Indianapolis 500 Odds: Can Marcus Ericsson go Back-to-Back?

Written by: Reid Spencer
Updated May 26, 2023
4 min read
  • Can Helio Castroneves pull off a record fifth victory in the Great Spectacle?
  • Pole winner Alex Palou comes to Indy with considerable momentum.
  • Defending winner Marcus Ericsson is a good bet to go back-to-back.

Indianapolis 500 Betting Odds

Odds taken from DraftKings Sportsbook.

WinnerOdds

Alex Palou

+600
BET HERE

Pato O’Ward

+750
BET HERE 

Scott Dixon

+800
BET HERE 

Alexander Rossi

+1000
BET HERE 

Rinus Veekay

+1000
BET HERE 

Marcus Ericsson

+1100
BET HERE 

Takuma Sato

+1200
BET HERE 

Felix Rosenqvist

+1200
BET HERE 

Santino Ferucci

+1200
BET HERE 

Josef Newgarden

+1400
BET HERE 

Scott McLaughlin

+1500
BET HERE 

Our Picks for the Indianapolis 500

  • Marcus Ericsson to win the race at +1100
  • Helio Castroneves as a long-shot pick at +4000
Indianapolis 500 Marcus Ericsson

Indianapolis 500 Predictions

Helio Castroneves Seeks Record Fifth Victory in Indianapolis 500

Those who cheer for the best story in a given sports event will be solidly on the side of Helio Castroneves on Sunday, as the Brazilian driver seeks to with the Indianapolis 500 for a record fifth time.

If you’ll recall, Castroneves joined the four-victory fraternity two years ago, and he’s driving for the same Meyer Shank Racing team that sent him to Victory Lane in 2021.

The problem? In the run-up to the foremost spectacle in racing, Castroneves hasn’t shown the speed necessary to compete with front-row qualifiers Alex Palou, Rinus Veekay and Felix Rosenqvist.

Starting 20th, Castroneves was more than 2 mph slower than Palou in qualifying. But in the Indy 500, reliability wins more races than raw speed, and if Castroneves can survive to the end, he may have a shot.

Obviously, he’s been there before, and at +4000 via DraftKings Sportsbook, he’s a great long-shot bet if you’re looking deeper in the field than the first three rows.

Alex Palou Comes to Indy Riding a Powerful Wave of Momentum

Alex Palou already has won at Indy this season, albeit on the 2.439, 14-turn road course as opposed to the 2.5-mile oval that hosts the Indianapolis 500.

Nevertheless, Palou’s victory in the May 13 GMR Grand Prix vaulted him to the top of the IndyCar standings, six points ahead of second-place Pato O’Ward.

Palou followed that triumph with a pole-winning effort for the Sunday’s Indy 500, and he’ll lead the 33-car field to green at 12:45 p.m.

Pole-winning speed, however, does not guarantee success in the 200-lap, 500-mile race. In fact, only one polesitter has kissed the bricks at Indy in the last 13 years. That was Simon Pagenaud in 2019.

We also think Palou is a better bet on road courses than he is on ovals, and we’re reluctant to put our money on the pole winner at the short odds of +600 via DraftKings.

Marcus Ericsson Is a Good Bet to Repeat at Favorable Odds

First, the disclaimer. No driver has won consecutive Indy 500s since Helio Castroneves pulled off the feat in 2001 and 2002.

Why, then, are we picking Marcus Ericsson to defend last year’s victory?

First, it’s about time someone did it. Second, the Swede drives for Chip Ganassi Racing, a team that also fields cars for pole winner Alex Palou and 2008 Indy 500 winner Scott Dixon, who also has six series championships to his credit.

Ganassi’s cars have speed this year, and we like Ericsson to duplicate his win from 2022, when he beat Pato O’Ward to the checkered flag by 1.793 seconds.

Another reason we like Ericsson: he’s offered at +1100 by DraftKings Sportsbook. That’s a generous price for a defending winner.

How We Rate
Affiliate Disclaimer
21+
Logo #1

FanDuel

4.8/5

Bet $5, Get $200 in Bonus Bets

21+ | Terms and conditions apply

Logo #2

BetRivers

4.1/5

$500 Bonus Bet

21+ | VA only | Gambling problem? Call 1-800-532-3500

How to Watch the Indianapolis 500

  • What: Indianapolis 500
  • Where: Indianapolis Motor Speedway
  • When: Sunday, May 28, 12:45 p.m. ET
  • How to Watch: NBC
21+ | Terms and conditions apply
Claim Now
Image for Reid Spencer

Reid Spencer

NASCAR Betting Analyst

Expertise:
NASCAR
Betting Analyst
Award-winning motorsports writer Reid Spencer has served as lead writer for the NASCAR Wire Service for 16 years, having also spent a four-year stint as NASCAR columnist and beat writer for Sporting News. He is currently serving as president of the National Motorsports Press Association.
Nationality: American
Education: Bachelor in Drama
Favourite Sportsbook: Caesars Sportsbook
Favourite Casino: FanDuel Casino
Experience:
48 years
We've been featured on:
espn logo
reuters logo
cbs-news logo
forbes logo
entrepreneur logo
entrepreneur logo
We only list licensed sportsbooks
WorldSportsNetwork
WorldSportsNetwork
WorldSportsNetwork
WorldSportsNetwork
WorldSportsNetwork

We support responsible gambling. Gambling can be addictive, please play responsibly. If you need help, call 1-800-Gambler.

WSN.com is managed by Gentoo Media. Unless declared otherwise, all of the visible content on this site, such as texts and images, including the brand name and logo, belongs to Innovation Labs Limited (a Gentoo Media company) - Company Registration Number C44130, VAT ID: MT18874732, @GIG Beach Triq id-Dragunara, St. Julians, STJ3148, Malta.

Advertising Disclosure: WSN.com contains links to partner websites. When a visitor to our website clicks on one of these links and makes a purchase at a partner site, World Sports Network is paid a commission.

Copyright © 2024