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Check out Formula E.
They have put all the practice sessions, qualifying and races online,
free, on demand, via youtube in high definition, with a total of 20 seconds of advertising per event.
The wheel to wheel racing is in a different league
(better) than F1.
To be fair however, there are some areas where formula 1 is more impressive than formula E...
The raw power can be felt as a visceral auditory experience.
They are much faster and have a longer range.
There is kudos and glamour (Formula E use tents for pit garages for example)
Come to think of it... by the above metric, I should just go and watch A330's take off from Perth airport. They tick all the same boxes but are slightly more exciting, in as much as the the finishing order is not quite as predictable.
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