What does F1 mean in RACING

Formula 1 is a form of motorsport raced on circuits around the world. It involves open-wheel cars with powerful engines, aerodynamic wings and slick tires. F1 cars are among the fastest in the world, reaching speeds of up to 350 km/h (220 mph).

Teams from all over the world compete in Formula 1. Each team consists of two drivers and a crew of engineers and mechanics that work together to make their car go faster. The teams are sponsored by major corporations such as Mercedes, BMW, McLaren, Ferrari, Red Bull Racing and Renault Sport.

Races generally consist of two parts; a practice session followed by qualifying. During practice sessions, teams will test out different settings and try to optimize their car’s performance. Qualifying determines who will start in which position on the grid for the actual race. The race itself is typically around 60 laps long and drivers try to finish first while avoiding any penalties or sanctioning from stewards or technical officials monitoring safety regulations at each track.

Points are awarded for every Grand Prix based on finishing positions ranging from 25 points for first place down to one point for tenth place. Additionally, one bonus point can be awarded to the driver who sets the fastest lap time during each race. The driver with most points at the end of season is crowned World Champion.

Formula 1 races are held on tracks all over Europe, North America, Asia-Pacific and South America throughout each racing season which usually lasts April through November. Some notable venues for F1 races include Spa-Francorchamps in Belgium, Monza in Italy, Suzuka Circuit in Japan and Silverstone Circuit in England.

F1 cars use specialized tires developed specifically for racing conditions known as "slick" tires due to their lack of tread patterns which would reduce grip levels at higher speeds when cornering heavily loaded curves or chicanes on tracks like Monaco or Sepang International circuit . Slick tires have been used since 1997 after Indy Car racing decided to switch from regular open-treaded rubber tires but both types are still used today during qualifying sessions depending on weather conditions.

An F1 car cost varies greatly depending on what parts you need but it can range between $10 million USD - $20 million USD per season from purchasing engines & chassis . Additionally there are many expenses associated with attending each event due to travel fees & licensing costs so overall budgets can increase significantly year-over-year.