Recently, some exchanges have been running these F1 events, and to be honest, I really can't figure out the logic behind them.

I spent a long time researching, but I'm still confused—how exactly does this work? What's even more puzzling is whether certain outcomes have already been predetermined behind the scenes. It feels like the rules aren't all that transparent, and there's always this sense of uncertainty.

Is there anyone who can explain how this mechanism works? Or is everyone just as confused and simply guessing?