NEWSLETTER
The “Greatest Spectacle in Racing” is upon us! The 2024 Indy 500 roars to life tomorrow, with a field of hungry drivers vying for checkered flag glory. But before the engines fire up, let’s take a look at the Indy 500 odds. Who are the favorites and longshots that could surprise on the legendary Indianapolis Motor Speedway? Buckle up, racing fans, because we’re dissecting the 2024 Indy 500 odds and who is favored to bathe in some milk!
Indy 500 Odds & Picks
Scott McLaughlin, who grabbed the pole and will lead the Indy 500 lineup to the green flag, sits atop the Indy 500 odds at +500. Hot on his heels are his Penske teammates, defending champion Josef Newgarden, and perennial threat Will Power at +550 and +700 respectively. Kyle Larson, attempting the historic “Double”, also finds himself among the frontrunners at +750 while being the Coca-Cola 600 Odds favorite.
Beginning the very intriguing double-digit odds drivers are Alexander Rossi and Colton Herta at 10-1 with four-time Indy 500 winner Helio Castroneves at +1600. The Indianapolis 500 is always an exciting battle so expect a tight battle at the front, with the potential of a longshot competing for the win during this grueling 200-lap race. Check out the entire Indy 500 odds board from DraftKings Sportsbook below.
| Driver | Odds to Win |
|---|---|
| Scott McLaughlin | +500 |
| Josef Newgarden | +550 |
| Will Power | +700 |
| Kyle Larson | +750 |
| Alexander Rossi | +1000 |
| Colton Herta | +1000 |
| Pato O’Ward | +1100 |
| Alex Palou | +1200 |
| Scott Dixon | +1400 |
| Helio Castroneves | +1600 |
| Santino Ferrucci | +1800 |
| Rinus Veekay | +2500 |
| Kyle Kirkwood | +2800 |
| Felix Rosenqvist | +3000 |
| Takuma Sato | +3000 |
| Ryan Hunter-Reay | +4000 |
| Marco Andretti | +6000 |
| Ed Carpenter | +6000 |
| Christian Rasmussen | +6000 |
| Marcus Ericsson | +7000 |
| Callum Ilott | +7000 |
| Linus Lundqvist | +8000 |
| Christian Lundgaard | +8000 |
| Marcus Armstrong | +8000 |
| Kyffin Simpson | +8000 |
| Graham Rahal | +10000 |
| Romain Grosjean | +10000 |
| Agustin Canapino | +10000 |
| Conor Daly | +10000 |
| Tom Blomqvist | +20000 |
| Sting Ray Robb | +20000 |
| Pietro Fittipaldi | +25000 |
| Katherine Legge | +50000 |
Indy 500 Picks
Admittedly, I haven’t watched a single IndyCar race this season nor pay much attention to the series usually. However, I watch the Indy 500 annually and with one of my racing series’ drivers, Kyle Larson, in the field, I’ve been a little more invested this season. So with that said, two drivers caught my eye. So tail or fade at your own risk, but here are the Indy 500 odds I’m betting.
Indy 500 Purse & Winner’s Payout
Santino Ferrucci Top 10 -135 (BetMGM)
Ferrucci has been incredible in the Greatest Spectacle in Racing. He leads all active IndyCar drivers in average finish and has claimed top 10’s in all five Indy 500 appearances. I won’t pretend to have a feeling about his current form outside of seeing this is his best starting spot of the year. But, five straight top 10s in IndyCar’s most prestigious race, including laps led in four of the five races, are no fluke. He clearly has a feel for Indianapolis Motor Speedway.
Will Power to Win +850
The elder statesman for Penske is a former Indy 500 winner (2018) and has been incredibly fast this year. He currently has the best average finish at 3.0 and has finished runner-up an improbable three of four races. Now, Power hasn’t placed better than 14th in any of the previous four Indy 500’s but he also hasn’t been this fast since starting 6th and finishing 5th back in 2019. Will is starting 3rd this year, which just so happens to be the exact spot he fired off from during his 2018 Indy 500 victory.
