In this case, using your brakes would cause you to lose. What you need to do if you see Jim coming at you head on is stomp on the accellerator -- every mph over 120 is a point in your favor. You might opt for the whipple supercharger to get you that extra, perhaps a little nitrous for the last 200 yards. Make sure you have the Superchips upgrade too. Use Avgas or octane boost. Eek every bit of performance out.
You can win that battle. You just need speed.
