How can I watch Formula one games live for free on my PC?

May be...

Get satellite tv software for your PC.With it you can watch Formula one games and many tv channels live for free on your PC.Here you can get it.http://satellite-tv-softwares.blogspot.c...

If you are from the UK, you can watch them on the BBC website:

http://news.bbc.co.uk/sport1/hi/motorspo...

http://www.bbc.co.uk/iplayer/categories/...

BBC show an exact live version on there website, because TV can be slightly of live, and if you want text i think someone writes it live on the BBC website to.
Hope that helps.geared towards