Indianapolis 500 Picks

By Miguel A.
indy 500 2021 betting picks and odds

The Indianapolis 500, the crown jewel of the IndyCar Series, is just this weekend. The betting odds to win the Indy 500 have been out for a long time, and we are here to provide some betting picks and tips for this weekend’s big race. 

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Indy500 Pick: Scott Dixon to Win

Scott Dixon is no stranger to the Indianapolis 500, having previously won the big race in 2008. He is currently at the top of his game, having won his sixth IndyCar championship in 2020. He continues to be a dominant force on the track.

And he has shown his determination to win this big race. He had the fastest qualifying speed at an astounding 231.828 miles per hour. With this he earned the pole position, something held in especially high esteem at this legendary race. 

Something else pushing us towards the Scott Dixon pick to win are his odds. Although he is the relative favorite, he is still an underdog against the field, meaning you will have a very large payout for a winning ticket. The difference between going with the relative favorite and not is very small in terms of rewards for risk. 

Go with Scott Dixon to win the Indianapolis 500 in 2021.

Scott Dixon to Win2021 Indianapolis 500
+475
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Indianapolis 500 Odds to Win

The odds to win outright the Indy500 are out! You can check the odds from top sportsbooks and compare them. This way you can be sure you are getting the best deal!  

Indianapolis 500 winners oddsBovadaMyBookieBetOnline
Scott Dixon+450+475+450
Josef Newgarden+650+650+650
Pato O'Ward+650+650+650
Will Power+800+800+850
Simon Pagenaud+1000+1000+1000
Alexander Rossi+1200+1200+1200

How to Read these Odds?

In American format, the odds can be a little confusing, but with a little instruction, it starts to come naturally. 

Something that may seem counterintuitive at first is that the higher the number, the less likely it is that that particular bet will be true, according to the markets. That is because the number represents your reward directly, more than the probability. 

For example, if you want to bet on Scott Dixon to win it all (+450), you will earn $450 for every $100 that you risk. 

If the numbers are negative (-), then you are no longer betting on the underdog, but rather on the favorite.  In this case, you will earn less money than you would for a winning bet slip betting on the underdog.

When calculating your reward for betting on the favorite, i.e. those with negative values, keep in mind that the odds value is how much you have to risk in order to win $100. 

This Saturday, @IndyCar fans around the world can watch the #Indy500 Drivers’ Meeting with @BlueJeansNet on https://t.co/Q5KDx1BrDQ.

The Drivers’ Meeting starts at 10 a.m. (ET) and will be hosted by @AllenBestwick.

Full Details: https://t.co/MsTXfXpeXl#ThisIsMay | #INDYCAR pic.twitter.com/Vhs37Ff9J4

— Indianapolis Motor Speedway (@IMS) May 27, 2021

Finding your Indy 500 Betting Site

Now that you have a grasp on how to read the odds for the Indy 500, it is time to pick your motor sports betting site. There are a few things to keep in mind here when deciding which ones to sign up with. 

Choose at Least Two

The first thing is to not stop at your first sportsbook. We make this recommendation for a few strategic reasons. 

One is so that you can compare Indianapolis 500 betting lines across sportsbooks. This means that you are only buying lines that are a good deal, rather than the only one that happens to be available to you. No reason to throw money down the drain. 

The second strategic advantage that this betting tip will give you is to have access to more bonuses and promotions. 

Double Check the Deposit Options

While the sportsbooks we recommend for online Indianapolis 500 wagering accept a wide range of deposit methods, it is good to make sure your preferred option aligns well with your sportsbook.

If you prefer Discover Card, you will find plenty of options. Bitcoin bettors will have plenty of options as well, though they should keep in mind that some sportsbooks will offer them even better bonuses if they make their initial deposit with a cryptocurrency. 

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