Indy 500 Betting Odds: Favorites to Win for the Weekend

Indy 500 Betting Odds: Favorites to Win for the Weekend

On Sunday, May 28, the 107th installment of the Indianapolis 500 will take place on the track’s oval layout. The broadcast starts at 11 am Eastern time on Sunday, with the call on NBC. The entry list has 34 drivers, but one will end up on the outside looking in, as only 33 slots are available for qualification. The race goes 200 laps and the 2.5-mile, four-turn track. As you think about how to incorporate this race into your IndyCar betting, we will look at some of the real long shots for the day.

 

IndyCar Betting News: Indy 500 Preview

 
Driver Odds
Scott Dixon +600
Pato O’Ward +700
Colton Herta +800
Josef Newgarden +850
Marcus Ericsson, Scott McLaughlin, Alex Palou, Will Power +1000
Tony Kanaan +1500
Takuma Sato+1750
Alexander Rossi, Rinus VeeKay, Ed Carpenter +2000
Helio Castroneves, Simon Pagenaud, Graham Rahal +2500
Conor Daly, Romain Grosjean, Felix Rosenqvist +3000
Ryan Hunter-Reay +4000
Marco Andretti, Santino Ferrucci, Kyle Kirkwood, Christian Lundgaard, David Malukas, Stefan Wilson +5000
Jack Harvey +7500
Devlin DeFrancesco +10000
Callum Ilott, Benjamin Pedersen +15000
 
Bet on the Indy500!

Helio Castroneves

won this race two years ago in his first ever race at the wheel of the #6 Meyer Shank Racing Honda – at +2800 odds. This time around, his odds are slightly better, and he has a shot at becoming the only driver to win this race five times. The Meyer Shank team has not started 2023 particularly well, and they didn’t show as well at Indianapolis in 2022 as they did the year before, but Castroneves did snag seventh place last year, and in the first oval race of 2023, at Texas Motor Speedway, he came in tenth. He also looked fast in April testing ahead of the Indy 500.

Simon Pagenaud

is also part of Meyer Shank Racing, and Pagenaud came in eighth at the Indy 500 a year ago, just behind Castroneves. Like Castroneves, Pagenaud also showed promise at testing last month. He won here in 2019, and he came in third in 2021, behind Castroneves and Alex Palou.

Ryan Hunter-Reay

won this race in 2014 and looked like he was heading to victory in 2016, but a pit row mishap slowed him way down. In 2017, he also looked like he was cruising to victory, and he had an engine failure. He is returning to Indianapolis this year after not having a team in 2022, running with Dreyer & Reinbold Racing instead of Andretti Autosport, who was his team in the 2010s. Dreyer & Reinbold saw Santino Ferrucci challenge for the win last year and end up in the top ten and Sage Karam come from 31st in the grid to finish in seventh.

Conor Daly

has just two top-ten finishes with his current team, but he led more laps than any other driver in the 2021 Indy 500 before a flying tire caused him enough damage to fall out of the lead pack. Ed Carpenter Racing has a reputation for stellar qualifying performances, followed by letdowns on race day. However, Daly has been the exception, leading more laps in 2022 than he did in 2021 and taking sixth place.

David Malukas

came in 16th last year but somehow didn’t win Rookie of the Year. He used that snub as motivation, and he has cracked the top eight in every oval-track race since then, and last year he was the top finishing driver not racing for Team Penske, Arrow McLaren or Chip Ganassi in the oval standings. He was the runner-up at World Wide Technology Raceway at Gateway, when he zipped past Scott McLaughlin and was bearing down on Josef Newgarden when he ran out of time. He came in fourth at the oval opener this year at Texas Motor Speedway.


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