Indianapolis 500 Betting Preview – Sports Gambling Podcast

The 106th edition of the Indianapolis 500 will take place on Sunday. Often touted as “racing’s greatest spectacle”, it is part of the triple crown of racing. With the 24 Hours of Le Mans, and the Monaco Grand Prix which also takes place on Sunday. This called for a special motorsport edition of the (NASCAR Game Podcast) where we break down these two prestigious events. Here we prepare you to kiss the bricks with our Indianapolis 500 betting preview.

In 2021 this event was won by Hélio Castroneves. It was the fourth Indy-500 victory for Castroneves, then 46 years old. Twenty years after his first Indy-500 win in 2001, Castroneves is back this year but has his work cut out for him as he starts 27th on the grid.

Thirty-three drivers, 200 laps, 500 miles, a bottle of cold milk. All of this awaits us on Sunday afternoon. Scott Dixon took first place on the grid with an average speed of 234.046 mph. The field average of 231.023 mph is the fastest in race history. Current points standings leader Will Power will take to the green from the 11th tee position. Right next to Power at the 12th starting spot is seven-time NASCAR Cup Series champion Jimmie Johnson. Johnson will make his first Indy-500 attempt. However, he’s no stranger to victory lane here, embracing the bricks four times after winning NASCAR’s Brickyard 400. An event that took place on the track from 1994 to 2020.

Indianapolis 500 Betting Overview

How to watch: NBC
When to watch: Sunday, May 29, 11 a.m. ET

Overview of bets:

Odds of winning:

Scott Dixon (+550)
Alex Paulo (+600)
Pato O’ward (+900)
Rinus Veekay (+1100)
Joseph Newgarden (+1200)
Willpower (+1400)
Colton Herta (+1800)

The bets :

Alex Palou on Will Power (-190)

I spoke on the podcast about my love for Palou this week. He was last year’s runner-up in this race and a guy hungry for a win in 2022. Palou is second in the points standings behind his opponent here, Will Power. A few weeks ago in Birmingham, Palou ran second. He finished third at the Long Beach Grand Prix and second at the season opener at St. Pete. He has beaten Power head-to-head in 3 of 5 events this year. Palou was also the fastest in FP8 practice this week at Indy.

Best bet! Jimmie Johnson over Juan Pablo Montoya (-220)

I’m a NASCAR guy first and foremost. So of course I had to include the two former full-time NASCAR stars. Montoya started out as a Formula 1 driver earning seven wins there before moving to NASCAR in 2007. In nine full-time seasons, Montoya scored two Cup Series victories. In 2014, Montoya returned to open-wheel cars heading to IndyCar full-time. Jimmie Johnson is of course a 7-time NASCAR champion, sharing that accomplishment with only Richard Petty and the late Dale Earnhardt Sr.

Montoya is now just a part-time IndyCar driver, and Johnson takes the full-time seat in 2022 after racing only the road courses in 2021. Johnson was faster in all but one practice session for this race. Johnson was a regular top 5 car in practice while Montoya’s best session was 18th. Montoya mostly trailed around the 30th position during practice sessions. If Johnson can avoid nerves and pressure and not make a mistake like he almost did in qualifying. This match doesn’t even seem close.

Alex Palou will finish in the top 10 (-240)

Palou has finished in the top three three times this season. And top 7 in all races except the Grand Prix GMR. This race was a stormy mess, and the rain tires and weather weren’t right with Palou’s car after being one of the quickest in practice and second in qualifying. Palou has been quick this season and I’ve talked before about how I’m the 2021 NTT INDYCAR Series Everywhere Champion. I love him to win the race, but I absolutely love him to finish in the Top 10.

Choice of race winner:

On the podcast I gave Alex Palou +600 as the winner, I like Palou this week as you can see in my other bets. But I want to spread the bets a bit for a big race like this. So instead of a more favored driver and a longshot, I have two mid to long range guys that I really like and find great value in.

To win: Willpower (+1,800)

Power is a veteran and the 2018 Indy-500 champion. He ranks fifth all-time in IndyCar with 38 wins. He also races for the team with the most Indy-500 wins. Penske Racing has won the Indianapolis 500 a record 18 times. Power is yet to claim victory this year, but he is currently the points standings leader and he is showing at 41 that he is not slowing down. I had him picked against him in a head to head on it. But this 18/1 is a wonderful insurance policy to hold!

Up for grabs: Colton Herta (+1800)

The 22-year-old second-generation IndyCar driver is a rising star. The youngest driver to ever win in IndyCar at just 18 years old. He now has 7 IndyCar wins to his name and everyone is talking about being the next F1 star. Herta won the last race of the Indianapolis GMR Grand Prix. Look for the Andretti Autosport driver who will be there on Sunday.


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