2023 Indy 500 Odds: Gentlemen and Ladies, Start Your Betting Engines Because Here’s Your Winner
The 107th Indianapolis 500 is this Sunday (May 28) and it’s the motorsports world’s equivalent of the Kentucky Derby – billed as “The Greatest Spectacle in Racing.”
Picking an Indy 500 winner is always difficult but this year feels different.
That’s because 26-year-old Spaniard Alex Palou is emerging as IndyCar racing’s biggest new star.
Palau, who drives for formidable Chip Ganassi Racing, won the 2021 series championship, and this season he has top-five finishes in four of the year’s first five races and won the GMR Grand Prix.
Then on Sunday, during Indy 500 qualifying, he captured the coveted pole position with a new record speed of 234.217 mph, topping Scott Dixon's record set last year.
Palau is the betting favorite to continue his impressive run.
Here are the latest Indy 500 odds courtesy of FanDuel Sportsbook, one of our favorite gambling sites out there, along with BetMGM, DraftKings, and many more.
2023 Indianapolis 500 Winner
Alex Palou +600
Pato O`Ward +800
Scott Dixon +800
Takuma Sato +1100
Felix Rosenqvist +1100
Rinus Veekay +1300
Scott McLaughlin +1300
Marcus Ericsson +1300
Alexander Rossi +1300
Josef Newgarden +1600
Will Power +1800
Santino Ferrucci +1800
Colton Herta +2100
Tony Kanaan +2200
Graham Rahal +2800
Kyle Kirkwood +3000
Romain Grosjean +4000
Helio Castroneves +4500
Conor Daly +4500
Ed Carpenter +4500
Simon Pagenaud +5000
Marco Andretti +5000
Benjamin Pedersen +6500
David Malukas +6500
Ryan Hunter-Reay +6500
Jack Harvey +11000
Stefan Wilson +11000
Christian Lundgaard +11000
Callum Ilott +12000
Agustin Canapino +14000
Devlin Defrancesco +14000
Sting Ray Robb +19000
Katherine Legge +20000
Last year’s winner, Marcus Ericsson, is decent value at +1300, but there hasn’t been a back-to-back Indy 500 champ since Helio Castroneves (2001-2002).
And if you think the 48-year-old Castroneves, who won his record-tying fourth Indy 500 in 2021, can add to his legendary status, his odds are an incredible 45-1.
Even though the pole position racer has won the Indy 500 only 20 percent of the time, I’m sticking with the rising stud Paul who looks primed to win this year’s race after a fast start to 2023.
