Pato O’Ward a slight favorite to win the 2023 IndyCar Indianapolis 500

Updated May 23, 2023
Updated May 23, 2023By Chris Boline
indycar betting indianapolis 500

In many ways the most iconic race of the IndyCar season, the 2023 Indianapolis 500 is set to kick off this week with a ton of drivers jostling for the top spot. Marcus Ericsson of Chip Ganassi Racing enters the competition as the defending Indianapolis 500 champion but will face a bevy of drivers looking to knock him off his pedestal. Checking in as the narrow favorite for this race, Pato O’Ward is one to look out for with four career wins in his career and one of the top young drivers. On the opposite side of the age spectrum, New Zealand’s Scott Dixon is another race near the top of betting markets with his last Indy 500 victory coming back in 2008. Finally, two other fantastic championship drivers round out our list with 2021 IndyCar Series winner Alex Palou and two-time IndyCar Series champion Josef Newgarden.

In this article, SBS will be going over what to look for from each of these racers, who will win the 2023 Indianapolis 500, and more notes about auto racing. 

Favorites to Win The 2023 IndyCar Indianapolis 500BetOnlineBetUSGTBets
Pato O'Ward+725+725+725
Scott Dixon+750+750+750
Alex Palou+800+800+800
Josef Newgarden+800+800+800

The No. 1 Contender: Pato O’Ward (+725)

During the 2023 IndyCar Series campaign, O’Ward has been one of the more proficient racers with three second-place finishes to his credit in five races. After finishing seventh in the 2022 IndyCar championship standings, the Mexican racer has positioned himself as one of the favorites to win the whole series. The 2018 Indy Lights champion, O’Ward can continue his ascent with a big victory on Sunday. 

Pato O’WardTo win the 2023 Indianapolis 500
+725
Bet Now

The No. 2 Driver: Scott Dixon (+750)

The most decorated driver on this list, Dixon has 52 IndyCar Series wins in his career along with an astounding 130 podium finishes. During the 2022 IndyCar Series campaign, Dixon was able to notch two wins during the season and finish third in the points standings. One of the most consistent drivers ever, Dixon is a strong bet to make things interesting in Indianapolis. 

Scott DixonTo win the 2023 Indianapolis 500
+750
Bet Now

The No. 3 Driver: Alex Palou (+800)

As noted above, Palau is the 2021 IndyCar Series champion and is the first Spanish racing driver to win a national championship in American open-wheel racing history. After winning the 2021 title, Palou has been adding to his IndyCar trophy case with five overall wins in the series. Coming off a win at the Indianapolis Motor Speedway, Palou is in a great spot to achieve his 2021 heights. 

Alex PalouTo win the 2023 Indianapolis 500
+800
Bet Now

Final Contending racer: Josef Newgarden (+800)

The last racer spotlight on our list, Newgarden won the 2023 PPG 375 in Texas earlier this year and has been pushing as one of the leading drivers in the sport for years now. With 26 wins in his pro career, he is destined a potential Hall of Fame career if he can keep up the pace. In addition to his win in Texas, Newgarden has two other top-ten finishes this year. 

Josef NewgardenTo win the 2023 Indianapolis 500
+800
Bet Now

Prediction: Another wide-open competition, take O’Ward to win here as one of the hottest hands in IndyCar racing

Other notes and information about your IndyCar wagers

After you are all dialed in regarding your bets on the Indianapolis 500, make sure to also check out the whole variety of different pages that SBS has for you to keep you motoring along. If you are a big fan of auto racing, then the SBS NASCAR betting sites guide is a great page to have dialed in as well. With both IndyCar and NASCAR occurring this whole summer, there will be plenty of opportunities to check out the latest betting markets. For a sport that is always on the go, our best betting apps breakdown is a great page to pair with as well. Here you can learn all about the nuances of mobile betting. On a final note, if you are perhaps interested in seeing what kind of different ways to make your deposits and withdrawals, the SBS payment methods rundown is a must-read.

1
Bovada-logo
BTC Accepted
50% bonus up to $1,000

Bonus

$ 1000
Play Now
2
BetOnline-logo
BTC Accepted
50% bonus up to $1000

Bonus

$ 1000
Play Now
3
BetUS-logo
BTC Accepted
125% up to $2,500

Bonus

$ 2500
Play Now
4
MyBookie-logo
BTC Accepted
100% bonus up to $1000

Bonus

$ 1000
Play Now
5
Xbet-logo
BTC Accepted

Bonus

$ 500
Play Now

About the Author

Chris Boline
Chris Boline

As a devout aficionado of sports, Chris Boline has carved a career within the athletic realm. A skilled scribe, he boasts a decade-long portfolio that encompasses coverage of the NBA G League, the Los Angeles Chargers, football and basketball across the country. Beyond his professional pursuits, Chris is deeply invested in his community and dedicates his leisure hours to serving on boards, collaborating with community organizations, and cherishing the company of loved ones. CURRENTLY Business Development and freelance sports writing RESIDES IN Reno, NV EDUCATION University of Nevada BS and MBA EXPERTISE -Sports writing proficiency in: NFL, NBA, UFC, boxing, golf, and some motor sports -Topical news -Promotional and marketing ideas/updates -Business development Summary Chris Boline serves in a business development sales capacity as his day job. He has previously held sales/marketing positions with The Applied Companies (TAC), KTVN 2 News and the NBA G League’s Reno Bighorns, affiliate of the Sacramento Kings. He is a Reno native and is a member of various community boards including the Nevada Sagebrush Alumni Chapter, NCET and the College of Business Alumni Association (COBAA). Chris graduated from the University of Nevada in 2015 with a bachelors in management and economics and also earned his MBA from Nevada in 2023. More about Chris: Past president of the College of Business Alumni Association (COBAA) 2022-23 Two-time honoree for University of Nevada Alumni Chapter of the Year (Nevada Sagebrush Alumni Chapter, 2017 & COBAA, 2021) 2021 NCET award for Professional Services Organization of the Year with TAC Northern Nevada Human Resources Association 2020 Best Places to Work-Northern Nevada, Second Place with TAC 2016-17 Reno Bighorns MVP from the Sacramento Kings The Nevada Sagebrush editor-in-chief 2013-15 Associated Collegiate Press 2015 Four-year Non-daily Newspaper Pacemaker honoree University of Nevada, Reno College of Business Dean's List honoree (5x) from 2011-2015 Nevada Press Association award for Best Sports Column – Community in 2015 Education

Read Chris's Profile

Ask Chris about this guide:

Email Twitter