Formula One (commonly abbreviated to F1 and often written as Formula 1) is the premier open-wheel single-seater racing competition in the world. Debuting in 1946, with the first World Championship contested in 1950, the formula is governed by the FIA, and falls subject to the contractual terms of the Concorde Agreement. Currently, the Formula One World Championship is contested by 10 teams, each with at least 2 primary drivers and a reserve/test driver, over a total of 23 rounds, better known as
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