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Betting Odds For Indy 500

4/15/2022
Betting Odds For Indy 500 Average ratng: 6,2/10 8822 reviews

The 2012 Indy 500 betting odds are led by Ryan Briscoe, who has been set with odds at 15/4 to win. He is not too far in front of the pack though, as there are several drivers right behind. Some of them include Helio Castroneves at 11/2, and Will Power at 6/1. Betting preview for the 2019 Indianapolis 500 set to run on Sunday, May 26, including.

One of the most legendary car races in the US is almost here! The Indianapolis 500 was supposed to take place in May, but the global health crisis forced IndyCar to postpone the event. After months of uncertainty, we now know for sure that the Indy 500 will proceed on August 23rd.

I’m sure that many racing fans will be watching and at least some will try to make some money. My Indy 500 betting guide can help you find the top betting sites and take full advantage of their offers. This post also includes the latest odds, an overview of the top drivers, my prediction, and recommended picks.

It’s the all-in-one package for Indy 500 betting! Here’s a list of all sections, so you can jump straight to the ones you find the most interesting.

Our team has spent hundreds of hours finding the best Indy 500 betting sites and the sportsbooks above stood out among the competition. They have a legit gambling license, high odds for IndyCar events, interesting promotions, and fast payments.

If you want to learn more about our selection process and take a closer look at all of the advantages of our top-rated Indianapolis 500 online bookies, check out the page below.

Indianapolis 500 Betting Odds for 2020

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Traditionally, the field is close and even the prices for the favorites are relatively high. That opens the door to some good Indy 500 betting opportunities and strategies. You can easily combine two or even three drivers instead of backing only one which is usually the smart choice.

The most natural thing would be to start with the favorites and then go through some sleepers, before sharing my Indy 500 predictions. Let’s take a look at the drivers that are expected to fight for the crown.

Scott Dixon

The big favorite for the 2020 Indy 500 is Scott Dixon. The New Zealander has won the IndyCar Series Championship five times and already has registered three wins in the current season. Dixon will start from second place and certainly has the pace to challenge for the title.

Let’s not forget that he’s won the Indy 500 back in 2008 and would love to do it again. Dixon has the experience, the mentality of a true champion, and a fast car. That’s a deadly combination and he certainly is one of the guys to consider when betting on the Indianapolis 500.

Winning the Indy 500 as a rookie is a true sign of talent and Alexander Rossi is one of the few drivers that have achieved that feat. He finished at the top in 2016 and loves the event. He will start from the ninth position after a relatively average performance in the qualifiers, but it’s a long race.

Rossi’s part of the Andretti Autosport, so he has the car to compete. On the negative side, the American is having a rather mediocre season by his standards so far and that’s a bit of a concern.

Ryan Hunter-Reay

Ryan Hunter-Reay is another former Indy 500 winner that will be eager to repeat his best performance and lift the trophy. He finished fifth in the qualifiers which was enough for a place on the second row. A decent position for anyone in an Andretti Autosport car.

And yet, Hunter-Reay has been far from his best in the past year or so. It would be hard to expect him to win the race in such a competitive field if he doesn’t achieve peak performance.

The big news from the qualifiers is that a member of the Andretti family will start from the pole position! Marco Andretti will try to match the achievement of his grandfather who won the Indianapolis 500 in 1969.

Betting Odds For Indy 500

It would be a remarkable story and we know that the latest member of one of the most famous families in racing is a capable driver. He also has a strong car and the pedigree of a champion, so Andretti certainly is in the mix.

Indianapolis 500 Sleepers to Consider

There are plenty of other skilled drivers that have a shot at winning the Indianapolis 500. We’ve seen all sorts of surprises in the past and some of the odds are really juicy. That’s why I’ve selected several names that are considered sleepers for Indy 500 this year, but they still have a chance.

Any guy that has won the Indy 500 as soon as 2017 and starts from the front row considers a mention here! Takuma Sato is a dangerous driver with loads of experience. His best days might be in the past, but the Japanese love racing in Indianapolis.

He had an excellent qualifying session and he looks ready to fight for the title. It might be a long shot, but you can easily get a price of +1500 or higher for Sato to lift the trophy.

Josef Newgarden

The 2019 IndyCar Series champion Josef Newgarden certainly would’ve been the favorite of many people if it wasn’t for his relatively poor qualifying session. The guy has 15 wins in the series since his debut in 2012 and certainly has what it takes to challenge at the Indy 500.

He starts from the 13th position which is not the end of the world if you consider that there will be 200 laps before the race is over. Newgarden will be desperate to add an Indianapolis 500 title to his list of accomplishments and the pressure will be off after the mediocre qualifier. That’s a dangerous combination and I would certainly be watching him.

I believe that last year’s winner deserves at least an honorable mention. Simon Pagenaud has been solid in 2020, but he will start the Indy 500 from row 9 after finishing 25th in the qualifying session. That’s a mountain to climb for the champion.

And yet, this is the man who took the ultimate prize of the IndyCar Series home in 2019 and I expect a strong drive for him.

My Top Betting Picks for the 2020 Indy 500

Betting Odds For Indy 500 Results

Since the odds allow it, I believe that the best approach would be to combine two Indy 500 betting picks: one of the favorites and one of the most likely sleepers. The pole position of Marco Andretti and his strong car certainly make him a good choice.

Betting Odds For Indy 500 Day

Many believe that the pressure that comes with his family name might be a problem, but I’m not so sure. The best drivers in the world are born to perform under pressure and it might even be an advantage.

That’s why he’s one of my two choices and the other one is Takuma Sato. The Japanese won the Indy 500 just three years ago and starts from the front row. Add the insane price for him to lift the trophy and the value is obvious.

