Many fans and experts had pegged Paul George as a favorite to come home with the award, but with Iman Shumpert bowing out and Jeremy Evans taking his spot, it's shaken up how some feel heading into the event.
Although George remains the favorite, it's only by a slim margin ahead of Evans.
Courtesy of Bovada, here are the current odds for who will come out on top.
Paul George (3/2)
Jeremy Evans (11/4)
Derrick Williams (3/1)
Chase Budinger (4/1)
As we can see, despite George being the favorite and Evans close behind him, the odds indicate that everybody competing has a fairly good chance of winning.
With the change in format this season, that makes sense.
Unlike in past seasons, there will be just one round of dunking, and the winner will be chosen solely by fan vote.
It's hard to predict in which direction the fans will swing, but there is no doubt that an element of popularity (despite how good or bad the dunks may actually be) will play into the decision as to who emerges on top.
But despite the odds, who should be considered the favorite to take it home?
Since the original field of of competitors was initially released, I've been taking Paul George as the favorite to come out on top, and there has been nothing to change that stance as of now.
Although many are quickly discrediting Chase Budinger, he has a surprising vertical leap and is a very legitimate dark horse candidate.
Both Derrick Williams and Jeremy Evans are unbelievable athletes who deserve more playing time for their respective teams, but it's going to be incredibly difficult to knock off George, who has shown time and time again in games this season why he's earned his spot in the contest.
An impressive athlete and a player who has really seemed to turn the corner in 2012, George is riding a giant wave of momentum wave into Saturday night.
There is a lot to like about his chances, and we're certainly in for a show when he gets his opportunity.