What is the banking on a velodrome?

Could you elaborate on the concept of "banking on a velodrome" and its significance in the world of cycling? Is it a term that refers to the steep, curved sides of a velodrome track, designed to allow cyclists to maintain their speed through gravity-assisted turns? Or does it have a more figurative meaning, perhaps in the context of financial investments or strategic positioning in the competitive world of cycling? Clarifying this terminology would greatly assist my understanding of its application and relevance.