How To Bet On The Indy 500 in the USA – Odds and Guide

It’s race day! The Indy 500 takes place this afternoon (Sunday, May 28th) from Indianapolis Motor Speedway.  The event is well known as the “Greatest Spectacle in Racing” and is widely considered the most popular motor racing event in the USA.

The race will be shown nationwide on NBC, with race coverage beginning at 11am EST and running through to 4pm. The drivers will start their engines at 12:38pm with the green flag expected to drop at 12:45pm EST.

There is always a lot of coverage and betting interest in the Indy 500 here in the USA, so I wanted to create this page to help new bettors easily get action on the race.  Below I will outline the best betting site for Indy 500 betting, look at the current odds and provide a simple 3 step guide to betting on the race.

Where To Bet On The Indy 500 in the USA

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  • Built for American bettors
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Bovada is the best sportsbook for Americans looking to bet on the Indianapolis 500 this year.  They are a sportsbook that is solely focused on the American market and they have a variety of bet offerings on the Indianapolis 500.  Here’s our full Bovada review.

Indianapolis 500 Winner Odds

Here are the odds for the 2023 Indy 500 at the time of this article (odds taken the morning of race day).  These odds will change leading up to the race.  To see the up to date odds head over to and select ‘Motor Sports’ from ‘All Sports’ drop down menu, and select ‘Indy 500’ from the Trending Competitions list.

As you can see Alex Palou is the favorite after winning pole position, but there are 15 drivers with 30-1 or better odds, and like every year this is really anyone’s race. has several other Indy 500 betting options available including driver head-to-head, group betting, top 10 finish, winning team, winning nationality, and more.

Here’s an example looking at the head-to-head odds for Alex Palou vs Pato O’Ward (odds taken May 25th):

How To Bet On The Indy 500 – 3 Step Guide

Follow these three steps to bet on the Indy 500 this weekend.

Step 1. Open a Account

Click the above link to go to the Bovada website and fill out the short pop-up form to open your account.

As I mentioned above Bovada is one of the most popular online sportsbooks focused on the American market and they are the perfect book for betting on the Indy 500.

Step 2. Deposit

Once logged into your account click on the ‘Deposit’ button in the top right corner and follow the instructions to deposit funds.

Bovada accepts Visa, MasterCard, American Express or Bitcoin deposits.

New sign ups through our link receive a Welcome Bonus equal to 50% of your first deposit up to $250.

Step 3. Bet On The Indy 500

Click on ‘Sports’ in the top menu bar of the home page to open the Sportsbook.  Then select ‘All Sports’ from the second menu bar and ‘Motor Sports’ from the drop down. You can then select ‘IndyCar’ from the ‘Motor Sports A-Z’ drop down menu to bring up the Indy 500 betting lines.

Pick the bets you want to make and enter your wager amount in the “risk” box in Bet Slip on the right sidebar.  Once you’re happy with your selections click on ‘Place Bets’ and confirm to place your wagers.

If you’re new to betting on sports check out our guide section for some articles that should answer any basic questions.

That’s it.  Ready to bet?  Click here to visit

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