Simon Pagenaud won the 103rd running of the Indy 500 last year and he shares the sixth-best odds at +1000 to go back to back this time around. Scott Dixon is the +450 favorite to claim the checkered flag, followed by Marco Andretti (+650), Alexander Rossi (+750), Ryan Hunter-Reay (+850) and Josef Newgarden (+1000). Indy 500 Odds, Betting Tips & 7 Wagers To Back. 100% Deposit Match Up to $600. Read Full Review. Sunday’s Indianapolis 500 arrives three months later than originally scheduled due to the coronavirus pandemic, but will still carry all the prestige and trappings of the world’s most famous automobile race. Indy 500 Betting Guide & 2021 Odds It’s the greatest spectacle in racing to many and one of the biggest sporting events in Indiana—and not by a mile, but by 500. The Indy 500 brings even more excitement to the state now that you can bet on it at Indiana sportsbooks, both live and online. Leading the Indianapolis 500 odds at Bovada as co-favorites ahead of Tagliani are Dario Franchitti and Scott Dixon, both at 4/1. Franchitti is a two-time Indy 500 winner and is also the reigning champion after drinking the milk at the Brickyard last season. Live betting occurs during the actual Indy 500 race and can be a really fun way to bet. You’re going to be wagering on things like who will win the next lap, whose car might be disabled in the next X amount of time, and more. These wagers can be really cheap, too, so it is a fun and fast-paced way to get into Indy 500 betting. Indy 500 Favorites.

It doesn’t take much to get a car racing fanatic excited to watch a normal
race. We can’t imagine the excitement and preparation the drivers go through on
Memorial Day weekend every year.

We are talking about the Indianapolis 500. Some probably plan for the race
months ahead of time. There isn’t another race on the planet that garners the
attention and support that the Indy 500 does.

When there’s a sporting event that has this many fans interested, that can
only mean one thing: “Bettors, start your engines!” That’s correct, the
Indianapolis 500 race presents bettors with a tremendous opportunity to make
some money, hence the creation of this page.

Our goal is to provide you with not only the best places to go to make your
bets, but offer some tips and guidance for what you should be looking out for
come race time. When betting on the Indy 500, don’t mess around with all the sites out
there that may or may not be secure. Bet at only the best online sports betting
sites.

There they are. Some of you probably already did your homework and have
settled in on the drivers you think will perform well. If you are already locked
and loaded and ready to make some money on this race, then jump right to the
links and sign up now.

For those of you who don’t know a lot about the race, don’t worry – that’s
why we are here. Read along as we get into some of the details that explain why
this race has become so renowned around the globe. Before we do that, we need to
cover our bases.

It wouldn’t be right to just give you a list of the best online betting sites
without any sort of explanation or reasoning as to why those specific sites were
selected. Let’s break down the factors we consider when ranking online sports
betting sites.

Why These Sites

Some people just blindly sign up for sites and start firing bets in without
much thought. Why anyone would skip the step of finding out if the site is
legitimate or not is beyond us. Fortunately for you, we did all that research
and work already.

We only recommend the sites that will allow you to bet confidently and
safely. We weed out the virtual betting casinos that don’t meet our standards.
Let’s discuss what those standards are.

Reliable Software

Look, if the software isn’t up to date and working properly, forget it. How
can we bet on a site if it is crashing or if it is hard to figure out how to
navigate? It’s easy – we don’t!

We don’t hope the sites above have the best and most reliable software. We know they do. They
don’t make our cut if their operating system is not up to par.

What would be worse than trying to bet on a driver right before the Indy 500
got underway, only to have your bet not go through in time? Say that driver ends
up winning the race. Imagine how you would feel. The great news for you is that
if you choose any of the sites we endorsed, you won’t experience any issues like
that.

Supreme Customer Service

The online sports wagering world is a big, big place. It would be naÏve and
silly to think nothing ever went wrong. Questions and issues will inevitably
arise. It is imperative to have a support staff in place to handle any problem
that may come up.

Having a good customer service team behind the scenes of an online casino or
betting site used to be a bonus. Now it is a requirement. You need to know
someone will be there to help you if and when you encounter any complications.

Sites that have authentic team members able and willing to help customers
will help the cream rise to the top in terms of the best betting sites out
there. Once again, we went through that painstaking process of figuring out
which sites had company representatives prepared to help users. Whether that is
responding to an email in a timely fashion or crediting your accounts if a
mistake was made, these are the sites that will be there at your beck and call.

Now that you know the site has reliable software and customer service, you
must be curious about the banking options.

Secure Banking Options

We can’t rank sites without taking into account the dependability of their
deposit and withdrawal methods. We aren’t as interested in how many banking
options the site offers, but more concerned with how efficient those methods
are. Some sites will boast and say,

“We have eight different ways to deposit
money into your account.”

We focus on making sure the banking options that are present are secure. You
want to know that when you decide to deposit and withdrawal, your funds won’t
sit in limbo. They will be transferred quickly.

We made sure we only suggested sites that take you and your money seriously.
The banking options available are reputable and won’t let you down.

