Ah yes, we’re talking about how to suck at racing. Well, one method that has proved very useful is to hope for the best (rather than plan for the worst). The most common situation is this: you’re running wide in a corner and there’s a chance you might go off track. What started it? Debris, traffic, missed brake point, etc. It doesn’t really matter. You’re getting close to the edge of the track and aren’t sure what to do. Keep your steering lock (or even increase it) and hope for the best. You just might make it.
Then again, you might not. As an alternative to hoping there’s enough traction to save your bacon, you can go off track intentionally, with the steering wheel straight and the vehicle under control. The video won’t be nearly as exciting though.