Formula one, in my opinion, is nothing more than few hamsters running inside a wheelhouse. It’s pointless endeavor and utter waste of time of everyone involved, including money and talent. I can list at least 10 reasons why I still hate it. Go ahead and prove me wrong.

1. It’s not sports: Don’t call a bunny-turtle race, a sport.if you want it to be a sport you assign the same model of cars to all drivers, and then we’ll talk.
2. It’s not a race: What kind of race needs one of its competitors to slow down as part of a team strategy ? It’s like Yohan Blake asking Usain Bolt to a slowdown because Jamaica said so.
3. Crashes: I was told in particular, the crashes are specifically are the most spectacular features of the sport. Apparently, that movies such as Death Race were inspired by these races, including F1. If it is true, then it’s deplorable.
4. It’s not exciting: Around six blokes always ahead of the game, the rest always behind. I take a nap, take a shower, grab a coffee and browse back to the channel – they will be still racing in the same race at same positions!
5. It’s a pit race: By the sound of it, races are won at the pit stops rather than tracks. It’s like cricket is won in dugout, not field.
6. Expensive: Considering you’ll only see the start, finish and one glimpse per lap as an in field audience ! Even 1$ is costly if the deal is to sit there and yawn.
7. Technology: there is this popular notion that the money generated is being put into noble use of inventions in automobile industry. With investment in the neighbourhood of A $500mil a year for each team since last so many years, and I should have expected at the least an alien car craft being invented ! But our cars still breakdown at the signal.
8. Rich-men sport: How easy is it for a new team tk make an entry into the circuit ? Suppose they do, how many years do they need to compete and log even a single point on board?
9. Hype: F1 is nothing more than a Ponzi scheme of the sports world with blown up go-karting. People follow because it is uncool not to follow. It’s a fashion statement.
10. F1 geeks: They irritate me every day with specifics of turbo engines, RPMs, cylinders and another part which never amused me!

This is part 2 of what I had written few years back.

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Update : Due to a lot of good friends of mine objected the wording of #3 on crashes being spectacular,  I have reworded it to have less exaggeration.  But content remains same. I cant believe you never heard about it. One example right away, this author explains the romance between danger and dependency of F1 revenue on it. He writes :

……No one, myself included, wants to see drivers die, but by eliminating the potential for death (as nearly as possible), the danger which led to the popularity of the sport is lost. 
The remaining glamour, without the danger, is empty and superficial—glamour for glamour’s sake—an endless parade of celebrities shuffling up and down the pit lane and drivers throwing their cars into turns knowing the risks have been diminished should they get it wrong.

I still stick to all other points, unless convinced otherwise.