Hi,
You left off my most frequent method: badly.
The real answer is, "It depends." On an open road I corner pretty cautiously. I take the best line possible that still leaves me plenty of "escape" room. While racing it depends on a lot of things but most important is what others around you are doing.
If I'm feeling lazy in a race, I'll go into a corner a few lengths behind the riders in front of me. Invariably, I will be able to take a better line and coast up to their wheel without having to make a hard acceleration.