Selection of Bets

When it comes to the Indianapolis 500 auto race, the selection of existing
bets suddenly becomes a major factor to consider. See, the choices for betting
on most races are fairly similar. You will see a list of the racers and their
respective odds to win the race. If you are lucky, some sites may offer a few
head-to-head driver matchups. Not the Indianapolis 500, though.

Too many people watch and care about this race for sportsbooks to only offer
such basic bets. The floodgates to the betting arena are wide open once that
Sunday before Memorial Day arrives. Online sports betting site operators are
more than aware of the enormous betting appetite a race of this stature creates.
Good businessmen and businesswomen know that when the demand is there, it is up
to them to come through and provide the supply.

In the case of the Indianapolis 500, that supply is the added selection of
bets. Many people refer to these supplemental bets as the prop bets. These bets
enable the fans to fall deeper into the action. We are going to cover what these
bets will look like in a segment on prop bets below.

The important takeaway for you here is to have faith that the sites on the
top of this page are in fact the premier betting sites for the Indianapolis 500
race. We know how important this race and betting experience is for you. That is
why we took the time to be careful and diligent during our site selection
process.

Now that you know which sites to be betting on and why, let’s get into a few
MUSTS for you to stay ahead of your competition. The Indy 500 is a big deal, so
make sure you don’t skip any of the following steps when preparing for Sunday’s
race day.

Join Multiple Sites

Indy 500 Gambling Odds

This is in bold for a reason! Don’t read over this article and glance past
this section. Those Indianapolis 500 bettors who skip this step and don’t join
multiple sites will be left out of the loop come race day. Let us explain what
we are talking about.

Shop the Lines

If you made it this far, chances are this is something you already take very
seriously. If not, then thank goodness you landed on this page. From this point
forward, do not make a single bet without shopping the lines amongst the best
sites. There are a plethora of sites on the market, and not all of them will
have synchronized odds.

Sure, many of the odds will be identical, but not all. That is why we shop
the lines. Why don’t we show you an example:

Say you are looking to bet on Helio Castroneves to win the Indy 500. You look
at your favorite site and see Helio listed with 9:1 odds that he will be
victorious. Then you check a couple more sites and still see 9:1 odds.

Finally, you come across a site that has Castroneves as a 12:1 favorite to
win the race. Boom! You just bought yourself a much better price because you
took a few minutes to shop the lines. Believe or not, some people just run to
the first site they see and place their wagers. Don’t be one of those uninformed
bettors. This portion of the discussion was to enlighten you that line shopping
is exactly what the sharp bettors out there are doing.

You want to copy the guys who know what they are doing, the ones who are
profitable. That is why you need to be active on multiple sites. You need to be
able to compare odds across them and place your bets accordingly.

Now you probably are wondering about those prop bets we touched on earlier.
Your patience paid off; let’s dive in.

Attack the Prop Bets

The anticipation really ramps up here, folks. The prop bets that the online
sites put out for the Indy 500 race are designed to get fans excited. We talked
about being able to bet on who will win the race. We even mentioned the driver
matchups that sites make available for typical races.

Now fast-forward to the behemoth of all races, the Indy 500. Instead of only
caring about who wins the race, we are all of a sudden fully enveloped in the
early laps.

This is the beauty of the props. Driving 500 miles takes some time. Many fans
are too riled up to have to wait until the end of the race to find out if they
won any money. Enter the prop bets. To illustrate this point, let’s take a peek
at some of the prop bets that have been offered online in recent Indy 500 races.

• Which Driver Will Lead the Most Laps?
• Over/Under on Caution Flags
• Podium (Top 3 Finish) Bets

To really make matters interesting during the race, try the live betting
options. Just don’t expect your family members to be able to gain your attention
for the three or so hours while you are watching the race.

Live Betting

Many of you race enthusiasts probably pick up on some trends while the race
is going on. Wouldn’t it be awesome if you could bet on what is happening while
you watch the race? Just imagine how cool that would be.

Okay, stop imagining. Snap back into reality and start live betting!

• Which driver will be leading at the end of the next lap?
• Who will be the next driver to crash?
• Will Scott Dixon or Juan Pablo Montoya make a pit stop before the 26th lap?

Start betting the Indy 500 on one of our top-rated online sports betting
sites, and your dreams can come true. You will experience action on the Sunday
before Memorial Day like you never have before!

Summary

It’s all right here for all of you. Looking for the absolute top-notch online
sportsbooks out there? Check.

Wondering why we chose the sites we did or what kind of bets the sites will
offer when you sign up? Check, check.

That was the object and point behind creating this Indy 500 betting guide. We
aren’t here to pretend we are expert race betting touts who have all the
secrets. We leave that for the characters you encounter on the Twitter machine
and other social media outlets.

Our team is here to display the facts and data behind what really goes on. We
know you guys know a lot about racing. You probably even have your eye on a few
drivers for the next Indy 500. We wanted to make sure you knew where to go to
place your wagers, and what to expect when you got there.

As for picking the drivers who will fly around the track in Speedway, Indiana
in the shortest amount of time, that part is still up to you.

Indy 500 Betting Odds