Competition is healthy! At least that’s what we’ve been taught in business school anyway. But before commerce even became a concept, competition was rife among humans. It has been second nature for us to compete with others from near infancy, sibling rivalry being a good case-in-point. And even dating back to the biblical ages, we read about children going to extremes and vying for their parents’ favor. With all the pride and patriotism evident throughout history, coupled with the progression of sports going back to the gladiators during the Roman era, it’s no surprise that we would eventually end-up marrying our love of sports with our passion for motorcars. And let’s not forget the perfect match to the motorsport betting odds industry.
It was a long time coming, but motorsport eventually started in 1894 when a French newspaper organized the first recorded race. The city-to-city race involved driving from Paris to Rouen and then back to Paris. But it was in the year 1900 when the sport officially established itself through the Gordon Bennett Cup event. Australia then opened the world’s first motor racing track, dubbed the Aspendale Racecourse. And motorsport was even a demonstration event at the Summer Olympics in the year 1900. Fast forward through a century of Grand Prix races, stock car racing, and drag racing, motorsport today brings the world together in a multi-billion dollar racing events & motorsport betting odds industry.
– The Different Motorsport Markets
Motorsport events are divided into two primary categories, depending on how the wheels are configured in relation to the vehicle’s wheel arches. The first is vehicles with their wheels outside, known as Open-wheel Racing. The Formula One Grand Prix is one such example. It is governed by the FIA (Fédération Internationale de l’Automobile), Formula One is owned by the privately traded Formula One Group company who organizes all the Formula One events. It is one of the most significant racing events followed internationally, with a set of specified rules applicable to participating vehicles. The second category of vehicles has its wheels primarily enclosed inside. This class is famous for racing events like NASCAR.
– Motorsports Amidst the Global Pandemic
With lockdowns, social distancing, and a plethora of mitigating practices set in place to curb the Covid-19 outbreak, almost all racing events are set to stay on schedule. This comes as the world is implementing lighter measures in the hopes of getting the economies back to what it was before. NASCAR has recently updated the schedule for its series to take place at the Pocono Raceway, Kansas Speedway, Indianapolis Motor Speedway, Kentucky Speedway, New Hampshire Motor Speedway, and the Texas Motor Speedway. This comes as welcomed news to motorsport fans, as loyal followers are in much need of a distraction from the current times we live in.
– African American Motorsport Voices its Opinion
The latest racial injustice incident relating to the tragic death of George Floyd has the entire world in angst. Whether it’s the human rights violations in the form of restrictions caused by the current state of the world, or merely a case of the straw that finally broke the camels back, mankind is taking a united stand against racial injustice. Bubba Wallace, NASCAR’s only Cup Series African American driver, spoke candidly about a racial experience he has had with police. Wallace requested that his peers be vocal about it. What more can be expected during introspection and reflection, when we have enough alone-time with our thoughts to connect through empathy. Many individuals and industries have taken a stand of solidarity, and we’ve even witnessed law enforcement take a knee alongside demonstrators.