Following Fernando Alonso’s impressive win at Silverstone to cut the gap on Sebastian Vettel at the top of the F1 Drivers’ Championship 2011, all eyes are now on the Formula 1 German Grand Prix at Nurburgring on July 24, the 10th race of a 20 race schedule.

Each new F1 Grand Prix brings the F1 betting season to an exciting point in its schedule making the odds on some drivers very good value depending on previous results and each race date can greatly affect standings as bettors look forward to the forthcoming race fixtures.

The Hungarian Grand Prix is the third race in the F1 fixtures for July after the British and German Grand Prixes and it is still crucial to the outcome of this year’s championship. Vettel is still the man to catch but with Hamilton and Button hot on his tail he needs a win in Hungary to put even more distance between him and the chasing pack.

Currently, from the results so far this season, Germany’s Sebastian Vettel tops the standings and is looking good for back-back Drivers’ Championships when the final race takes place later this year.

It looks like the German ‘Wunderkind’, ‘Der Meister’, is strengthening his grip on the Formula 1 title and as the F1 world tour moves from the UK to Germany, what will be a value bet on this Formula 1 Grand Prix?

Sebastian Vettel has started the 2011 Grand Prix in spectacular fashion winning all but 1 race from the first 6, so punters will be scrambling to make Canadian Grand Prix bets, hoping to cash on Vettel’s success and crossing fingers that the results so far will continue in the same way in the next race on the schedule, leaving the reigning champion at the top of the F1 Drivers’ Championship standings.