This is the second year that the contest has been running now, and the organisers have now opened it up to the rest of the world, instead of just Asia, so competition will be stiffer than ever.
There are two contests that participants can enter in, with both offering a tough challenge as well as fantastic prizes.
The first, and main, contest is called "Are You The World’s Biggest F1™ Fan?", and entails taking a quiz on the sport's history, as well as general knowledge questions about Formula One and the Singapore Grand Prix itself.
Players have to answer 23 questions in six minutes or less, and the 23 highest scorers will proceed to a final elimination round on 23 August 2011 to vie for the title of the World’s Biggest F1™ Fan.
The winner of that final round gets to walk away with over US$10,000 worth of prizes including a pair of Green Room hospitality suite tickets valued at US$6,167, a 5D4N hotel stay at The Ritz-Carlton, Millenia Singapore worth US$4,058, a pair of exclusive passes to the Drivers’ Autograph Session during the race week of this year's Singapore Grand Prix. If the winner is from overseas, he also gets a pair of round trip economy air tickets to Singapore.
The second challenge is called "What Makes The Singapore Grand Prix Special For You?", and contestants have to share a personal anecdote on what makes the Singapore Grand Prix special for them. The challenge is to write it in no more than 61 characters which is the same number of laps the drivers are required to complete at the Marina Bay Street Circuit.
The top three entries of this challenge stand to win an exclusive goodie bag packed with limited edition Singapore GP merchandise valued at US$200, US$400, US$600 respectively. This contest closes on 27 November, 2011.
To take part in both challenges, visit www.singaporegp.sg or www.biggestf1fan.com.
So, are you the World's Biggest F1 Fan?