2025 Indy 500 Odds | Newest Betting Strains & My Prime Favorites

Alright, image this: it’s a crisp morning in Might, and also you’re on the Indianapolis Motor Speedway. The air smells like gasoline and burnt rubber. The grandstands are buzzing with pleasure, and you may hear the engines roar as they heat up.

It’s that point of 12 months once more—Indy 500 season! There’s one thing particular about it, proper? You’re feeling the anticipation build up because the automobiles prepare for the race of a lifetime.

Now, when you’re something like me, you’ve in all probability began interested by who’s going to take house the well-known bottle of milk this 12 months. We’ve obtained a mixture of established champs trying to make historical past, together with some hungry newcomers able to shake issues up.

So, let’s discuss it. Who’s scorching, who’s not, and the place are the chances stacking up for the 2025 Indy 500?

Evaluating the Odds: Offshore vs. USA Sportsbooks

Right here’s one thing you might not notice—odds could be a little completely different relying on the place you’re putting your bets.

Some sportsbooks, particularly offshore ones, have barely completely different rankings for the favorites and lengthy pictures. Let’s check out how the chances examine between among the greatest names at BetOnline, Bovada, BetMGM, and DraftKings (as of March 26, 2025):

Driver	BetOnline (Offshore)	Bovada (Offshore)	BetMGM (U.S. Regulated)	DraftKings (U.S. Regulated)
Josef Newgarden	+700	+650	+550	+700
Pato O’Ward	+800	+700	+650	+800
Kyle Larson	+900	+700	+700	+900
Alex Palou	+1000	+1000	+1000	+1000
Scott Dixon	+1000	+1000	+1000	+1000

Odds up to date April 22, 2025.

Discover how Newgarden’s odds are shorter (i.e., they assume he’s extra more likely to win) on BetMGM at +550 in comparison with +700 on BetOnline?

Meaning BetMGM is admittedly backing him to make historical past. On the flip aspect, the bigger numbers, like Bovada, provide a better payout. It’s at all times a good suggestion to store round and discover the perfect worth to your guess.

Entrance Runners: Who’s Main the Pack?

Let’s be actual right here—whereas the Indy 500 is thought for astonishing twists and turns, there are at all times a number of names that stand out once we’re speaking about who’s most probably to win.

These guys have the expertise, the talents, and the historical past to again them up. So, who’re we betting on?

Josef Newgarden – The Three-Peat Dreamer

You’ll be able to’t discuss Indy 500 favorites with out mentioning Newgarden. The man has completely dominated the final two races, successful each 2023 and 2024 in dramatic style. Severely, when you didn’t see the best way he handed Pato O’Ward on the ultimate lap final 12 months, I’m unsure we could be mates.

Now, Newgarden goes for an unheard-of three-peat. No driver in historical past has received three in a row—so, yeah, no stress, proper? In the meanwhile, you’ll discover him as the favourite throughout most sportsbooks, with odds round +650 at Bovada and even shorter at BetMGM (about +550).

That simply exhibits how a lot confidence individuals have in him proper now. Can he make historical past and win for the third 12 months in a row? It’s a tall order, however would you guess in opposition to him?

Pato O’Ward – The Almost Man

If consistency had been cash, Pato O’Ward could be a millionaire by now. This man’s been on fireplace the previous few years, ending second in two of the final three Indy 500s. Final 12 months, he led probably the most laps, and nonetheless, it wasn’t sufficient to cross the end line first (due to Newgarden’s last-lap magic).

He’s obtained the aggression, he’s obtained the expertise, and you already know he’s hungry for a win. Oddsmakers are taking him severely—he’s sitting round +700 at Bovada and +800 at DraftKings.

This might be the 12 months he lastly will get his second in Victory Lane. Fingers crossed, proper?

Kyle Larson – The NASCAR Crossover Star

Now right here’s a reputation that’s shaking issues up—Kyle Larson. Yep, the NASCAR champ is pulling double responsibility this Memorial Day weekend, racing the Indy 500 within the afternoon after which heading straight to the NASCAR Coca-Cola 600 within the night. That’s insane, proper?

Larson’s a rookie at Indy, however don’t let that idiot you. The man’s a expertise machine. He was stable in his first Indy 500 try final 12 months till a pit street penalty took him out of rivalry. Nonetheless, his odds are excessive for a rookie, hovering round +900 at BetOnline and +900 at DraftKings.

Individuals are beginning to take discover after he posted some blistering speeds in testing earlier this 12 months. Can he win it on his first attempt? It’s been executed earlier than, however it’s undoubtedly a tall order. However hey, that is Indy—something can occur.

Alex Palou – The Constant Contender

Palou has been dominating the IndyCar sequence for the previous few years, and but, the Indy 500 win has in some way eluded him. This man’s a two-time sequence champion, he’s set qualifying information, and he’s completed within the high 5 a number of occasions.

However he simply hasn’t been in a position to seal the deal in the case of the five hundred. May this be his 12 months?

His odds are sitting round +1000 (10-to-1), which seems like a stable guess for a man who’s at all times within the combine. In case you imagine in his potential to lastly break by, this could be the time to leap on him.

Scott Dixon – The Veteran Who Is aware of Learn how to Win

Dixon’s been a fixture at Indy for what seems like perpetually. The man’s a six-time IndyCar champion and is aware of this monitor just like the again of his hand. Sure, his final Indy 500 win got here in 2008, however he’s at all times within the hunt.

Although he’s 43, he’s nonetheless obtained the expertise and the smarts to tug off a shock win. He’s sitting at about +1000 odds, proper alongside Palou. He’s not the flashiest choose anymore, however for the seasoned Indy fan, Dixon’s a man you may by no means depend out.

New Faces to Watch on the 109th Indy 500

Now, let’s discuss in regards to the newcomers. Yearly, the Indy 500 is stuffed with recent faces, and this 12 months is not any exception. Positive, we’ve obtained the seasoned vets, however there are some rookies and switch-ups that might shock us all.

Closing Ideas: The Countdown Is On!

This 12 months’s Indy 500 is shaping as much as be one of the crucial thrilling but. We’ve obtained the veterans chasing historical past, the younger weapons making their mark, and a few rookies who would possibly simply shock everybody.

The percentages are nonetheless shifting, and as race day will get nearer, you already know there will probably be much more drama main as much as the massive occasion.

So, who’re you selecting to win? Are you sticking with the favourite, or do you’ve got a hunch about an underdog? I wanna hear your ideas! Drop a remark beneath and let’s get the dialog going.

If you’re concerned about putting a guess, learn my IndyCar betting information for extra insights on learn how to guess and techniques I like to make use of.

Might is simply across the nook, so prepare for the roar of the engines, the frenzy of adrenaline, and the best spectacle in racing. I do know I’ll be counting down the times!