F1 Hungary 2012: Watch Live Stream Online of Formula One Grand Prix; Prediction, Preview, Qualifying Recap

When and where: The Formula One Hungarian Grand Prix gets underway in Budapest at 8 a.m. ET. Coverage will be provided by Speed. Live timing and statistics can be followed at Formula1.com. Viewers in the U.K. can watch a live stream via SkyGo.

Preview: Lewis Hamilton put himself in a strong position to get his world championship challenge back on track as he took pole position for the Hungarian Grand Prix. The McLaren driver has just an eighth position to show from his last three races leading to him falling 62 points behind championship leader Fernando Alonso.

It has been a very different story this weekend, though. Hamilton has dominated in Budapest and always looked to have too much for his competitors throughout qualifying. Romain Grosjean will be delighted at having grabbed second, while Sebastian Vettel looked less than ecstatic after claiming third spot on the grid. At least Vettel fared considerably better than his Red Bull teammate Mark Webber, who qualified in 11th. Alonso will begin in sixth in his Ferrari, with Kimi Raikkonen fifth and Jenson Button one place better off in fourth.

The session belonged to Button's team mate Hamilton, though, who was beaming after securing what was McLaren's 150th pole position.

"It's been a really good weekend so far," he said, according to the Formula1 website. "After Jenson was able to demonstrate the pace of our car in the last Grand Prix, at Hockenheim, now for us to be able to come to Budapest this weekend and be really 'on it' is just great."

With qualifying more important at the Hungaroring than at most circuits on the calendar, Hamilton will be confident of converting his pole into his second victory of the season on Sunday.

"I'm really hoping that I'll be able to make a clean getaway off the line and then stay ahead while looking after the tires," he revealed.

Red Bull found themselves in the spotlight for all the wrong reasons once more in Hungary. Just days after the FIA changed the rules on engine mapping to prevent Red Bull aiding their cornering performance and tire wear, it emerged that the British-based team were asked at the Canadian Grand Prix to make changes to ts front suspension. It had been discovered by officials that the suspension could be modified by hand, when rules state it must be done by tools.

Though Red Bull have claimed that they never broke the regulations, it was another unwelcome distraction for the team. Their performance on the track did little to aid the mood of those at Red Bull--Webber found himself bumped out in Q2, while Vettel admitted that things had not gone smoothly.

"It was difficult session for us," the two-time defending champion said. "We didn't get into qualifying how we would like and the rhythm wasn't there straight away. We burned more tires than we thought in the beginning, so we only had one new set for Q3."

There struggles paled in comparison to that of Mercedes, however, who endured a dismal qualifying performance. Nico Rosberg will start from 13th, while seven-time world champion Michael Schumacher fell at the first hurdle and will occupy 17th on the grid.

Prediction: A bad start and the possibility of rain look to be the only things that could prevent Lewis Hamilton from storming to victory on Sunday. If the rain does come down then Alonso could once again take advantage and secure at least a spot on the podium.

The likelihood is, though, that Alonso will be fighting with Vettel, Button and Grosjean for second place with Hamilton cruising away from the field.