Indy 500 Betting 2019 | A Beginner’s Guide

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Like Formula 1 and NASCAR, IndyCar racing is among the most enthralling racing events in the USA. If you want to know how to bet on Indy 500 and anything else related to Indianapolis 500 betting, you’re in the right place.

And since online betting has been legalized across a few states, Indy 500 betting is included on top online sportsbooks.

Our Pick for Indy 500 Betting

While all the bookies we have recommended for Indy 500 betting have very competitive odds but, SugarHouse stands out the best odds to win the Indy 500. From the Indy 500 lineup on this sportsbook, it looks like players who make correct predictions will walk away with some pretty substantial rewards.

Indy 500 Favorites

Here are the current Indy 500 Favorites:

Will Power

Australian Racer Will Power, champion of the Indy 500 in 2018, is currently the best racer. This is because he managed to take the lead with just four laps to go. In the process, he beat Ed Carpenter, who was the pole-sitter of the race.

Alexander Rossi

A great racer, Alexander Rossi should not be underestimated. In the 2018 Indy500, he started from the 32nd position and managed to make some amazing passes. By the end, he climbed all the way up to third place at the finish line.

Ed Carpenter

Chomping at the bit for 2019, Ed Carpenter is already in the Indy500 lineup. Now, from what we saw last year, he's an amazing racer to keep an eye on. In 2018, he managed to finish second after Will Power, the 2018 champion.

2019 Indy 500 Betting Odds

Because the Indy 500 2019 aren’t out yet, here’s a look at some of the odds to win Indy 500 for the 2018 Indy 500 favorites. There’s a good chance that the odds will stay put for the top 3 racers, with a switch between Will’s and Alexander’s Indy 500 odds.

Indy DriverOdds (Apr 2019)
Will POWER7-1
Josef NEWGARDEN7-1
Alexander ROSSI8-1
Scott DIXON8-1
Ryan HUNTER-REAY10-1
Simon PAGENAUD10-1
Helio CASTRONEVES12-1
James HINCHCLIFFE14-1
Marco ANDRETTI16-1
Ed CARPENTER16-1
Tony KANAAN20-1
Felix ROSENQVIST20-1
Sebastien BOURDAIS30-1
Graham RAHAL30-1
Fernando ALONSO30-1
Takuma SATO30-1
Marcus ERICSSON40-1
Sage KARAM40-1
Conor DALY40-1
Ed JONES40-1
Zach VEACH40-1
JR HILDEBRAND40-1
Matteus LEIST60-1
Colton HERTA60-1
Jordan KING60-1
Oriel SERVIA60-1
Spencer PIGOT60-1
Max CHILTON60-1
James DAVISON100-1
Santino FERRUCCI100-1
Charlie KIMBALL100-1
Patricio O’WARD100-1
Jay HOWARD100-1
Jack HARVEY300-1
Ben HANLEY300-1
Kyle KAISER500-1
Pippa MANN500-1

Some of the best sportsbooks in the USA for Indy 500 betting are highlighted in the table below, complete with their welcome offers. 

Best Sportsbooks for Indy 500 Betting

SportsbookIndy 500 betting: Current Promotions
SugarHouseGet 100% first deposit match up to $250
TropicanaFree $50 when you bet $50
PointsBet$25 no deposit offer
888 Sport$10 Free + 100% match deposit up to $500
William HillBet $50 and get $50 in cash
Last verifiedApr 22, 2019

Indy 500 Betting

Facts about the Indy 500

Did you know that the Indianapolis Motor Speedway has the largest capacity of any speedway in the world? Moreover, this has been the venue for the Indy 500 lineup ever since it started in 1911. How cool is that? Well, in case you wanted to know more about the event before you make your Indy 500 betting moves, here are a few facts you may find interesting:

  • Every year, the average number of people who turn up at Indianapolis Motor Speedway to watch the event is about 400,000
  • American drivers have always dominated the Indy 500 event; the second highest-scoring nation is the UK, with a total of 8 wins
  • The Italian chassis manufacturer, Dallara, manufactured the most winning vehicles of the Indy 500, with 15 winning IndyCars between 1988-2015
  • Ever since the race started in 1911, every winning car at the Indy 500 has been running on Firestone tires
  • Mostly, drivers who started in the first row have won the event 42.2% of the time, with the pole position winning 20 out of 99 races

How to Bet on the Indy 500

For those who don't know how to bet on the Indy 500 lineup, here are some of the most popular Indy 500 betting markets that you’ll find across different sportsbooks.

Betting on Indy 500 Winners

Normally, casual bettors and unshakable Indianapolis 500 betting fans bet on the winner of the Indy 500 each year. And while most people bet on their Indy 500 favorite drivers, serious handicappers have a chance to find value.

However, you should know that sometimes, lesser-known online Indy 500 betting sites with a large percentage of bettors from one country end up skewing Indy 500 odds compared to other bookies. For example, Scottish driver Dario Franchittinaturally has a big fan base in Scotland. So, a bookie with a majority of Scottish bettors will have a higher betting percentage of Indy 500 betting action on Dario Franchitti compared to other drivers. Thus, this reduces Franchitti's odds to win Indy 500 and increase the odds of other drivers.

Indianapolis 500 Matchup Bets

These are types of bets where numerous drivers are put into a small group, and it is the bettor’s job to select which driver will have the best finish in an Indy 500 race. In fact, Head-to-head Matchups pit consists of only two racers against one another while other matchups are comprised 3 to 6 racers. Many online Indy 500 sites provide numerous matchup bets for the event, but you must first compare odds to win Indy 500 and see which bookie offers the best.

Indy 500 Podium Bets (Top 3)

For this type of Indy 500 betting market, punters select drivers that they think will finish within the top 3. It’s quite a smart bet because you have high chances of walking away with some good money. Remember, before you place a bet on Indy 500, look for the drivers who consistently do well because they mostly have the best odds.

Indy 500 Prop Bets

Out of all the Indy car races, there is a much wider selection of prop bets at Indy 500 than any others. Some the most common Indy Prop Bets;

  • Which driver will lead the most laps?
  • Will any particular diver win any laps?
  • Over or under caution flags
  • First Racer to DNF

Indy 500 Futures Bets

Here, these types of bets that are placed in advance before even the race begins. It can be weeks or even months to the Indianapolis 500 betting event. When it comes to placing Indy 500 Future bets, it is advisable that you place small bets on less-favored punters before they qualify.

And in as much as anything can happen with Indy 500 betting, place bets on participants who have shown the consistency of good performance in their past. Proficient racers are likely to execute better race plans and make a better decision whenever they need to.

Indy 500 Live Betting

With Indy 500 Live betting, it means you place prop bets on various individual events that occur during the race. This is one of the most interesting Indy 500 betting forms because you are doing it in real time.

Final Thoughts

Indy 500 racing has been around for over 100 years and is still going strong. All the bookies we’ve listed will offer a wide range of Indy 500 odds and several Indy 500 betting options. While choosing the winner might seem like a long shot, the often generous odds at SugarHouse will offer you some good payouts if your predictions are correct. That's why we recommend signing up with them. Plus, with your first deposit matched up to $250, you can start strong.

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