Yes but in soccer, both teams start with 0 points and can tie. You can't do that in racing (a tie does happen but is so rare, it might as well never happen). Would you like to just watch cars draft each other for 3 hours and never actually overtake or try to win? Because that's what F1 is kinda is, a 15 second death scramble at the front of the poll followed by a non-competitive Sunday drive at extreme speeds. The damn time trials for poll in NASCAR are more worth watching, at least they are trying to go fast.
No overtaking != no competition. The competition largely comes down to strategy now. I find nothing more boring than racing series where cars are constantly overtaking each other. It just gets boring and repetitive.
Wait, define overtaking. I would define it as: My team moved into 15 place, from 16th, thereby increasing my chances of winning the race and the season title. Are you saying that overtaking can or cannot occur due to pit stops and the like? Because if I am reading you the way I think I am, you are saying that there can be competition even though no-one changes place in the race. If you are saying that, we just have fundamentally different ways of defining entertainment/fun. For me, overtaking and changes in position with the goal of taking 1st place are the point of racing no matter the venue (foot-races, boats, etc). For me, if you aren't trying to take 1st, you might as well hold the competition in your backyard.