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Indy 500 Betting in 2020

Why not beat the summer heat by planning for the 2020 Indy 500? The smell of rubber and asphalt brings to mind the best Indy 500 betting! As you know, the Indianapolis 500 is a famed, open-cockpit car race in America since 1911.

In this guide, we lay out the best Indy 500 betting tips, odds, and predictions. Plus, we outline which sportsbook to go with and how to place your bets. Lots of these sportsbooks are going to be offering bonuses and promos, so we’ll run those down for you as well.

2019 Indy 500 Betting Odds

Indy DriverOdds (Nov 2019)
Will POWER7-1
Josef NEWGARDEN7-1
Alexander ROSSI8-1
Scott DIXON8-1
Ryan HUNTER-REAY10-1
Simon PAGENAUD10-1
Helio CASTRONEVES12-1
James HINCHCLIFFE14-1
Marco ANDRETTI16-1
Ed CARPENTER16-1
Tony KANAAN20-1
Felix ROSENQVIST20-1
Sebastien BOURDAIS30-1
Graham RAHAL30-1
Fernando ALONSO30-1
Takuma SATO30-1
Marcus ERICSSON40-1
Sage KARAM40-1
Conor DALY40-1
Ed JONES40-1
Zach VEACH40-1
JR HILDEBRAND40-1
Matteus LEIST60-1
Colton HERTA60-1
Jordan KING60-1
Oriel SERVIA60-1
Spencer PIGOT60-1
Max CHILTON60-1
James DAVISON100-1
Santino FERRUCCI100-1
Charlie KIMBALL100-1
Patricio O’WARD100-1
Jay HOWARD100-1
Jack HARVEY300-1
Ben HANLEY300-1
Kyle KAISER500-1
Pippa MANN500-1

How to Bet on the Indy 500

If you’re new to sports betting, don’t worry. We’ll take you through the different kinds of Indy 500 bets you’ll be making and how they work. If this isn’t your first time around the track, we’ll then break down which sportsbooks are going to give handicappers the best edge with bonuses, promos, and the like.

As always, knowing is half the battle, so keep an eye on your favorite drivers (and underdogs) to be making the most informed Indy 500 bets you can.

Betting on Indy 500 Winners

This is pretty straightforward – bet on who you think is going to win. Keep an eye on the Indy 500 lineup in the leading months, and make an educated choice on the winner. There’s a little extra edge to this, however. See, certain sportsbooks are going to have their odds leaned toward a favorite.

For example, if lots of bettors last year on FanDuel leaned towards Danica Patrick due to her retiring, her odds were then skewed. As such, the odds you receive might not match up with reality.

Indianapolis 500 Bet Matchups

Matchups are in the name: your favorite drivers are put into groups, and you wager which driver in those groups will win. For Indy 500 bets, this can be head-to-head, groups of 3 to 6, etc., but make sure you have a working knowledge of each of the drivers in the groups before you make your wager.

Indy 500 Podium Bets (Top 3)

In this type of Indy 500 bet, you just bet on one driver to come in one of the top three spots. Simple. Actually, it can be a bit tricky, as drivers tend to perform consistently at the Indy 500, even if they have good or bad race performance elsewhere. Keep an eye on previous stats to make the most informed, best Indy 500 bet if you’re betting Podium.

Indy 500 Prop Bets

Prop bets are interesting– you’re not betting on the Indy 500 winner but on a whole bunch of other facets of the race. DNF, who will do X number of laps before DNF, will a Brazilian driver win the event, etc.

Indy 500 Futures Bets

Futures bets on the Indianapolis 500 are taking place ahead of time, so get on those now if you want to make your bets. Essentially, you’re betting on the winner and watch your odds go up or down over time. These are definitely not bets for beginners.

Indy 500 Live Betting

Live betting occurs during the actual Indy 500 race and can be a really fun way to bet. You’re going to be wagering on things like who will win the next lap, whose car might be disabled in the next X amount of time, and more. These wagers can be really cheap, too, so it is a fun and fast-paced way to get into Indy 500 betting.

