Formula One Racing

Formula One racing began in Europe in the late 1890's. It has long since become a favorite sport across the world. Many countries including Japan, Australia, and Canada all participate in this favorite pastime. The United States is not considered to have a large fan base for this sport though the popularity is rising among the states.
Formula one is considered the highest class of open wheeled racing. The term "Formula" is in reference to the set of regulations that is placed on the participants and the cars conformity. The series of races that help determine the championships are called Grand Prix. They are usually held on circuits intentionally built for the kind of specific racing though in some cases the races are performed on street circuits. One of the most famous street races is the Monaco Grand Prix held in Monte Carlo. The results of all the races are combined to determine two annual World Championships. One is held for the drivers and the other is for the constructors.
Formula One racing has seen many changes over the years. This is to create better racing results along with better safety standards for the drivers. The cars performance is very dependent on aerodynamics, tires, suspension, and electronics. These cars can travel at speeds of 360km/h equivalent to 225mph.
Europe has long been the center for this sport. Over half of the races take place there and most teams are located there as well. Many of the Driver's Champions have been from the United Kingdom as well as many of the Constructors Champions. Though this sport is more popular in Europe races takes place all over the world. Since the fan base is spreading to all parts of the world, about half of all future races have been scheduled outside of Europe. Many races scheduled for the Americas have been dropped and moved to places such as China, Turkey, and, Singapore. One of the first night races is scheduled to take place in Singapore this year. India will be added to the racing list in the year 2010.
The sport has millions of fans watching worldwide for every race. This is the world's most expensive sport and it has a significant effect on the economy. This being the case high investments by sponsors allow for the constructors to work with a very large budget. Formula One is a large merchandising environment, additionally high profile companies and individuals are often offered corporate hospitality packages by the organizers that can cost upwards of ten's of thousands of dollars.
Lyle Tarman is an avid fan of motorsports and regular contributor to a number of racing publications. For more information on the F1 Singapore be sure to visit singapore-grandprix.net