Money is what makes the world go round, and F1 racing requires a lot of it. Money is the backbone of the sport, from the vehicles to the drivers' pay. As a result, Formula One is great for sports betting. Punters can wager on specific competitions or predict the season's winner. A race with high odds of winning will attract more bets than one with lower odds. The first Formula One Grand Prix was held at Silverstone Circuit in England on July 25, 1950. The event was not intended as a serious competition but as a way for Ferrari to show off their latest vehicle, the Ferrari Testa Rossa. Only three cars took part in this race, but it made front-page news around the world. The sport has never looked back! Today, there are several forms of gambling associated with F1 racing. Bettors can place wagers on who they think will win various races throughout the year. They can also make predictions about which driver will come out on top in certain situations. Finally, there is fantasy racing, where people create new teams of drivers and compete against each other based on how well they do in real life races. F1 racing is intense, fast, and very demanding on the vehicles involved. That's why only highly skilled drivers can participate. However, even though the sport involves driving very fast cars very aggressively, it does not use weapons nor involve violence between drivers.