Indianapolis 500 Motor Racing Betting Odds

2022 Indy 500 Betting

Scott Dixon is favored to win the 2022 Indy 500 on Sunday, May 29 on NBC. Dixon will start on the pole for the fourth time, but he has managed just one previous Indy 500 win. Helio Castroneves is the defending Indy 500 champion and a four-time winner of the race, but he is listed as a longshot to win this year’s race, as Castroneves will start from row 9. Dixon is listed as the solid favorite to win this year’s race at odds of +550, while Alex Palou is the second choice at odds of +600 and Patricio O’Ward is listed at +900. Let’s look at Sunday’s Indianapolis 500, Indy 500 odds, the field and Indy 500 picks.

2022 Indianapolis 500 Betting Odds

Scott Dixon +550

Alex Palou +600

Patricio O'Ward +900

Rinus Veekay +1100

Josef Newgarden +1200

Will Power +1400

Colton Herta +1500

Jimmie Johnson +1600

Scott McLaughlin +1600

Ed Carpenter +1800

Marcus Ericsson +1800

Takuma Sato +1800

Tony Kanaan +2000

Felix Rosenqvist +2000

Simon Pagenaud +2500

Alexander Rossi +2500

Helio Castroneves +2800

Graham Rahal +3000

Romain Grosjean +3000

Kyle Kirkwood +5000

David Malukas +5000

Marco Andretti +5000

Conor Daly +5000

Santino Ferrucci +6000

Devlin Defrancesco +7000

Christian Lundgaard +7500

Juan Pablo Montoya +8000

Jack Harvey +8000

All other drivers are listed at odds of +10000 or more.

Top Contenders

There are three drivers listed at odds of less than 10-1. Dixon is the obvious favorite since he starts on the pole, but it is definitely concerning that he has failed multiple times in the past, despite starting on the pole. Palou is starting on the outside of the front row and he is the defending IndyCar champion, so his odds also make some sense. The interesting driver in terms of the odds is O’Ward who is listed at +900. He is getting a lot of respect, even though he starts in row 3.

Just outside the top three are Veekay, Newgarden, Power and Herta. Veekay finished eighth in this race a year ago. Newgarden has finished in the top five a total of three times. Power is a former winner, while Herta is still getting respect in Indy 500 odds, despite starting in row 9.

Live Longshots

You can make a case for a number of drivers who are listed at odds of +1600 or more. Jimmie Johnson is the big name since he is a former NASCAR champion, but he has yet to show he can win in IndyCar and is overvalued at odds of +1600. There is more value in Sato who is a two-time Indy 500 winner. He starts from 10th and he can move up. It is going to be very difficult to pass on Sunday, so I think you can throw out any driver starting in the last three rows. Perhaps you have to go even farther and throw out any driver starting from row 7 and back. Drivers in the first six rows that have longshot odds that could be appealing are Simon Pagenaud at odds of +2500 and Roman Grosjean at odds of +3000.

Indy 500 Picks

It is easy to make a case for Dixon who is on the pole, but I think there is more value in Palou who is the reigning IndyCar champion. I’ll take Palou as my top choice at odds of +600. I don’t think there is a ton of value in any of the longshots, but there is at least some value in taking Sato at odds of +1800.

2022 Indianapolis 500 Field

Starting Position, (Car Number), Driver, Team, Engine, Qualifying Speed

Row 1

1. (9) Scott Dixon, Honda, Chip Ganassi Racing, 234.046

2. (10) Alex Palou, Honda, Chip Ganassi Racing, 233.499

3. (21) Rinus VeeKay, Chevrolet, Ed Carpenter Racing, 233.385

Row 2

4. (33) Ed Carpenter, Chevrolet, Ed Carpenter Racing, 233.080

5. (8) Marcus Ericsson, Honda, Chip Ganassi Racing, 232.764

6. (1) Tony Kanaan, Honda, Chip Ganassi Racing, 232.372

Row 3

7. (5) Pato O'Ward, Chevrolet, Arrow McLaren SP, 232.705

8. (7) Felix Rosenqvist, Chevrolet, Arrow McLaren SP, 232.182

9. (28) Romain Grosjean, Honda, Andretti Autosport, 231.999

Row 4

10. (51) Takuma Sato, Honda, Dale Coyne Racing with RWR, 231.670

11. (12) Will Power, Chevrolet, Team Penske, 231.534

12. (48) Jimmie Johnson, Honda, Chip Ganassi Racing, 231.264

Row 5

13. (18) David Malukas, Honda, Dale Coyne Racing with HMD, 231.607

14. (2) Josef Newgarden, Chevrolet, Team Penske, 231.580

15. (23) Santino Ferrucci, Chevrolet, Dreyer & Reinbold Racing, 231.508

Row 6

16. (60) Simon Pagenaud, Honda, Meyer Shank Racing, 231.275

17. (11) JR Hildebrand, Chevrolet, A.J. Foyt Racing, 231.112

18. (20) Conor Daly, Chevrolet, Ed Carpenter Racing, 230.999

Row 7

19. (77) Callum Ilott, Chevrolet, Juncos Hollinger Racing, 230.916

20. (27) Alexander Rossi, Honda, Andretti Autosport, 230.812

21. (15) Graham Rahal, Honda, Rahal Letterman Lanigan Racing, 230.766

Row 8

22. (24) Sage Karam, Chevrolet, Dreyer & Reinbold, 230.464

23. (98) Marco Andretti, Honda, Andretti Herta Autosport, 230.345

24. (29) Devlin DeFrancesco, Honda, Andretti Steinbrenner Autosport, 230.326

Row 9

25. (26) Colton Herta, Honda, Andretti Autosport, 230.235

26. (3) Scott McLaughlin, Chevrolet, Team Penske, 230.154

27. (06) Helio Castroneves, Honda, Meyer Shank Racing, 229.630

Row 10

28. (14) Kyle Kirkwood, Chevrolet, A.J. Foyt Racing, 229.406

29. (4) Dalton Kellett, Chevrolet, A.J. Foyt Racing, 228.916

30. (6) Juan Pablo Montoya, Chevrolet, Arrow McLaren SP, 228.622

Row 11

31. (30) Christian Lungaard, Honda, Rahal Letterman Lanigan Racing, 227.053

32. (45) Jack Harvey, Honda, Rahal Letterman Lanigan Racing, 226.851

33. (25) Stefan Wilson, Chevrolet, DragonSpeed/Cusick Racing, no speed

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