Betting on the 2021 Indianapolis 500 – Odds, Contender Analysis, and More

| May 24, 2021 7:30 am PDT

It does not get much bigger than the Indianapolis 500, folks.

The 2021 edition, branded as the 105th Running of the Indianapolis 500 Presented by Gainbridge, is going to be unmissable for betting experts and casuals alike.

Ergo, it’s crucial that you get your best Indy 500 odds, bets, and betting strategies in place ASAP. And that is where this handy Indy 500 betting preview comes in.

The 500-mile Memorial Day Weekend classic is scheduled for Sunday, May 30 at the Indianapolis Motor Speedway in Indiana.

With the race almost upon us, I will be sharing the best Indy 500 odds for 2021, as well as the top candidates for the world-famous event.

By the time you have read everything, you can expect to know and where to bet on the Indy 500 online. Even better, you will have knowledge of the best ways to increase your chances of turning Indy 500 predictions and picks into cash.

Let’s start with the latest odds for the 2021 Indy 500 before we go any further.

The 2021 Indy 500 Odds

If you are betting on the Indy 500 in 2021, you can find the odds above. 35 drivers are vying for 33 spots on Sunday, May 30, so not everyone will make the grid.

Last year’s winner, Takuma Sato, will be hoping to be among the 33 that make the cut. From then on, he will launch an assault on back-to-back wins in the “Greatest Spectacle in Racing.”

Let’s look at the best of the leading candidates and favorites for the Indy 500 that stand in his way.

Takuma Sato Winning the Indy 500 in 2020

Leading Candidates to Win the Indy 500

Who wins the 2021 Indy 500?

That is the question on everyone’s lips leading up to the big race on Sunday, May 30 from the Indianapolis Motor Speedway in Speedway, Indiana.

Last year’s winner, Takuma Sato, comes in at odds of +1200. The Japanese star is aiming to join an elite band of drivers with three wins in the race, having crossed the line first in 2017, also. 

But I am not sure Sato is the man to do it in 2021. Rather, I believe anyone betting on the 2021 Indianapolis 500 should look at the six candidates, below.

Scott Dixon

Dixon is the betting favorite for the 2021 Indianapolis 500. I’m not one bit surprised to see him as the bookies’ main man.

The iconic driver registered first and fourth place returns at the weekend doubleheader at Texas earlier this month, which slashed his odds to win at the Brickyard. 

New Zealand’s Dixon is a six-time IndyCar champion, having clinched titles in 2003, 2008, 2013, 2015, 2018, and 2020. Despite this, the Kiwi has just the one victory in the IndyCar 500 (2008).

Alexander Rossi

Alexander Rossi is another driver that looks to be running hot right now. The Andretti Autosport star won the 2016 edition of this race as a rookie.

Can he do it as an established pro?

That is the question for Andretti Autosport’s Rossi, who comes in not far behind Dixon’s odds to win the Indy 500. This guy means business.

Josef Newgarden

A one-time favorite to win the 2021 Indy 500. Newgarden has slipped down the pecking order, but not by much.

Could the 2020 IndyCar Series runner-up spit flames at Sunday’s race? Or are we looking at another cold run on the famous bricks?

Simon Pagenaud

The 2019 winner, Pagenaud, is a good shout. The 2016 IndyCar king became the first French driver to kiss the brick since Gaston Chevrolet claimed the 1920 edition.

Pagenaud’s last win was in Iowa in last year’s campaign. Still, write him off at your peril.

Will Power

Australia’s Power has his sights set on the win.

Power could earn his second kiss of the bricks following his triumph at 2018’s edition of the race, and his Indy 500 betting odds are looking good for anyone on the same wavelength.

A devastating driver on his day, the record-breaking 40-year-old has a big chance at Sunday’s race.

Pato O’Ward

The 22-year-old is one to watch. O’Ward, the 2018 IndyLights champion, looks set to dominate over the next few years.

The prodigious Mexican talent could make a mockery of the oddsmakers with a win at the Indy500 this year. Could he join this illustrious list of Indy 500 winners in the 21st Century?

