HomeLatest NewsIndianapolis 500 Odds and Picks

Indianapolis 500 Odds and Picks

Memorial Day Weekend means something to everyone. For car racing enthusiasts it means the Indianapolis 500. Annually run at the end of May, the premiere event of the IndyCar series is a test of endurance for drivers and a thrill ride for spectators. For the third straight year Scott Dixon is the Indy 500 betting favorite, though that that hasn’t helped him previously.

He was runner-up in 2020 to Takuma Sato despite leading for 111 laps. Last year Dixon was a distant 17th as Helio Castroneves won his record tying fourth Indy 500 in what was a surprise. One of the best drivers with six IndyCar championships, Dixon is hoping the third time’s the charm as he looks to become a multiple Indy 500 winner adding to his 2008 triumph.

The 106th running of the Indy 500 gets underway from Indianapolis Motor Speedway at 12:30 p.m. ET on Sunday, May 29. The race will be televised live on NBC with betting options available at BookMaker.eu.

Odds to win 2022 Indianapolis 500

Scott Dixon +527

Alex Palou +752

Patricio O’Ward +902

Josef NewGarden +1004

Rinus Veekay +1004

Marcus Ericsson +1306

Colton Herta +1406

Scott McLaughlin +1406

Will Power +1406

Takuma Sato +1406

Jimmie Johnson +1506

Felix Rosenqvist +1810

Tony Kanaan +1810

Alexander Rossi +1810

Ed Carpenter +2214

Simon Pagenaud +2214

Romain Grosjean +2518

Helio Castroneves +2518

Graham Rahal +3026

Conor Daly +5000

David Malukas +5000

Marco Andretti +5000

Santino Ferrucci +6000

Juan Pablo Montoya +6000

JR Hildebrand +6923

Sage Karam +8000

Callum Ilott +10000

Kyle Kirkwood +10000

Jack Harvey +12000

Christian Lundgaard +15000

Devlin Defrancesco +15000

Dalton Kellett +15000

Dixon sits alone at the top of the odds list because he’s been one of the best drivers on the IndyCar Series for some time. He’s won at least one race in 17 straight seasons and has 50 career series wins. However, he hasn’t had much luck at the Brickyard with his lone triumph coming over a decade ago. Still, he has four other podium finishes and just missed savoring the milk in 2020 when he came in second after leading for 111 of the 200 laps.

And once again Dixon earned the pole position with the fastest qualifying on the books. And that’s actually a big deal since format changes were made a few years ago to make passing more difficult. Three of the previous four winners of this race all started from the front row with Castroneves last year being the exception.

Dixon, Alex Palou and Patricio O’Ward are the top three on the odds board as the only drivers with shorter than 10/1 odds. Despite Dixon’s outstanding career he has just one win in his last 26 series starts and has been unable to take advantage of the pole three previous times at the Brickyard. Palou and O’Ward are intriguing picks, but it might be wise to look beyond the top three for better value.

A few drivers on the next betting tier stand out for different reasons. Will Power has been probably the most consistent driver this season with five top-5s in five starts to lead the standings race. He’s also a past winner here taking the checkered flag in 2018. He’ll start from the 11th spot, which traditionally isn’t good, but he started one race this season at 19th and placed fourth, so there’s a chance. And the way he’s driving Power is a nice value pick.

The only two-time winner this season, Josef NewGarden is offered at a decent price. He has just two top-5 finishes at the Indy 500 and starts from the 13th slot, so there are some things going against him. But two wins is quite an accomplishment. Rinus Veekay starts outside in Row 1 and that’s something to consider. He improved on his two Indy 500 starts going from 20th in 2020 to eighth last year. Veekay’s only series win came in Indianapolis when he took the checkered flag at the 2021 GMR Grand Prix.

We haven’t had a repeat winner since Castroneves in 2001 and 2002. And the defending champ can make history this weekend. He joined an elite group that includes A.J. Foyt, Al Unser Sr. and Rick Mears by winning his fourth Indy 500 and can take over as the race’s king with another checkered flag on Sunday. The odds say no, but they did last year as well.

Ken Henson
Ken Henson
Ken covers horse racing, soccer, tennis and golf for BigOnSports.com.

Most Popular