Predictions and expert picks for the 2024 Indy 500: Josef Newgarden is the favorite at Indianapolis Motor Speedway.
We are almost at the highly anticipated Greatest Spectacle in racing, and we are here to provide you with our Indy 500 picks and predictions based on the Indy 500 odds from our top sports betting sites.
The 108th running of the prestigious Indianapolis 500 at the renowned Indianapolis Motor Speedway on Sunday at 12:45 p.m. ET will be the peak of excitement for IndyCar racing.
Scott McLaughlin, the pole sitter and favorite according to Indy 500 odds, has everyone’s attention, with Josef Newgarden close behind. It is tradition for the winning driver to chug a glass of milk and kiss the iconic bricks at the finish line in celebration.
Last season, Josef Newgarden made history with an exciting last-lap maneuver to claim his first victory at the Indy 500. Throughout the race, there were multiple caution periods and three red flags, with a total of fourteen drivers taking turns in the lead. Four drivers held the lead for over 30 laps each, adding to the intense competition of the event.
Former NASCAR champion Kyle Larson is making his IndyCar debut and taking on “The Double” challenge, adding to the excitement. He impressed during qualifying by putting his No. 17 Arrow McLaren Chevrolet on the second row. After the Indy 500, Larson will quickly head to North Carolina to race in NASCAR’s longest event at Charlotte Motor Speedway, where he is favored to win according to the 2024 Coca-Cola 600 predictions.
Below are our predictions for the 2024 Indy 500, based on the odds at Indianapolis Motor Speedway from our top sports betting apps. Pick confidence is rated on a scale of 1 to 5 stars.
Indy 500 picks
- Top Pick: Josef Newgarden is the favorite to win at +550 odds according to DraftKings. ⭐⭐⭐⭐
- Unlikely bet: Santino Ferrucci is listed at +2200 odds on bet365 ⭐⭐⭐
- Tip: Bet on both Kyle Larson and Josef Newgarden to finish in the top 5 for a chance to win at +225 odds with Caesars. ⭐⭐⭐⭐
This content is not intended for use by MAAffiliate disclosure: Underscoreg Review may receive advertising commissions for clicks on sportsbook links.
Indy 500 odds 2024
The odds for the Indy 500 were last updated on Sunday at 6:45 a.m. ET.
| Driver | DraftKings | FanDuel | BetMGM | Caesars | bet365 |
|---|---|---|---|---|---|
| Scott McLaughlin | +500 | +500 | +550 | +550 | +500 |
| Josef Newgarden | +550 | +550 | +525 | +500 | +500 |
| Will Power | +700 | +750 | +800 | +850 | +700 |
| Kyle Larson | +750 | +550 ❄️ | +700 | +700 | +700 |
| Alexander Rossi | +1000 | +900 | +1000 | +750 ❄️ | +1000 |
| Colton Herta | +1000 | +800 ❄️ | +1000 | +1000 | +1200 |
| Pato O’Ward | +1100 | +1000 | +1100 | +800 | +800 |
| Alex Palou | +1200 | +1500 | +1300 | +1200 | +1200 |
| Scott Dixon | +1400 | +1000 | +700 ❄️ | +1500 | +1400 |
| Helio Castroneves | +1600 ❄️ | +1800 | +3000 | +2500 | +4000 |
Josef Newgarden is the favorite to win the Indy 500 with odds of +550 according to DraftKings.
Newgarden comes into the weekend as the reigning race champion, having celebrated his first career victory by kissing the bricks last season. His win was only his second podium finish in 12 races at the historic oval. Starting from 17th place on the grid, the Tennessee native capitalized on a late caution to claim the checkered flag.
Newgarden will start the race from the third position, lining up next to his Penske teammates Scott McLaughlin and Will Power. Throughout the history of the Indy 500, drivers starting from outside the front row have won the race 13 times, which is second only to the 21 winners from pole position.
Newgarden’s recent success aside, he has achieved 15 wins on paved tracks, with six victories in Iowa, three at Texas Motor Speedway, four at World Wide Technology Raceway, and a win in Indianapolis. At DraftKings, his odds are +550, indicating a 15.38% chance of winning. A winning $10 bet would result in a profit of $55.
Terms and conditions apply.
Long shot Santino Ferrucci is a +2200 underdog in the Indy 500 according to bet365, earning a three-star rating.
All but one of the drivers in the top two rows of the starting grid are favored to win the race, with Ferruci starting in sixth place being the exception.
Despite facing unfavorable odds, the Woodbury, Connecticut native has a solid track record at this venue. He has achieved a top-10 finish in all five of his races on the Indianapolis Oval, with his highest placement being third place last year.
Despite not winning a race in his 64 career starts, the 25-year-old driver achieved his first career podium at the Indy 500 last season. The race has been won five times by drivers starting sixth on the grid, giving Ferrucci a good chance to secure his first-ever win on Sunday.
Gambling problem? Call 1-800-GAMBLER
Indy 500 proposition bet: Kyle Larson and Josef Newgarden both predicted to finish in the top 5 (+225 odds at Caesars) ⭐⭐⭐⭐
Larson, the frontrunner in the NASCAR Cup Series Championship odds, is aiming to participate in both the Indianapolis 500 and the Coca-Cola 600 on Sunday. If Larson completes all 1,100 miles, he will join the ranks of the fifth driver to successfully complete the double.
