Indy 500 Schedule 2016: Start Time, Live Stream, Odds and More for Showcase Race

Sunday's 100th running of the Indianapolis 500 offers bettors plenty of chances to come away ahead against the house.

Now, this doesn't offer any refreshing milk with it, but besting the house is besting the house—a gratifying experience in many ways. This year's Indy 500 has plenty of serious contenders, but the more the merrier for those who play a handful of guesses right.

Unlike other major races—especially those on horses, not machines—Las Vegas has to stretch itself rather thin instead of throwing weight behind one favorite. It's a good thing for bettors, as you can cover a combination of plays by picking the correct winner.

There's no wrong way to pick, either. In fact, the only wrong thing that onlookers could do is miss the festivities. Here's a look at everything to know about the race before we break down the odds.

2016 Indy 500

When: Sunday at noon ET

Where: Indianapolis Motor Speedway

TV: ABC

Live Stream: WatchESPN

Starting Grid

Pole Position	Driver	Driver	Pole Position
1	James Hinchcliffe	Josef Newgarden	2
3	Ryan Hunter-Reay	Townsend Bell	4
5	Carlos Munoz	Will Power	6
7	Mikhail Aleshin	Simon Pagenaud	8
9	Helio Castroneves	Oriol Servia	10
11	Alexander Rossi	Takuma Sato	12
13	Scott Dixon	Marco Andretti	14
15	JR Hildebrand	Charlie Kimball	16
17	Juan Pablo Montoya	Tony Kanaan	18
19	Sebastien Bourdais	Ed Carpenter	20
21	Gabby Chaves	Max Chilton	22
23	Sage Karam	Conor Daly	24
25	Pippa Mann	Graham Rahal	26
27	Matt Brabham	Bryan Clauson	28
29	Spencer Pigot	Stefan Wilson	30
31	Jack Hawksworth	Buddy Lazier	32
33	Alex Tagliani

Indy 500 Odds

Driver	Odds
Will Power	6-1
Simon Pagenaud	6-1
Juan Pablo Montoya	6-1
Helio Castroneves	13-2
Scott Dixon	13-2
Tony Kanaan	9-1
James Hinchcliffe	12-1
Josef Newgarden	12-1
Sebastien Bourdais	16-1
Ryan Hunter-Reay	20-1

Full odds available at Odds Shark.

Odds Analysis

One doesn't need Las Vegas to realize Sunday is a power struggle between Will Power, Simon Pagenaud and Juan Pablo Montoya. 

Those men all come in at 6-1 for good reason. Start with Power—he's the guy who finished as the runner-up last year. He's starting sixth this year, and Las Vegas tends to think he can parlay the lessons learned from last year into a checkered flag.

Montoya gets a nod with the favorites because he's a two-time winner and the defending champion. In fact, over three starts at the event, he's won twice (2000, 2015) and finished fifth. The man simply knows how to compete at the sport's biggest event, so it shouldn't deter bettors too much that he has to start out of the 17th slot.

Besides, Montoya doesn't sound concerned about it:

Pagenaud is the top favorite to focus on, though.

While he hasn't finished better than eighth at the Indy 500, he's the sport's best driver this year. He started the season with a pair of second-place finishes and has gone on to win three races in a row, the most recent being the Grand Prix of Indianapolis.

Elsewhere on the chart, Helio Castroneves is hard to ignore at 13-2. A three-time winner, the Team Penske driver has history on his mind and hasn't looked too shabby most of the season, finishing behind Pagenaud at the aforementioned event in Indianapolis.

Also at 13-2 is Scott Dixon, a veteran with a top-10 finish to his name in all five events this year. He won the Indy 500 in 2008 and has tallied nine top-10 finishes at the spectacle since 2003.

Last year, Dixon won the pole but wound up fourth. This year he starts 13th, but one has to think he's due to improve upon it by the time the race ends. He sounds confident after a gritty week of qualifying:

Of the other drivers among the top 10 out of Las Vegas, James Hinchcliffe is by far the most notable.

He stands as the center of attention going into Sunday after the near-fatal crash last year. He's back and in elite form—something one can glean from his winning the pole last weekend.

At 12-1, Hinchcliffe is a nice payout and a trustworthy option. He's posted three top-eight finishes in a row and is entering his second year with Schmidt Peterson Motorsports after not getting to take to the track with the team at this event last year.

Still, Hinchcliffe has remained grounded and is tempering expectations going into the event.

"You know, 10 miles (qualifying) is one thing, 500 miles is another," Hinchcliffe said, according to Elton Alexander of the Plain Dealer. "We still have a lot of work to do. There's still one big thing to check off the box before we start talking about the movie rights."

As mentioned, there isn't a wrong way for bettors to stack bets, as so many notable drivers and storylines suggest a wild race dominated by the big names. 

It's fitting that one of the globe's biggest sporting events looks better than ever for its 100th iteration.

Stats and information courtesy of IndianapolisMotorSpeedway.com unless otherwise specified. Odds courtesy of Odds Shark.