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2020 Indianapolis 500 Odds and Picks

The Brickyard in Indianapolis.
Who is a good bet to win the 2020 Indy 500 this Sunday? Photo by Staff Sgt. Joel Pfiester (Wiki Commons)
  • The 2020 Indy 500 will take place on Sunday, August 23 (1:00 pm ET) at Indianapolis Motor Speedway in Indianapolis, Indiana
  • Scott Dixon has won three of the first six races this season and currently leads in the standings
  • Read on for a full breakdown of the odds and best bets for the race

The IndyCar season has reached the Indy 500, which is also known as The Greatest Spectacle In Racing. On Sunday, August 23rd at 1:00 PM ET, the drivers will compete at Indianapolis Motor Speedway. Originally, Will Power and Josef Newgarden were favored but now Scott Dixon is in the top spot. Who is the best bet for Sunday’s race?

Odds to Win 2020 Indianapolis 500

Driver Odds to Win Top 3 Odds at DraftKings
Scott Dixon +400 +125
Alexander Rossi +750 +215
Marco Andretti +850 +250
Ryan Hunter-Reay +900 +265
Simon Pagenaud +900 +265
Josef Newgarden +1100 +300
Will Power +1200 +350
Takuma Sato +1600 +450
Rinus VeeKay +1600 +450
Colton Herta +1800 +550
James Hinchcliffe +2200 +600
Fernando Alonso +2500 +650
Ed Carpenter +2500 +650
Conor Daly +2500 +650
Graham Rahal +2500 +650
Felix Rosenqvist +2500 +800
Helio Castroneves +3300 +850
Patricio O’Ward +3500 +1100
Marcus Ericsson +4500 +1100
Alex Palou +4500 +1200
Oliver Askew +5000 +1200
Santino Ferruci +5000 +1200
Tony Kanaan +5000 +1200
Spencer Pigot +5000 +1200
Zach Veach +6600 +1600
Jack Harvey +8000 +2000
Charlie Kimball +12500 +3000
James Davison +20000 +5000
J.R. Hildebrand +20000 +5000
Sage Karam +25000 +6000
Max Chilton +40000 +10000
Dalton Kellett +40000 +10000
Ben Hanley +50000 +12500

Odds as of August 20

Dixon Has Been Red-Hot

Dixon hasn’t won the Indy 500 in a long time – since 2008 – but he’s among the favorites this year. The main reason for it is because he’s first in the IndyCar standings as he’s been nearly unstoppable in the early going. Remember, we’re only six races into the season but he’s already amassed 244 points.

Taking a look at Dixon’s track record so far, he has picked up three wins (each of the first three races this season) and then finished in the top five two other times (one was a runner-up). He has led laps in all but two races and has finished better than he’s started in five of six spots.

Considering his worst result on the year is a 12th (and outside of that outlier, fifth is his worst finish), you can see why he’s among the favorites. He’s a good bet as he’s as hot as anyone.

Andretti for a Top 10?

It might seem a little odd to see Marco Andretti among the favorites. He’s fourth in line in terms of the odds, which is a bit unusual considering how he has performed this season. He also doesn’t have a solid history at this track (he actually doesn’t have a great track record anywhere).

On the year, Andretti has placed in the Top 10 just once – a 10th-place result – but it did happen last week. He’s done well to earn him the pole position, which is why I have him in my picks. I’m not expecting a win – he’s only ever won one race, which was back in 2006 – but he might be a reasonable bet to finish in the Top 10 after qualifying so well.

Past Five Winners at Indy 500

Year Driver
2019 Simon Pagenaud
2018 Will Power
2017 Takuma Sato
2016 Alexander Rossi
2015 Juan Pablo Montoya

VeeKay Worth a Play?

If you’re looking for a longer shot who might have a chance to win outright, take a look at Rinus VeeKay. He’ll be making his Indy 500 debut this weekend and will be the youngest driver in the field. I like the team as Chevrolet might have the most pace in their cars these days. The question is if VeeKay can hone it.

I was quite surprised by how well he qualified as he is in fourth in terms of the starting positions. His results aren’t great this season but keep in mind he hasn’t started better than 13th. He’s finished between fifth and 19th, so with a good starting spot, he might have a legitimate chance to pull this off.

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