Judi Radice Hays

A version of this story first ran Nov. 16, 2012.

Formula One events begin today at the Circuit of the Americas track.

F1 doesn’t have a huge following in the U.S. – it’s only in its second year in Austin – and a lot of people may not know the first thing about the sport. Here's what we learned about the basics.

First things first: what is the “formula”?


If you ever wanted to ride an Formula 1 track in your own car, the Circuit of the Americas is now selling the opportunity. A full-day private track rental goes for $55,000. Group rates are available at $2,500 per person.

"Response has been strong with more than 250 people expressing interest within the first few days of offering the experience online," Circuit Executive Vice President Bruce Knox said in a press release. 

For a sport that caters to people who commute by helicopter and drop $10,000 on bottle service, it's probably not shocking to see a $55,000 price tag attached to a single day of entertainment. But how does it stack up against the competition? We poked around and found out.