Scott Dixon will start on the pole in Sunday's Indianapolis 500 after qualifying with a four-lap average of 232.164 mph, the fastest qualifying time since Arie Luyendyk set the record at 236.986 mph in 1996.

Dixon, a four-time Verizon IndyCar Series champion, is vying for his second Indy 500 victory after winning the 200-lap race in 2008 and is currently the favorite alongside two-time Formula One world champion and McLaren Honda Andretti entry Fernando Alonso. 

Andretti has four cars in the front three rows including the defending race champion, Alexander Rossi, and Michael Andretti's own son, Marco. In fact, there are six Andretti cars in the 33-car starting grid, the most by one team since Andy Evans started seven in 1996 with Team Scandia. 

What are the Las Vegas odds for the Indianapolis 500?

Here are the race odds according to Sportsbook.ag:

Scott Dixon 6-1
Fernando Alonso 8-1
Helio Castroneves 9-1
Juan Pablo Montoya 9-1
Marco Andretti 9-1
Ryan Hunter-Reay 9-1
Tony Kanaan 9-1
Josef Newgarden 10-1
Will Power 10-1
Simon Pagenaud 12-1
James Hinchcliffe 15-1
Ed Carpenter 18-1
Carlos Munoz 20-1
Alexander Rossi 22-1
JR Hildebrand 22-1
Takuma Sato 25-1
Charlie Kimball 30-1
Graham Rahal 30-1
Ed Jones 50-1
Jack Harvey 60-1
Mikhail Aleshin 60-1
Max Chilton 65-1
Oriol Servia 90-1

Key stats and news for Indianapolis 500

While Dixon won the Indy 500 from the pole in 2008 (he finished fourth after starting from the pole in 2015), starting position has not been a major factor in the race’s outcome in recent years. Dan Wheldon in 2011 is the most recent driver to start in the first three rows and win the race. Since then, the winners started 16th (Dario Franchitti), 12th (Tony Kanaan), 19th (Ryan Hunter-Reay), 15th (Juan Pablo Montoya) and 11th (Alexander Rossi).

James Davison will replace Sebastien Bourdais in Dale Coyne Racing's No. 18 car. Bourdais crashed Saturday during qualifying, leaving him with multiple fractures in his pelvis and a fractured right hip. 

Max Chilton (228.59 mph) and rookie Ed Jones (228.12) turned the fastest laps in Monday's second-to-last practice with Dixon placing third (227.16). 

Who will win the 2017 Indy 500?

Chip Ganassi Racing was uncharacteristically quiet in qualifying and the Fast Nine Shootout. The veterans have been quick in practice, however, and the race team has a history of winning its share of a record 16 Indy 500s from beyond the front row.

Since 2001, Roger Penske’s cars have prevailed from the 11th, 13th, 10th and 15th starting positions and we see another come-from-behind win for the Chevrolet drivers thanks to Josef Newgarden. The 10-1 favorite finished third last year and will start the race on the inside of Row 8 near teammates Helio Castroneves and Juan Pablo Montoya. Expect the veterans to lead the 26-year-old Newgarden to the front.