(NOTE: For updated Las Vegas Grand Prix predictions, check out our post-qualifying F1 best bets for tonight's race.)

For the second time, Formula 1 is set to return to the streets of Las Vegas for this weekend's Las Vegas Grand Prix.

This time around, a whole host of drivers are in contention.

Thanks to a massively competitive season, my pre-practice simulations have five drivers with win odds greater than 5%. Entering last year's race, that number was just two.

It's gonna be a fun one.

So, who's the favorite, according to my numbers, and which drivers stand out relative to FanDuel Sportsbook's F1 betting odds? Let's start with the sims and then dive into which bets I like most prior to practice and qualifying.

Formula 1 Las Vegas Prediction

Formula 1 Las Vegas Betting Picks

• Lando Norris to Win (+220): Norris is still sitting on just three wins for the season, but he has had the fastest median lap time in six races. It still seems like McLaren has the fastest car, so I've got Norris as a slight value (36.8% versus 31.3% implied) to snag the win.
  • UPDATE: Norris has since lengthened to +900 to win. He qualified sixth, and Mercedes has shown massive pace. I'm still above market on Norris in my post-qualifying sims but wouldn't want to add to that position.
• Kevin Magnussen to Finish in the Points (+105): Magnussen's form has been on the rise, and he has scored points in two of his past four races with an 11th-place finish in another. His teammate, Nico Hulkenberg, is -130 to score points, but I've got the two roughly even entering the weekend.
  • UPDATE: Magnussen has since lengthened to +160 to finish in the points. He'll start 12th, and I still show value in him at that lengthened number in our post-qualifying F1 Las Vegas Grand Prix betting picks.
• Pierre Gasly to Finish in the Points (+195): Gasly has scored points in 7 of the past 14 races despite his Alpine generally lacking pace this season. I do worry about the long straights in Vegas torpedoing a team that doesn't have the same engine juice as others, but Gasly is still at 38.4% to finish top 10 for me despite that.
  • UPDATE: Gasly has since shortened to -300 to finish in the points. This comes after he qualified third. I still have slim value in Gasly -- 77.9% versus 75.0% implied -- but I'm happy to just let this +195 ticket ride.

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Which drivers stand out to you for Las Vegas? Check out FanDuel Sportsbook's latest F1 betting odds to see the full menu of options.

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The above author is a FanDuel employee and is not eligible to compete in public daily fantasy contests or place sports betting wagers on FanDuel. The advice provided by the author does not necessarily represent the views of FanDuel. Taking the author's advice will not guarantee a successful outcome. You should use your own judgment when participating in daily fantasy contests or placing sports wagers.