Rewards can be seen in the game.

Race tips can be found here.

Official information for FAQ are here.

To get any reward you have to finish lap 4 to qualify. If you win and reach lap 15 you will still only get one heroic dragon when the race ends.

Timed rewards:
Lap 8 > 9: 30 Crawling Jaws orbs x2 (6hrs)
Lap 13 > 14: Heroic orbs chest x2 (8hrs)
Lap 16 > 17: 120 Crawling Jaws orbs x2 (8hrs)
Lap 17 > 18: 40 High Bloody Moon orbs x2 (8hrs)
Lap 20 > 21: 120 Crawling Jaws orbs x2 (8hrs)
Lap 24 > 25: 50 H Joker orbs chest x2 (8hrs)

Very helpful, thanks!

Finished another one on lap 16 but I barely made it there, I got to lap 15 and my mind just said stop, it actually took me 3 days to finish lap 15.

I made it to L18 the day before it ended.