Best Sportsbooks to Bet on the Indy 500

PointsBet Sportsbook

PROMO CODE: MAXBONUS

  • iOS & Android Apps
  • Exclusive Code: MAXBONUS
  • Deposit $50 & Bet With $150
Bet Now
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PointsBet Responsibility: If you or someone you know has a gambling problem and wants help, call 1-800-Gambler.

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PointsBet T&Cs: PointsBet Responsibility: If you or someone you know has a gambling problem and wants help, call 1-800-Gambler. Visit PointsBet
SugarHouse Sportsbook

PROMO CODE: SPORTMAX

  • iOS & Android Apps
  • Live Betting Markets
  • Up to $250 Sign Up Bonus
Bet Now in NJ
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SugarHouse Responsibility

If you or someone you know has a gambling problem and wants help, call 1-800-Gambler.

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SugarHouse Responsibility: If you or someone you know has a gambling problem and wants help, call 1-800-Gambler. Terms & Conditions
Resorts Sportsbook

NO CODE NEEDED

  • IOS & Android App
  • First bet matched up to $250
  • $150 Bonus on 1st Deposit
Bet Now
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Resorts Sportsbook T&Cs

Every player must be 21 years of age or over and wagering from the state of New Jersey.

Resorts Sportsbook T&Cs: Every player must be 21 years of age or over and wagering from the state of New Jersey.
SportsbookIndy 500 Betting: Current Promotions
SugarHouse100% deposit bonus, up to $250
Resorts Sportsbook1st bet matched up to $250
PointsBetDeposit $50 & Bet With $150
Last VerifiedNov 12, 2019

Indy 500 Betting

Indy 500 Favorites

Will Power, winner of the 2018 Indy 500, is an obvious favorite again this year. Also of note is Takuma Sato thanks to his IndyCar Series win in 2018, right on the heels of a 2017 Indy 500 win. Another of Andretti’s team, Alexander Rossi, is quickly developing as a fan favorite in the US, though he placed pretty poorly in last year’s qualifiers. Next, Helio Castroneves, a three-time winner, is on track for a record-making fourth win with Team Penske. Lastly, Josef Newgarden, US-born racer and recent winner of the Astor Cup, is worth keeping an eye on.

Our Choice for Indy 500 Betting

You’re going to want to go with SugarHouse on this one. For betting on the Indianapolis 500, we found that SugarHouse had the best and easiest-to-use app, in addition to having the best bonus offer of any of the sportsbooks mentioned. Get up to $250 when you make your first deposit with SugarHouse, and get ready to bet on the Indy 500, whether you’re making your futures bet now or live betting on race day.

Indy 500 Fast Facts

Starting in 1911, this historic race in Speedway, Indiana features open-cockpit, open-wheel vehicles on an oval track. Like F1 cars, Indy cars have the wheels further away from the chassis and not tucked in under a fender as with NASCAR. As for winners, the current record holders are Rick Mears, Al Unser, and A.J. Foyt, who have won the race four times each.

Interested in betting on this fast-paced American tradition?

Indianapolis 500 Winning Odds

Let’s take a look at some odds for the Indianapolis 500 race using some 2018 numbers:

Driver2018 Odds
Helio Castroneves11/1
Will Power9/1
Josef Newgarden14/1
Takuma Sato14/1

If you recall, the actual final was this:

Driver2018 Result
Will Power1st Place
Josef Newgarden8th Place
Helio Castroneves27th Place
Takuma Sato32nd Place

Just goes to show, the oddsmakers on these sportsbooks don’t always get things right. Sato and Newgarden had identical odds but very different box scores at the final.

Our Final Thoughts

If you’re going to bet on the fast-paced and thrilling Indy 500 race, make sure your love of the sport keeps you educated on odds, underdogs, and the ins and outs of the series prior to the big race. Then, get on SugarHouse and grab yourself a huge deposit match bonus for the best bang for your buck. Good luck, have fun, and start your engines!

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