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The Bike Races are unlocked once you complete the Beach Rumble mission in chapter 2.
 Old Bullworth Vale
There are seven races in Old Bullworth Vale, with prize money rising from $20 all the way up to $50. The signup sheet for the races is beside the bike garage at the bike shop near the beach.
 Bullworth Town
There are four bike races in Bullworth Town, with prize money from $20 to $35. Sign up beside the Bullworth Town bike shop.
 New Coventry
New Coventry only has two bike races - the first will earn you $30, and the second $40. The signup sheet is beside the Bike Park near the railway tracks.
 Bullworth Academy Championship Race
This race is only unlocked after all the other races have been completed, and has prize money of $50, along with the bike helmet, bike jersey and a trophy added to Jimmy's dorm room. The signup sheet is beside the carpark on the West side of the Bullworth Academy main building.