A Formula One Participant is commonly referred to as a RACER. A RACER is a person who competes in the highest class of single-seater auto racing sanctioned by the Federation Internationale de l'Automobile (FIA). Formula One is a worldwide sport that has been around since 1950 and is considered to be the pinnacle of motorsport. Racers must have a great deal of skill, knowledge, and experience in order to compete at the highest level.