Year Driver
2020 Takuma Sato
2019 Simon Pagenaud
2018 Will Power
2017 Takuma Sato
2016 Alexander Rossi
2015 Juan Pablo Montoya
2014 Ryan Hunter-Reay
2013 Tony Kanaan
2012 Dario Franchitti
2011 Dan Wheldon
2010 Dario Franchitti
2009 Helio Castroneves
2008 Scott Dixon
2007 Dario Franchitti
2006 Sam Hornish Jr.
2005 Dan Wheldon
2004 Buddy Rice
2003 Gil de Ferran
2002 Helio Castroneves
2001 Helio Castroneves
2000 Juan Pablo Montoya

Now we have covered the best odds and candidates for the race, let’s move on to the best sites to bet on the 2021 Indianapolis 500.

Best Sites to Bet on the Indy 500

I will keep this quick and to the point — these are the best sites for betting on the 2021 Indianapolis 500 online. If you want to place your Indy 500 bets, feel free to do so now.

If you are wondering why the online sportsbooks above score so well with us, allow me to fill you in.

First, these sites are safe, secure, and legal. That means that you will be protected when betting on any of those above, as will be covered by the latest security measures and encryption software. Of course, everything is 100% compliant and above board. 

Are safety and security the only reasons to choose one of these sites for betting on the Indy 500 online? Absolutely not.

Protecting yourself always comes first and should be at the forefront of your decision-making process when choosing a new online sportsbook.

Now we have established why safety and security are important when betting online for real money, it’s important to point out the other things that really matter.

How about great odds and markets for the Indy 500? We all want to maximize our chances of winning big when gambling on the race, and selecting highly competitive odds can often be the easiest route to success. But then again, finding value in numerous online Indy 500 betting markets also helps.

Beyond the basics, there are so many advantages to choosing from our recommended real money gambling sites for the Indy 500.

Moving on, let’s see how to place bets on who will be kissing the bricks this Sunday.

Drivers Kissing the Bricks at the Indy 500

How to Place Bets on the 2021 Indy 500 Online

Now we have covered what you need to know about the best sites for the Indy 500 in 2021, let’s move on to a little more about wagering on the Indy 500. Or, to be more precise, how to wager on the Indy 500 online.

The best way for me to do this, especially if you are a gambling novice (no shame in that; we all start somewhere), is to put a few steps together that you can follow with ease.

There’s nothing complicated at all about learning about how to place wagers online.

So, let’s start off with the first step.

Step 1: Picking Your Online Site/App

Choose from any of the best real money sites to gamble on the 2021 Indy 500 online.

Remember, you can sign up with more than one site, which is never a bad idea for anyone looking to shop around for the best odds for the race. 

Most of the top sites have apps, too. You can sign up for an account via the desktop or mobile betting site for the Indy 500 in 2021.

Step 2: Registering for an Account

I’d love to tell you that signing up for an account to gamble on the 2021 Indy 500 is easy.

Thankfully, I can! Once you have chosen your site/s, getting up and running is a piece of cake. It’s literally as simple as filling out details such as your name, date of birth, email address, etc. 

We recommend online betting sites for IndyCar that ensure the process of registering for an account is fast, straightforward, and easy for anyone to figure out.

Step 3: Making a Deposit

If you are looking to win real money betting on the Indy 500 in 2021, you’re going to need to deposit to your account. 

And again, it’s a walk in the park. Especially these days, when you have a crazy number of choices available to make your deposit through.

Whether it’s betting with Bitcoin or PayPal, credit cards or pay-by-phone, you should find the process a doddle.

Step 4: Choosing Your Bonus

Sports betting bonuses are a great way to boost your bankroll and give you a little bit extra that could go a long way.

Given how much of a big deal this race is, there are already numerous bonuses for betting on the 2021 Indianapolis 500 doing the rounds.

Some bonuses will be exclusive to events such as the Indy 500, while others are offers available to new members of a site or app.

Step 5: Placing Your Bets

The fifth and final step involves getting your bets for the 2021 Indy 500 down!

So, what’s it going to be? Are you opting to bet on Patricio O’Ward to win, or are there some Indy 500 prop bets and specials that you like the look of? 

It’s all up to you now, of course. But I can’t let you go anywhere until you check out my Indy 500 tips for 2021.

Top Betting Tips for the 2021 Indy 500

You have made it this far, which means you must have big ambitions of winning real money on the Indianapolis 500 in 2021.