By qualifying fifth at the Indianapolis Motor Speedway, Larson has set himself up well for the first leg of his day. If he can continue his strong performance from last weekend’s practice and qualifying, he should have no trouble securing a top-5 finish. This season, Larson has already achieved six top-5 finishes in his NASCAR races, including a victory at the 1.5-mile track in Las Vegas. In 2021, he led 327 laps in Charlotte and won from the pole position.
Newgarden’s favorable starting position increases his chances of winning the race for the second consecutive year. With a track record of success on paved tracks and three top-5 finishes in his last five races at the Indy 500, he is considered one of the best in the field. The odds of +225 suggest a 30.77% chance of winning, and a $10 bet could result in a profit of $22.50 if successful.
Terms and conditions apply.
Picks for the Indy 500 were made on Thursday at 12 p.m. ET.
Tips for placing bets on the Indy 500
After selecting your preferred live betting site, head to the motorsport or auto racing section. Focus on the Indy 500, a highly anticipated event that is often highlighted before race day. Explore the different betting options such as predicting the outright winner, podium finishers, head-to-head matchups, and more.
Evaluate the chances of success for each driver by analyzing factors like previous performance, track history, and current form. This data will assist in making informed betting choices. After deciding on a bet, input the stake amount (the sum of money you wish to wager) and finalize your bet.
Remember that betting on the Indy 500, or any sports event, comes with risks. Establish a budget and gamble responsibly. Keep informed about the race, as weather and driver changes can affect results. Embrace the excitement of the race and hope for a successful bet!
Here is how you can watch the Indy 500.
- Date and Time: Sunday, May 26th at 12:45 p.m. Eastern Time
- Location: Speedway, Indiana at the Indianapolis Motor Speedway
- Where to watch: NBC, Peacock (streaming)
- Defending winner: Josef Newgarden
- Top pick: Scott McLaughlin with odds of +450 at BetMGM.
Past Indy 500 winners
| Driver | Year |
|---|---|
| Josef Newgarden | 2023 |
| Marcus Ericsson | 2022 |
| Helio Castroneves | 2021 |
| Takuma Sato | 2020 |
| Simon Pagenaud | 2019 |
| Will Power | 2018 |
| Takuma Sato | 2017 |
| Alexander Rossi | 2016 |
| Juan Pablo Montoya | 2015 |
| Ryan Hunter-Reay | 2014 |
Motorsports betting odds pages
| NASCAR Cup Series Odds | Indy 500 Odds |
| F1 Driver/Constructor Series Championship Odds | Monaco Grand Prix Odds |
| Las Vegas Grand Prix Odds |
Indy 500 FAQs
Who is the favorite to win the Indy 500?
After setting a track record with his qualifying time, Scott McLaughlin is considered the frontrunner to win the 2024 Indy 500. With consensus +450 odds, his implied win probability is 18.18% and a $10 wager would pay out $45 in profit.
What is the date of the 2024 Indy 500?
The race is scheduled to take place on Sunday, May 26, 2024, at the iconic Indianapolis Motor Speedway. The green flag will drop at 12:45 p.m. ET.
Can you tell me the location of the Indy 500?
The annual race takes place at the Indianapolis Motor Speedway in Speedway, Indiana.
Who has been named the honorary starter for the 2024 Indy 500?
Author Aaron Likens will serve as the honorary starter for the 2024 Indy 500.
Who was the winner of the Indy 500 last year?
Josef Newgarden claimed victory at the 2023 Indy 500, passing 2022 champion Marcus Ericsson on the final lap in his 12th attempt. He joined an elite group of drivers in race history by winning with a last-lap overtake, with his 11 prior attempts being the most starts before finally clinching the victory.
What is the reason behind the Indy 500 winner drinking milk?
The tradition began in 1933 when Louis Meyer, after winning his second Indy 500 race, asked for a glass of buttermilk. He continued the tradition after his third win in 1936, where he was captured on camera drinking from the milk bottle and holding up three fingers to represent his third victory.
A local dairy company, unaware that Meyer was drinking buttermilk, decided to offer a bottle of milk to the winners of future races. This tradition has continued every year except for the period between 1947 and 1955.
These are our top recommended sports betting sites:
- Use the promo code SBRBONUS1000 for Caesars and check out our review of the site.
- BetMGM Review: Use Bonus Code SBRBONUS
- SBRBONUS is the bet365 Bonus Code to use when signing up. Check out our detailed bet365 Review before registering.
- Use the promo code SBRBONUS at BetRivers and check out our review of the site.
- Check out our FanDuel Review and use our exclusive FanDuel Promo Code
- Check out our DraftKings Review and use the DraftKings Promo Code to get started.
You must be 21 or older. If you have a gambling problem, call 1-800-GAMBLER. Bonuses cannot be used in Ontario.
Related pages
- Top Sports Betting Websites | Top Promotions for Underscoreg (Exclusive to U.S. Residents)
Related Articles
