Indy 500 Betting in 2020

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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 2019, Simon Pagenaud won the 103rd Indy 500 race.

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.

Indy 500 Betting 2020

The next event, the 104th, will take place on Sunday, May 24, 2020. At the moment, not much is known about who will participate in the race and their odds.

However, since Indiana online sports betting is now available – it is sure to be a popular event to bet on!

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?

2019 Indy 500 Betting Odds

Indy Driver Odds (Jul 2020)
Will POWER 7-1
Alexander ROSSI 8-1
Scott DIXON 8-1
Simon PAGENAUD 10-1
Marco ANDRETTI 16-1
Tony KANAAN 20-1
Sebastien BOURDAIS 30-1
Graham RAHAL 30-1
Fernando ALONSO 30-1
Takuma SATO 30-1
Marcus ERICSSON 40-1
Sage KARAM 40-1
Conor DALY 40-1
Ed JONES 40-1
Zach VEACH 40-1
Matteus LEIST 60-1
Colton HERTA 60-1
Jordan KING 60-1
Oriel SERVIA 60-1
Spencer PIGOT 60-1
Max CHILTON 60-1
James DAVISON 100-1
Santino FERRUCCI 100-1
Charlie KIMBALL 100-1
Patricio O’WARD 100-1
Jay HOWARD 100-1
Jack HARVEY 300-1
Ben HANLEY 300-1
Kyle KAISER 500-1
Pippa MANN 500-1

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

Sportsbook Indy 500 Betting: Current Promotions
SugarHouse 100% deposit bonus, up to $250
Resorts Sportsbook 1st bet matched up to $250
PointsBet Deposit $50 & Bet With $150
Last Verified Jul 2, 2020

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.

Indianapolis 500 Winning Odds

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

Driver 2018 Odds
Helio Castroneves 11/1
Will Power 9/1
Josef Newgarden 14/1
Takuma Sato 14/1

If you recall, the actual final was this:

Driver 2018 Result
Will Power 1st Place
Josef Newgarden 8th Place
Helio Castroneves 27th Place
Takuma Sato 32nd 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!

Bet with your head, not over it! Gambling Problem? Call 1-800-Gambler.
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