Well, in that case, I had better give you some real cast-iron tips for betting on this year’s Indy 500. Ones that will serve you well when it comes to making your Indy 500 predictions and picks, at the very least.

As you may or may not already know, this race is the biggest deal in motorsports for many bettors.

Therefore, there will be plenty of cash that changes hands, so to speak, from now until when bets are settled. And knowing when to jump on Indy 500 odds online, and when to hold off, becomes a skill that any shrewd bettor can take advantage of.

Not all bettors who gamble on the Indy 500 choose to do so in advance. Doing so can often be a good idea, but not always.

So, do not bother wasting any time lamenting your lack of haste on this matter. It’s not the most important betting tip for the Indy 500.

Well, it’s not as crucial as the ones below, anyway.

Shop Around for Value in 2021

If you’re betting on this year’s Indy 500, it’s never been more important to learn about line shopping and comparing odds

I mentioned the benefits of comparing odds a little earlier. But such is the importance of finding the best odds that I thought I’d mention it again.

In terms of my 2021 Indy 500 betting tips, this is numero uno for anyone hoping to make money on the race. 

Before you place any bets on the Indy 500, compare the odds from bookie to bookie on our recommended IndyCar betting sites. Doing so could mean making an extra bit of wedge on your potential winnings, which will affect you regardless of how much you are betting on the race.

It doesn’t matter whether you are betting on this race in 2021 or 2035, always ensure to shop around for the best odds.

With the 2021 edition set to be one of the tightest events in recent memory — and the odds for the Indy Car 500 in 2021 changing as quickly as the Indianapolis weather — it will pay to go that extra mile.

Bet on More Than One Driver

This year, we have multiple drivers with a real chance of winning this race. 

I would say that the level of competition this year means that choosing more than one driver when betting on the Indy 500 in 2021 is worth drawing a line under.

The grid will be packed with wily veterans as well as a couple of real wildcards that you could choose from.

Remember, there is no obligation for you to choose just one driver to bet on in the 2021 Indy 500.

With value across the board, I would personally recommend going with an experienced winner as well as one or two high-value outsiders.

For example, you take Scott Dixon’s odds to win the Indy 500 at +650, as well as Marco Andretti and Rinus VeeKay, both at +2200.

Qualifying Still Matters in 2021

Alright, so 35 drivers are competing for 33 starting spots in 2021.

So, qualifying is hardly the ridiculous fat-cutting exercise it was in years gone by. But Indy 500 qualifying in 2021 still matters, and you should be paying attention to it. 

Coupled with the weather forecast for May 30, qualifying is something you should be paying close attention to if you want to increase your chances of winning money gambling on the Indy 500.

Qualifying sessions will allow you to gauge more than just who has the best hang of the track itself; it could also give you an insight into what kit looks best on the bricks.

Of all my betting tips for the Indy 500 in 2021, this is the one that will probably ring important for the shrewder bettor. But I implore everyone to take it onboard. 

Remember, this is just the second running of the Indy 500 in the Penske era, so things have changed.

More 2021 Indy 500 Betting Advice

Well, that is almost a wrap for my betting preview for the 2021 Indianapolis 500.

I’ve covered the latest odds for the 2021 Indy 500, the leading candidates for the race, and explained how and where to bet on IndyCar’s showpiece event.

More than that, I have thrown in a few key betting tips for the Indy 500 that should help you maximize your chances of winning money on the event.

But I am not done helping just yet. Below is our complete guide to betting on the Indy 500, which contains some general tips that can be used for betting on this year’s race.

I will be dropping by again with predictions and picks for the 2021 Indianapolis 500, as well as the best Indy 500 props for Sunday’s race. You can find them closer to the race, alongside some of our other odds, bets, and tips in the gambling blog and betting picks sections of our site.

Good luck with your bets!

Adam Haynes
Adam Haynes

Adam is a sports writer and tipster with a strong background in MMA, boxing, and combat sports.

When Adam isn't writing about those, as well as politics, rugby, and Gaelic Games, he can be found working on methods and strategies to beat the bookies.

For his troubles, Adam is a fan of Leinster Rugby, Glasgow Celtic, and trusting the process.

More Posts by Adam Contact Adam



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