Formula One holds racing events all over the world.
Formula One . The F1 season consists of a series of races , known as Grands Prix ( from French , meaning grand prizes ) , held worldwide on purpose-built F1 circuits and public roads . Most events are held in rural locations on purpose-built tracks , but there are several events in city centres throughout the world , with the Monaco Grand Prix being the most famous example . While Europe is the sport 's traditional base , and hosts about half of each year 's races , the sport 's scope has expanded significantly and an increasing number of Grands Prix are held on other continents .