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:
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.
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.
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 Driver||Odds (Apr 2019)|
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
|Sportsbook||Indy 500 betting: Current Promotions|
|SugarHouse||Get 100% first deposit match up to $250|
|Tropicana||Free $50 when you bet $50|
|PointsBet||$25 no deposit offer|
|888 Sport||$10 Free + 100% match deposit up to $500|
|William Hill||Bet $50 and get $50 in cash|
|Last verified||Apr 22, 2019|
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.
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.