Sportsbooks That Accept Bets On The Indy 500 

Best Indy 500 Sportsbooks

Rank	Sportsbook	Bonus Offer	Play Now
1		Exclusive 50% Bonus Code up to $1000!Read Review	BVD1000 in Cashier
2		50% Up To $1,000Read Review	Visit BetOnline!
3		50% Up To $1,000 Read Review	Visit MyBookie!
4		100% Up To $300Read Review	Visit Xbet!
5		50% Up To $1,000 Read Review	Visit SportsBetting!

Is It Legal to Bet on The Indy 500?

Yes, there are a variety of legal sportsbooks that take Indy 500 bets all throughout the US. Choose to bet in person in one of the many states with legal sports betting. If visiting the area, Indiana sports betting is also fully available with in person and online sportsbooks taking action on the event. No matter which method is chosen, both are legal ways to bet on the Indy 500 in the US.

Best Indy 500 Legal Sports Betting Sites

Ways To Bet on The Indy 500

The ways to bet on the Indy 500 start with the simplest form of betting: who will win the Indy 500? Sportsbooks that take Indianapolis 500 bets like the most recent Indy 500 betting odds above payout bettors based on the odds presented. No matter if you want to take an underdog, or ride with the favorite, there are many Indy 500 sportsbooks that accept US players.

Head-To-Head

Pitting two drivers against each other, betting on Indy 500 head-to-head matchups can be rather hard. Often, the legal sports betting sites will offer two drivers with similar odds or finishing expectations. This means, it isn’t common to see odds above -125. Only Scott Dixon (-145) had a large odds advantage over Scott McLaughlin (+110) in 2023. Otherwise, head-to-head betting odds appear as such.

Group Winner

Just like a head-to-head, betting on a group winner is picking the best finisher of a group of four. Most often, the odds will be starting around +250 and range close to +400. Because Indy 500 sportsbooks group similar skilled drivers, the top groups can be hard to bet, but the lower groups offer some easier variance.

Top 3 Finish

Instead of betting on who will win the Indy 500, take a shot at who will be on the podium. Similar to horse racing betting, you can bet on drivers to finish in the top 3. While their odds are drastically reduced, it also creates some cushion for IndyCar betting favorites who may or may not lead the pack at the end. The shortest odds to expect in this category exceed +200, while many longshots can sit with odds above +1000.

Top 5 Finish

Just like the top three finish, this Indy 500 prop bets offers even more of a leniency. Now needing to finish in the top 5, bettors can find a racer that belongs to a great manufacturer and company. The favorites may be in the negatives, but the longshots can triple, quadruple, or quintuple your bankroll in a few laps. Finding success in the long odds is tough, so consider taking the -110 odds on the Indy 500 favorite to finish here.

Top 10 Finish

You get the point by now. Drivers must finish in the Top 10 for Indy 500 sports betting sites to cash out bettors. Many drivers will have negative odds for this Indy 500 betting style, so avoid the top favorites. But, a bet on a few middle of the pack drivers can lead to a profit, as many racers hold odds around -115.

Indy 500 Prop Bets

Aside from these future style bets, sportsbooks that accept Indy 500 bets offer various props. These can be yes/no type questions, picking between two selections, or betting an over-under. While you may not find betting odds on an Indy 500 crash, you’ll instead find prop bets on the Indianapolis 500 like this. Before placing any props or other Indy 500 bets, make sure to check out the legal sports betting bonuses that are available to all new players.

Some Indy 500 Betting History

It isn’t uncommon for longshots for the Indy 500 to hit. Over the last few races, many winners came in with Indy 500 odds above +1000. Still, focusing on certain teams and manufactures is the way to go. Since 2005, three teams have dominated the Indy 500. Other than them, Rahal Letterman Lanigan Racing has won two – the only team with multiple Indy 500 wins since the year 2000.

• Andretti Autosport (2005, 2007, 2014, 2016, 2017)
• Chip Ganassi Racing (2008, 2010, 2012, 2022)
• Team Penske (2006, 2009, 2015, 2018, 2019)