be able to press the gas pedal. That’s the whole idea of it. Decelerate in corners and accelerate on the straights if you want to stay on the track.

Learn How to Brake

When you’re practicing to get your regular driver’s license, you told not to brake hard. Instead, you are told to anticipate when the braking is going to be necessary and take enough time to decelerate. Braking when you’re racing is completely counter-intuitive.

When racing, you should brake hard just before the corner and engage your brakes up to 80-90% of their potential. As you are going through the corner, you should release the brakes gradually and accelerate when you’re out. This will give you more control and let you corner more efficiently.

Don’t Let Go

By not letting go, we mean the steering wheel. You should grab your steering wheel at 9 and 3 o’clock and forget about the hand-over-hand maneuver. Never let go of the steering wheel unless you need to change the gear or use the handbrake. It’s tough to get used to it in the beginning but you soon realize the benefits.

NASCAR Betting

National Association for Stock Car Auto Racing, or NASCAR is the most popular stock-car racing organization in the world. Founded over 70 years ago it counts dozens of full-time and part-time drivers as well as over 50 free agents who are waiting to be picked up by one of the teams. Similarly to Grand National bet online, which lets you bet on horse races, there are many ways to bet on cars and improve your odds in this highly competitive sport.

The three main leagues available to bet on are:

  •        Monster Energy NASCAR Cup Series – the most popular one
  •        NASCAR Xfinity Series – 2nd league
  •        Camping World Truck Series – modified pickup trucks racing

There are other series as well such as Pinty’s, PEAK Mexico and Whelen Euro but they are extremely hard to find in a bookie’s lists.

 

Practice & Qualifying

You won’t find odds available online until both practice and qualifying sessions are over.

The practice is an extremely important preparation process for the drivers as they get familiar with the track, sharp corners and the terrain. Teams practice several times each week before doing the qualifier.

Results in the qualifying round define starting positions which are extremely important on some tracks, where overtaking is almost impossible.

Once all the teams and their drivers have finished both sessions, casinos will provide the odds on their websites, but do not rush as they are sometimes changed before the race. Even if you missed it and the race already started, you can always jump in by placing live bets. Keep in mind that odds are constantly changing, depending on how well the drivers are performing.

The Happy Hour is the final practice and the last opportunity for teams to register their racing cars, which can give you an idea on how they might perform in the main race.

NASCAR Bets

Signing up and confirming your registration is a must, but before placing any bets it is important to be aware of all the variations and gamble options.

The three main bet types are:

  •        Winners
  •        Matchups
  •        Props

Betting on the winner is the toughest one to win but also the most rewarding. You’ll see something like this: “John Doe +1000”. In this case, betting $100 on John could potentially win you $1,000.

Matchups are way easier and way more interesting to bet on, as it doesn’t matter where your drivers ends up as longs as he is ahead of the one you’ve placed the bet against.

Props allow you to bet over or under the line set by the bookie. If the line is, let’s say, 12.5 you can either bet that the driver will finish 12th or better or 13th or below. The odds are the lowest with props, but the chances of being correct are extremely high.