  • Main pick: Marco Andretti to win +850
  • Secondary pick: Takuma Sato to win +1600

If you have a different opinion, I would love to read it! Feel free to use the comments section below to share your Indy 500 predictions.

The 104th edition of the Indianapolis 500 is scheduled for August 23, 2020 in Speedway, Indiana. The 500-mile race is one of the most prestigious in all of motor sports. Together with the Monaco Grand Prix and the 24 Hours of Le Mans, it forms the Triple Crown of Motorsport.

Betting Odds For Indy 500 2021

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Indy 500 betting odds 2021

Scott Dixon is the betting favorite at the Indy 500, but a group of drivers isn’t far behind at around +800 (8/1) odds. That cluster includes Alexander Rossi, Ryan Hunter-Reay and Marco Andretti, who held off Dixon in qualifying to win the Indy 500 pole. See below for betting odds to win the 2020 Indy 500.

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How to bet on the Indianapolis 500

Betting on race cars bears some similarities to horseracing. So, if you are familiar with handicapping the ponies, there will be some familiar ground here.

Pick the Winner

The first and simplest type of Indianapolis 500 wager is to pick the eventual winner. Almost every site that offers betting on motorsports will have this kind of wager available.

The odds on these types of bets are usually fairly long, even for the favorites. There are simply too many variables in motorsports that can affect the outcome of a race.

As a result, even the favorites don’t less than 6-1 odds.

Even past winners, such as Helio Castroneves and Tony Kanaan, are available at odds higher than 10:1 right now. So, there is quite a bit of variance in these kinds of situations.

Top Three Finish

Those accustomed to betting on horse races will recognize this style of betting. For all intents and purposes, betting on a top three finish is the same as a win-place-show bet on a particular horse.

Basically, this type of bet means that the bettor believes the chosen driver will finish somewhere in the top three. Given how long the odds are for any of the drivers in the field, it’s understandable that bettors would want a bit of leeway in the finishing order.

Head to Head Matchups

Head-to-head matchups essentially reduce the entire race down to two drivers. A bettor wagers on which of the two will place higher, even if those places are the last two in the field.

These matchups actually use moneylines in order to identify the favorite and underdog in each pairing. So, hypothetically, Will Power could go off at -125 to Helio Castroneves at +145..and so on.

Futures bets

Functionally, a future bet is the same as a pick the winner bet. The bettor is choosing a member of the field to win the race.

However, the difference is time. These bets often occur weeks or months before the race itself.

Betting odds for indy 500 racing

As a result, they are subject to far more variation due to the risk of drivers suffering injuries, setbacks, or simply falling off their game in the interim time period. So, the odds for these bets can change quite a bit as race time approaches.

Proposition bets

Finally, a proposition bet on Indianapolis 500 tends to involve some sort of gimmick or angle to the wager. In other words, the conditions of the bet may only partially pertain to the driver’s actual ability.

So, a prop bet could be something like a wager on which former champion will place the highest, or perhaps a bet on the winner’s home country. In other words, a prop bet will have an element ancillary to the actual race itself that plays a part in the wager.

Indy 500 fast facts

For those in a hurry, here is a quick guide to the upcoming race:

  • Date: Sunday, August 23, 2020
  • Time: 12:30 p.m. Eastern
  • TV: NBC
  • Easiest way to watch online: Sign into NBC.com and submit cable subscription information
  • Other online viewing options: Hulu, YouTube, Fubo, DirecTV, Sling, and IMS Stream
  • Track: Indianapolis Motor Speedway in Speedway, Indiana
  • Distance: 500 miles (about 200 laps around the track)
  • Surface: Asphalt and brick
  • Race series: IndyCar
  • Defending champion: Simon Pagenaud

A brief history of the Indianapolis 500

The Indianapolis 500 ran for the first time in 1911, with Ray Harroun winning the inaugural race. Since then, both the race and the racetrack have become one of the most famous auto races in the world. The annual event is often dubbed “The Greatest Spectacle in Racing.”

The 500-mile race takes place in an open-wheel, open-cockpit format, meaning that vehicles’ tires and drivers are exposed to the open air. This format has come to be known as “Indy Car Racing,” due to its presence at this event.

The track itself is a rectangular oval nicknamed “The Brickyard” for its partial brick surfacing. Indianapolis Motor Speedway is the highest-capacity sports venue in the world, with permanent seating for over 250,000 patrons. On race day, more than 300,000 will watch the race.

As with many venerated sporting events, there are several traditions associated with the Indianapolis 500. Before each race, race officials and a designated singer lead the crowd in a rendition of “Back Home Again in Indiana.”

The winning driver traditionally drinks from a bottle of milk to celebrate his victory. Below is a list of the most recent competitors to sample dairy products at the end of the race.

Recent Indianapolis 500 winners

YearDriverCountry
1996Buddy LazierUSA
1997Arie LuyendykNetherlands
1998Eddie CheeverUSA
1999Kenny BräckSweden
2000Juan Pablo MontoyaColombia
2001Hélio CastronevesBrazil
2002Hélio CastronevesBrazil
2003Gil de FerranBrazil
2004Buddy RiceUSA
2005Dan WheldonUK
2006Sam Hornish Jr.USA
2007Dario FranchittiUK
2008Scott DixonNew Zealand
2009Hélio CastronevesBrazil
2010Dario FranchittiUK
2011Dan WheldonUK
2012Dario FranchittiUK
2013Tony KanaanBrazil
2014Ryan Hunter-ReayUSA
2015Juan Pablo MontoyaColombia
2016Alexander RossiUSA
2017Takuma SatoJapan
2018Will PowerAustralia
2019Simon PagenaudFrance