Vain's step-by-step-guide:
1. Drive the hotlap-setup for a while. Do you like it, can you anticipate the car's actions? If no, try a different setup. If yes, proceed to 2.
2. Start a singleplayer practice session.
3. Choose a different tyres if necessary (R1 can only be used on the FOX and MRT5 for long races, R2s should be good for bigger cars, some need R3, streetcars always go with Road supers).
4. In the first testdrive, decrease camber by 1° and increase tyre pressure by 20psi. In all following pitstops decrease camber by 0.2° and increase tyre pressure by 7 psi. (Adjust this accordingly using common sense (tm) )
5. Repeat 4 until the innermost and middle tyre-strips are roughly equal in temperature (the shorter the race, the bigger the difference), the outer can be some degrees colder. Increase tyre pressure until the peak temperture is a maximum of 15°C above optimum tyre pressure. If target isn't possible, jump to step 3 and choose a longer lasting tyre (not in the case of road-supers, those always stay).
Since the tyre-life has been increased enourmeously in the last patch it is a good option to allow higher camber. Only temperature is a factor here.
Vain