Podracing (Earth-2356)

Podracing is a dangerous racing sport on planets such as Malastare, Kergans, Theron, Cantonica, and Tatooine. Racers can perform multiple laps on a particular race track, moving at dangerous and, at times, deadly speeds. The races are performed using craft known as Podracers or pods, which are small, one-man craft propelled by large engines. Races can then be projected in entertainment establishments throughout the galaxy.

During the Trade Federation Invasion of Naboo, Anakin Skywalker won the Boonta Eve Classic on Tatooine, securing his freedom from a life of slavery. Betting on the races is a popular pastime with many of the watchers on Tatooine, and it was through Jiraiya's bet with Watto, a bet that Skywalker would win the race, that Skywalker was freed.

Source

 * https://starwars.fandom.com/wiki/Podracing.