Formula 1 Odds: European Grand Prix Preview

Sebastian Vettel is looking for another surprise win at the European Grand Prix. (AP Images)"]

Vacation is over, it is time to bet on F1 again!

Following a four-week midsummer break, the F1 circus reconvenes in Valencia this weekend for the second running of the European Grand Prix in the Spanish city.

At last year's inaugural GP Felipe Massa dominated the weekend, winning from the pole and setting the fastest lap for good measure. Lewis Hamilton finished second, and the combination of this and his incredible win in Hungary four weeks ago makes him the favorite to win at +250.

Sebastien Vettel is listed at +300 to win, while Mark Webber checks in at +450.

With seven races to go this season, the Championship is once again heading for a dramatic ending. Red Bull and Brawn remain the main Championship favorites, but with Ferrari and McLaren now capable of podium finishes the odds for a runaway winner now seem increasingly unlikely.

It all starts bright and early Sunday morning.

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