The most popular method is using the PCSX2 emulator , which allows you to run the original PS2 game disc or ISO file on your PC. It even supports upscaling to 4K, making those 2005 graphics look surprisingly sharp today.
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Because EA Sports lost the F1 license years ago to Codemasters (now owned by EA, ironically), F1 2005 is considered . This means it is no longer sold commercially, and physical copies are rare collector's items. The most popular method is using the PCSX2