The Indy 500 is approaching quicker than you think. That means it’s time to get educated on the best place to make your Indianapolis 500 bets and how to make those bets. Whether you’re a beginner or an expert in the world of Indy car racing, we’ll make sure once this Memorial Day comes around, you’ll be primed to make the best choices for your Indy 500 betting, including who is offering the best bonuses and promos.
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What sportsbook should I choose to bet on the Indy 500?
|Sportsbook||Indy 500 betting: Current Promotions|
|SugarHouse||Match deposit bonus up to $250|
|Tropicana||Bet $50, get $50 free|
|888 Sport||$30 bonus with a $10 bet|
|William Hill||$50 bonus with first deposit|
|Last verified||May 23, 2019|
Indy 500 Facts And Figures
The Indianapolis 500 is the top race to feature the IndyCar: an open-cockpit, open-wheel body style in which all four wheels are outside of the car and the rider is exposed. As opposed to F1 cars, Indy cars are faster on straightaways, but have a little less downforce than their Formula One cousins.
Rick Mears is one of only three men to have won the Indy 500 more than three times. The race has been an annual event in Speedway, Indiana for more than 100 years, and it doesn’t show any signs of slowing down. Want to get in on the action?
How Can I Bet on the Indy 500?
Whether you’re a newcomer to motorsports and sports betting or you’ve been watching and playing for years, we’ll make it easy for you to make the most informed Indy 500 bets you can. Keeping an eye on up-and-coming drivers is your job, though.
So, make sure you’re up-to-date on who is the new person to beat in the famed Indianapolis 500 race. We’ll do the rest, giving you the info on how to bet and which sportsbooks are going to give you the best bang for your buck.
Betting on Indy 500 Winners
The simplest of bets, simply keep an eye on your favorite drivers and wager for the winner. If you’re new to Indy 500 betting, however, keep in mind that the crowd favorite is also going to have lower odds, especially if they’re favored by a particular bookmaker.
Take, for example, Charlie Kimball, a UK native. 888 Sport, operating in New Jersey, is originally a UK-based sportsbook booking Indy 500 bets in the US. There’s a chance that UK users will use the US version of 888 Sport from the UK, which would reduce Charlie Kimball’s odds overall. Basically, it doesn’t only matter who you place your Indy 500 bet on, but where you place that bet as well.
Matchup Indy 500 Bets
Matchup bets are where groups of two or more drivers are put together and you decide who among those is going to win. These Indy 500 bets are best executed if you’re familiar with all the drivers in the group, obviously. Matchup bets are a bit tricky but can have higher payouts than just a typical Win bet or podium bet.
Podium Bets (Indy 500 Top 3)
This is similar to a win-place-show bet in horse racing, except you only choose one driver, and that driver can come in any of the top three spots to win. It’s a simpler bet, so quite a few people will opt for this bet, and if you’re smart (and lucky), you may walk away with a bit higher payout.
Some drivers drive better at the Indy 500 than any other race, so check their consistency within the Indy, don’t be fooled by bad race performance elsewhere.
Indy 500 Prop Bets
In a prop bet on the Indy 500 race you are not betting on the winner. Instead, you’re betting on things like which driver will lead by how many laps for how long, or what nationality the winner will be, or will car X not finish, etc. These props will be determined by the sportsbook.
Indy 500 Futures Bets
In an odd way, a futures bet is kind of like a stock– actually, they call them “futures” in the financial news. Essentially, a futures bet for the Indy 500 race is going to happen weeks or months ahead of time, and you’re deciding on who will win.
Definitely not for the novice, futures bets are a complex way to wager, as you watch the odds fluctuate over time, though you’re already cashed in.
Indy 500 Live Betting
Live betting is an exciting, edge-of-your-seat way to bet on the Indianapolis 500 race. Basically, the sportsbook is going to throw up options live as the Indy 500 is going on, things like: will driver X lead the next 10 min? Will driver Y have to make a pit stop soon? As these are some of the more inexpensive ways to wager, this is a great way to start betting on the Indy 500.
Our Pick for Indy 500 Betting
Our pick for Indy 500 betting is definitely SugarHouse, whose bonus offers for first deposits and great customer service put them miles ahead of other sportsbooks. Open an account with SugarHouse today to make your Indy 500 bets and get up to $250 matched on your deposit.
Our Picks To Win Indianapolis 500
Takuma Sato is a favorite, having won a race in the 2018 IndyCar Series and getting beat out in the 2018 Indy 500, although he won 2017. Will Power, winner of last year’s Indy 500, is also an obvious leader of the 2019 pack.
Josef Newgarden, who is an up and comer in the world of motorsport, recently won the Astor Cup, so look out for him at Speedway. Tony Kanaan might also be a driver to watch this season, though his odds haven’t been as good.
Indianapolis 500 Winning Odds
Take a look at the odds from the 2015 Indy 500 race versus the actual outcomes:
|Will Power||6/1||2nd place|
|Charlie Kimball||100/1||3rd place|
|Scott Dixon||9/2||4th place|
As you can see, whichever oddsmaker set those odds wasn’t exactly accurate. The driver with 100/1 odds beat out the 9/2 odds. Likely, this gave a happy payout for whoever put their money on Charlie Kimball.
Our Final Thoughts
Get on the SugarHouse app, make a deposit, and SugarHouse will match that deposit 100% up to $250! That’s $250 of free money to play with (Terms and conditions apply.). Plus, SugarHouse has the best interface for both beginners and professionals betting on the Indy 500 race.
Keep up with your favorite and not-so-favorite drivers to take advantage of odds and handicaps, and make sure when you’re betting on the Indy 500, you’re doing so responsibly and just for fun. After all, that’s what the Indy 500 is all about!