IndyCar 2023 Honda Indy Toronto Grand Prix Betting Odds and Analysis

IndyCar 2023 Honda Indy Toronto Grand Prix Betting Odds and Analysis

We are now beyond the midway point of the IndyCar season, and while that means that there are still 8 races to come, the gap at the top has to be more than a little concerning for every driver that isn’t Alex Palou. He is starting to open up a lead that is close to becoming too much to close down unless one of the chasing drivers makes a move sooner rather than later. The first chance to close that gap comes this weekend in Toronto. Another win for Palou could really make things tough on the other drivers, so we need someone to step up, if only to make the championship race interesting again. Let’s take a look at some of the Indycar picks for drivers who might be in the hunt.


IndyCar Betting Analysis and Prediction for the Honda Indy Toronto | IndyCar Lines by MyBookie

When: Sunday, July 16 at 1:30 pm ET
Where: Exhibition Place, Toronto, ON
TV / Streaming: Peacock


Alex Palou

IndyCar Odds: -549

After winning his first championship in 2021, Palou found just how tough it is to repeat as champion. He did not have a horrible season in 2022, but finishing 5th overall was probably a lot worse than most of us expected from him. He is back to his championship winning form this season, winning each of the last 3 races and 4 of the last 5. He looks unbeatable at the moment and has opened up a 110-point lead at the top, which is going to be very tough to close unless he gets cold in the coming weeks. He ran 6th in Toronto last season.

Bet Alex Palou to Win Today
MyBookie Betting Lines for the Race


Scott Dixon

IndyCar Odds: +720

Given how many championships he has won over the years, it might be a bad idea to count the wily old veteran out with so many races still to come. Over the last few races, Dixon has quietly moved up to 2nd in the driver standings, and while he hasn’t won a race this season, he has been no worse than 4th in each of the past 3 races. We all know that Dixon knows how to win, so it would not be a surprise to see him get hot coming down the stretch. Wins need to happen, though, and since Dixon won this race last year, maybe he can do it again this weekend.

Bet Scott Dixon to Win Today
MyBookie Betting Lines for the Race


Josef Newgarden

IndyCar Odds: +730

In order to become a world champion, a driver must display a high level of consistency over the course of a long season. We all know that it’s impossible to win every week, but staying close to the leaders and picking up points is the way to land on top. Newgarden knows what it takes to be a champion, but he has been altogether too unpredictable this season. He does have a pair of wins to his name, but he has also landed outside the top 10 far too often. Newgarden was 10th in this race in 2022, but I think we can expect better this time around.

Bet Josef Newgarden to Win Today
MyBookie Betting Lines for the Race


Marcus Ericsson

IndyCar Odds: +1025

While you don’t have to win every week to be crowned a world champion, you do need to start winning more when the current leader is taking multiple checkered flags. Ericsson got off to an amazing start to the season, winning the opening race of the year, but he has only been on the podium twice since then and has failed to win another race. That has seen him slip down to 4th overall in the driver standings, so he needs a big run this weekend. A top 5 in Toronto last season proves that such a run is possible.

Bet Marcus Ericsson to Win Today
MyBookie Betting Lines for the Race

Driver Standings
1 Alex Palou 377 points Chip Ganassi Racing
2 Scott Dixon 267 points Chip Ganassi Racing
3 Josef Newgarden 261 points Team Penske
4 Marcus Ericsson 255 points Chip Ganassi Racing
5 Pato O’Ward 250 points Arrow Mclaren
Manufacturer Standings
1 Honda 759 points
2 Chevrolet 693 points


2023 IndyCar Schedule

Month Day Race
July 16 Streets of Toronto
July 22 Iowa Speedway Race 1
July 23 Iowa Speedway Race 2
August 6 Streets of Nashville
August 12 Indianapolis Motor Speedway Road Curse 2
August 27 World Wide Technology Raceway
September 3 Portland International Raceway
September 10 WeatherTech Raceway Laguna Seca

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