Formula one world championship is one of the most prestigious events in the field of formula one racing. The European continent has always been regarded as the traditional and the leading place for formula one racing. In the recent years, Grand Prix events are held in almost all parts of the world. Formula one is regulated and controlled by the Federation Internationale de I' Automobile abbreviated as FIA.
Formula one world championship is awarded in several categories by the FIA. There are categories of best driver and best car constructor. The championship is based on scoring adequate points. At the end of the year, the highest scorer in both the categories is declared the champion. In the present context, formula one race and formula one world championship almost mean the same as all the races are inclusive of the world championship. The points that are scored in each race are carried forward to the next and the final points are calculated at year end. Both formula one championship and formula one world championship have to abide by the guidelines set by FIA. Various countries from all over the world are now participating in formula one world championship and making a place for itself in formula one arena. Following links will help to know about formula one world championship better: