Things move fast in Formula One! Yesterday morning Michael Schumacher was a 5/1-shot to race in F1 this season - by the end of the day he'd confirmed he was taking the place of injured Felipe Massa in next month's European Grand Prix...

That shock announcement has sent the bookies into overdrive! Punters have raced in to back a successful return for Schuey. He's down from 12/1 to 11/4 to win a race in 2009, and Bet365, Boylesports and Paddy Power have put up stacks of specials on the European race in Valencia on 23rd August.

Schumacher is 12/1 to win the race, 3/1 to finish on the podium and just 2/5 to finish in the points.

Not all the markets focus on a Schumacher success story though. Bet365 will give you 9/4 that he doesn't finish the race in Valencia, and it's 16/1 that he retires on the first lap.

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