Indy 500 Betting: Fading Favorites, Betting +2000 Longshot

  • Josef Newgarden and Scott McLaughlin are the Indy 500 co-favorites with +500 odds.
  • Rinus Veekay is the best bet for the Indy 500 despite his long +2000 odds to win on Sunday.
  • NASCAR star Kyle Larson has +700 odds to win the Indy 500 and +500 odds to win the Coca-Cola 600 later that day.

INDIANAPOLIS – Betting odds for the Indy 500 show it will be a tight race at the infamous Indianapolis Motor Speedway. There isn’t a clear-cut favorite at online sportsbooks, but the shortest odds are shared between Josef Newgarden and Scott McLaughlin at +500.

Indy 500 Betting Odds

  • Josef Newgarden +500
  • Scott McLaughlin +500
  • Kyle Larson +700
  • Will Power +700
  • Pato O'Ward +800
  • Alex Palou +1000
  • Alexander Rossi +1000
  • Colton Herta +1000
  • Scott Dixon +1400
  • Santino Ferrucci +1800
  • Rinus Veekay +2000
  • Felix Rosenqvist +2800
  • Kyle Kirkwood +2800
  • Takuma Sato +3500
  • Ryan Hunter-Reay +4000
  • Christian Lundgaard +5000
  • Christian Rasmussen +5000
  • Helio Castroneves +5000
  • Ed Carpenter +6000
  • Graham Rahal +6000

Newgarden looks to make history as the first back-to-back winner at the Indy 500 in over 20 years after claiming victory in last year’s race. Meanwhile, co-favorite Scott McLaughlin has +500 odds at Indiana online sportsbooks to become the first multi-race winner of the IndyCar Series season.

We’re going against the storylines for the favorites and taking a longshot to win the Indy 500 with +2000 odds. Rinus Veekay is undervalued at mobile sportsbooks and is a win contender despite his longer odds.

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Best Longshot For Indy 500: Rinus Veekay At +2000 Odds

Across his last five Indy 500 races, Veekay has qualified seventh or better and posted two top 10 finishes. He even has a win at the Brickyard, although it came from the 2021 GMR Grand Prix.

Veekay has a more inspiring track history than the favorite Mclaughlin, who has finishes of 20th, 29th, and 14th in his last three Indy 500 starts. Another solid option is Kyle Larson at +700 odds, who’s also the +500 favorite to bet on NASCAR at the Coca-Cola 600 later that day in Indianapolis.