The total number of ways to choose 3 points out of 12 is given by the combination formula:
\[
\binom{12}{3} = \frac{12 \times 11 \times 10}{3 \times 2 \times 1} = 220
\]
However, 5 points are collinear, and any 3 points chosen from these 5 points will be collinear and will not form a triangle.
The number of ways to choose 3 points out of 5 collinear points is:
\[
\binom{5}{3} = \frac{5 \times 4 \times 3}{3 \times 2 \times 1} = 10
\]
So, the total number of triangles that can be formed is:
\[
\binom{12}{3} - \binom{5}{3} = 220 - 10 = 210
\]