In Burning Lap, medals are handed out for your sole lap time. To aid in getting these times, Boost is earned much faster than in a regular event, to the point that the lowest method of earning boost, Oncoming, now gives you so much boost you earn it faster than you can burn it.
While the Burning Laps in Burnout 3 mostly relied on constant boosting and not crashing, Burning Laps in Burnout Revenge add a new strategy point. While the first few Burning Laps can be taken on the main route, almost all others require the use of Shortcuts (indicated by a pair of flashing blue lights) in order to get Gold, or even Silver on most of the later ones. In this sense Burning Laps are a good way to find and discover the best shortcuts to use in a race.
Another event that plays with the same mechanics as Burning Lap is Preview.
Rank 1 Sunshine Keys Burning Lap Forwards
Rank 2 Eternal City Burning Lap Long Forwards
Rank 2 White Mountain Burning Lap Reverse
Rank 3 Central Route Burning Lap Long Forwards
Rank 3 Eastern Bay Burning Lap Lower Link Forwards
Rank 4 Lone Peak Burning Lap Reverse
Rank 5 White Mountain Burning Lap Forwards
Rank 7 Angel Valley Burning Lap Forwards
Rank 9 Central Route Burning Lap Long Reverse
Rank 9 Eastern Bay Burning Lap Eastern Bay Upper Link
Rank 10 Motor City Burning Lap Motor City Short Reverse
Rank 10 Lone Peak Burning Lap Forwards
Rank 10 Eternal City Burning Lap Long Reverse