Indy 500: 5 best betting picks, deep-value plays and sign-up offers

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Indy 500
The crew for Will Power, of Australia, practice a pit stop during practice for the Indianapolis 500 auto race at Indianapolis Motor Speedway, Monday, May 22, 2023, in Indianapolis. (AP Photo/Darron Cummings)

The 2023 Indy 500 is now just a few days away. The 107th rendition of the greatest spectacle in Motorsport promises plenty of thrills, spills, and everything in between. With a 33-car field for one of the most unpredictable sporting events of the year, bettors are flocking to try and find some underdogs who could pull off a fairytale win this weekend. We’ve found five Drivers worth a nod.

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Scott Dixon +750

Scott Dixon is far from an underdog, but at +750, he’s hard to ignore. He’s an IndyCar veteran and a former winner of this amazing race. In fact, he should’ve arguably won it last year. He led 95 laps in total and with just 25 laps remaining, picked up a heartbreaking drive-thru penalty that destroyed his chances.

Dixon will start 6th in this year’s race and has all the racecraft, speed, and experience needed to be successful around here.

Felix Rosenqvist +1800

It’s been a huge few weeks for the Swedish driver, who was named Rookie of the Year back in 2019. He’ll start the Indy 500 from the front row and will look to build on last year’s P4 finish.

The Arrow McLaren team might lack the pedigree of a Chip Ganassi group, but they have a record-breaking car and a very strong driver lineup. Rosenqvist has proven his mettle here last year and has a highly competitive car. Provided he can keep out of trouble, this price feels way too good to pass up.

Also, two wins since 2018 have come from whoever qualified 3rd…you never know.

Indy 500
Alex Palou, of Spain, celebrates winning the pole for the Indianapolis 500 auto race at Indianapolis Motor Speedway, Sunday, May 21, 2023, in Indianapolis. (AP Photo/Darron Cummings)

Helio Castroneves +4000

You can never write off a wiley veteran, let alone one who has won the Indy 500 a stunning four times!

His odds have fluctuated from +4000 to +3000 in the past 24 hours so it may be worth jumping on the Helio train quickly. He won the race back in 2021 and will start the race from P20. That may turn a lot of bettors off, but this is a long race. It’s not won in the opening stanza and often comes down to those crucial final moments.

Castroneves is patient, has no problem lagging at the tail end of the field, and can keep out of wrecks. There is some serious value here.

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Scott McLaughlin +1200

I wrote about Scott McLaughlin in our preview and was already confident in backing him to win the Indy 500. However, I did some extra digging and found some fun data points to make me even more excited about the Aussie’s chances.

If we were to go off a ‘No Tow’ rank, which highlights a car’s raw pace without getting a slipstream from a car ahead, McLaughlin ranked 4th in both of the opening practice sessions. He also averaged 113 laps per session, the third most of any driver, so he’s clearly building up confidence around the Indianapolis Motor Speedway.

The former V8 Supercars wonderkid has been on a tear this season and has already won a race, sitting 5th in the standings. He’s yet to crack the Brickyard, but this could be the year…and he certainly seems fast enough.

Will Power +1600

From a pure value perspective, it’s hard to overlook Will Power. He won the race in 2018 and is a two-time series Champion. What’s even more interesting is that his best lap from the entire weekend of quali and practice would rank 5th overall. He topped Monday’s practice with a stunning average speed of 229 mph and has been bigging up his aero package to the media, expecting a competitive race weekend.

Power is always a factor when the moment comes and his speeds in practice week could be a sign of things to come.

You can back any of the names here with a free $200 bet on the Indy 500 by clicking the link below

Draftkings Sportsbook
States: NY, LA, AZ, CO, Il, IN, IA, MI, NH, NJ, PA, TN, VA, WV
New Player Bonus
Bet $5 the Indy 500
get $200 in free bets

Photo by Joe Robbins/Icon Sportswire