For best results with this wheel while in simraceway, apply these settings recommended to me by an in-game admin:
Go to Options > Controls, click on the sensitivity tab and change X Axis Sensitivity to 40 (leave the rest at their default value of 50).
Next, click on the Rates tab and set the sliders to the following values:
Steering rate: 50
Throttle rate: 50
Brake rate: 50
Clutch rate: 20
Speed sensitivity: 0
Look ahead: 0
Head movement: 0
Exaggerate yaw: 0
All that is left to do after this is find your own sweet spot with the steering sensitivity dial on the front of the wheel, the admin recommended 360 but I prefer it closer to the 200 mark.
Hope this helps someone