Can You Beat the 2024 Indy 500? Expert Betting Odds, Tips & Predictions

Can You Beat the 2024 Indy 500? Expert Betting Odds, Tips & Predictions

IndyCar 108th Running of the Indianapolis 500: Even if you are not a fan of racing, there are probably a couple of events that make you want to get your wallet out and make a wager.

One of those is more than likely the Indianapolis 500, and if that is indeed the case, then get ready to place your bets.

Today’s MyBookie IndyCar Indy500 Top 6 Favorites
1. Scott McLaughlin101 points
2. Josef Newgarden100 points
3. Will Power98 points
4. Kyle Larson94 points
5. Pato O’Ward94 points
6. Alexander Rossi94 points

My Indy 500 Analysis

The 108th running of the iconic race goes on Sunday at 6 PM EST, and we have a little detail that is set to make it more interesting than ever. Weather permitting, Kyle Larson is going to attempt “The Double,” which means that he will race for NASCAR in the Coca-Cola 600 before heading to Indianapolis to drive another 500 miles in this one. It’s something that only a handful of drivers have attempted, but if the weather does not hold, he might need to pick one or the other. Whatever the case, the bookies have their odds set for the 108th running of the Indianapolis 500, so let’s take a look.


Scott McLaughlin IndyCar Lines +610

This is a race that tends to deliver a surprise winner and very often has little to do with current form in IndyCar. McLaughlin will certainly be hoping that proves to be the case, as he has not been at his very best this season. He finished the 2023 season in 4th overall, with many expecting him to challenge for a championship this year, but he is off the pace a little and sitting in 6th overall heading into the weekend. He does have 1 win, with that one coming in Alabama for the second straight year. This race has not been particularly kind to McLaughlin, whose best finish is 14th in 3 attempts. I don’t really like his chances here.


Josef Newgarden IndyCar Lines +640

If you don’t really follow the sport of IndyCar that much, you may want to take a chance on a former winner. In that case, you might consider taking a look at Josef Newgarden, who is having something of a troublesome start to the season. He has already been docked points after his team was caught using illegal software in his, as well as other drivers, vehicles. He has a hole to dig out of here, but the major points that are up for grabs for the winner could help him start clawing it all back. Newgarden won this race last season, but you have to go back to 2002 to find the last time a driver won in back-to-back years, which is something to consider if you are thinking of betting on Newgarden.


Will Power IndyCar Lines +660

We have another former winner up among the favorites, with Will Power winning this race back in 2018. He followed that victory up with a 5th place finish a year later, but he hasn’t really come close since, which may raise some concerns for those of you thinking of taking a chance on Power this Sunday. To be fair, though, he has been very consistent this year and already has a trio of 2nd place finishes in 3 of the 4 official races this season. He has definitely been knocking on the door, and since he has proven that he has what it takes to win the big one, he might well be worth a very serious look at what are very decent odds.

Kyle Larson IndyCar Lines +710

You have to look at Larson’s attempt to perform The Double this weekend and wonder if it is a gimmick or a serious attempt to make history. One thing you need to be aware of is that the weather could well be an issue this weekend, which may force him to choose between this race and running in the NASCAR Cup Series. When pressed on the matter, Larson suggested that if it came down to making a choice, he would go with racing in the Indianapolis 500, but this is something you need to keep an eye on before you bet. If he is able to run in both races, you do have to wonder how much gas he will have left in the tank after racing for 600 miles in the NASCAR race.

Pato O’Ward IndyCar Lines +980

So, if you were to press me to make a bit of a dark horse pick for the Indianapolis 500 this weekend, I might well lean toward Patricio O’Ward. He first ran in this race in 2020, finishing 6th and winning the Indianapolis 500 Rookie of the Year award. He followed that up with back-to-back top 5 finishes, including a 2md place run in 2022. He wasn’t much of a factor last season and has been a little bit off the pace since winning the opening race of the year this season. While he has not been in great form, this seems to be a race that O’Ward really seems to get up for, so you might want to consider a top 5 wager if you don’t really like his chances to win.

Alexander Rossi IndyCar Lines +1125

This is another driver that has not really been much of a factor in IndyCar this season, but who cannot be counted out of this race. Rossi has quite the history with the Indianapolis 500, so let’s take a moment to quickly break it down. He came into IndyCar in 2016 and basically did nothing through the opening 5 races of the season before stunning everyone to win the Indy 500. He has not won it since, but he has been a consistent performer. In the 7 races since that inaugural win, he has only been outside the top 10 once. He has finished 5th in this race in each of the last 2 seasons and might well be worth taking as a top 5 finisher this time around.


Bet Indy 500 Odds

When: Sunday, May 24 at 11:00am ET – 4:00pm ET
Where: Indianapolis Motor Speedway
TV / Streaming: NBC, Peacock, IndyCar Live, SiriusXM


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2023 Indy 500

Even if you are not a huge sports fan, there are certain events that seem to intrigue everyone and make them inclined to wager. We are talking about things like the Super Bowl. Kentucky Derby, World Cup Final, and, of course, the Indianapolis 500. There is no doubt that this race is one of, if not the, biggest races in motor sports. The wait for the 2023 version of the Indianapolis 500 is almost over, as it is set to go this coming Sunday. Alex Palou is coming off a win on the Indianapolis track, but the 500 is a different setup, so can we really look at that win as a sign that he might be about to do the double in Indianapolis? Things may change, but here are the IndyCar betting analysis and the current favorites for the Indianapolis 500.

Early Week Updated for the Indy 500 | IndyCar Odds

When: Sunday, May 28 at 11:00 am ET
Where: Indianapolis Motor Speedway
TV / Streaming: NBC, Peacock

Josef Newgarden

Betting Pick: +600

Over the course of the last 6 years, Newgarden has been either 1st or 2nd overall 5 times, but despite that success, a win in the biggest race on the IndyCar schedule has eluded him. He has finished in the top 5 a couple of times, but his last 3 runs in this race have seen him fail to crack the top 10. He is also off to a bit of an uneven start to the 2023 season, and while he does have 1 win under his belt, his results have been unpredictable. All of that said, this is a guy who knows how to win, so he cannot be ruled out.

Scott Dixon

Betting Pick: +600

You cannot argue that Dixon in one of the best drivers ever to grace the IndyCar circuit, coming into this season with no less than 6 World Championships to his name. The last, and only, time he won the Indianapolis 500 came in 2008, a year where he also went on to win it all. His last championship came in 2020 and he has been slipping a little ever since, with this season seeing him down in 7th in the early going. Despite the odds, Dixon still feels like a bit of a risky bet to me this weekend.

Scott McLaughlin

Betting Pick: +600

Last year proved to be a breakout season for McLaughlin, who cracked the top 10 overall for the first time, finishing the season in a very respectable 4th. He won 3 races last season and is on pace to match that win record, with 1 win from the opening 5 races of the year. As good as he has been, he has still yet to prove himself in this race, with a 20th place finish his best showing in 2 attempts. I do think he will have a higher finish this time around, but will it be a win?

Pato O’Ward

Betting Pick: +700

If I had to make a decision now on who I think might win this weekend, I think my money would be on O’Ward. He is coming off a disappointing season, but he has put that in the rearview and is delivering the goods in 2023. Sure, he has yet to win this season, but he does have a trio of 2nd place finishes through the opening 5 races. You also need to look at his recent performances in this race, with a 4th in 2021 followed by a 2nd place finish last year. It just feels like the time is right for O’Ward.

I have read enough, I need to place my bet now. What to do?

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