2025 Indy 500 odds: Josef Newgarden moves up board before Saturday qualifying

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2025 INDIANAPOLIS 500 Conor Daly shares note to younger self: ‘Write your own superhero story’ Roger Penske 1-on-1: Alex Palou’s dominance, new car coming, Will Power’s future Kyle Larson unfazed after latest practice crash ahead of Indy 500 Indy 500 sellout will entertain 350,000 fans: ‘These are the good old days’ 2025 Indy 500 Schedule: Practices, Qualifications, Race How to watch 2025 Indy 500 Qualifications: Schedule, date, time, TV channel, streaming 2025 Indy 500 practice 4 results and speeds 2025 Indy 500 Qualifications: Format, how it works How to watch Indy 500 Practices: Schedule, date, time, TV channel, streaming

The countdown is on to the 109th Running of the Indianapolis 500. The big event takes place on FOX on May 25, and motorsports fans are diving into the betting action.

Last year’s second-place finisher, Pato O’Ward, was at the top of the oddsboard at the beginning of February at 6/1. But now, Alex Palou is in that spot. He moved to 5/1 from 4/1 since Indy 500 practice started and from 10/1 over the last three months.

Palou started the year off in dominant fashion, winning four of the first five races of the 2025 season.

The reigning Indy 500 champion is Josef Newgarden. He’s second on the board, shifting to 6/1 from 13/2 ahead of Saturday’s qualifying, which moved him from third on this list.

Will we see a repeat champion at The Brickyard in May?

Check out the latest odds for “The Greatest Spectacle in Racing” at DraftKings Sportsbook as of May 17 before Saturday’s qualifying rounds begin.

2025 INDIANAPOLIS 500

Alex Palou: 5/1 (bet $10 to win $60 total)
Josef Newgarden: 6/1 (bet $10 to win $70 total)
Pato O’Ward: 7/1 (bet $10 to win $80 total)
Scott McLaughlin: 7/1 (bet $10 to win $80 total)
Scott Dixon: 8/1 (bet $10 to win $90 total)
Kyle Larson: 10/1 (bet $10 to win $110 total)
Will Power: 12/1 (bet $10 to win $130 total)
Colton Herta: 16/1 (bet $10 to win $170 total)
Alexander Rossi: 16/1 (bet $10 to win $170 total)
Santino Ferrucci: 18/1 (bet $10 to win $190 total)
Helio Castroneves: 20/1 (bet $10 to win $210 total)
Marcus Ericsson: 20/1 (bet $10 to win $210 total)
Kyle Kirkwood: 20/1 (bet $10 to win $210 total)
Takuma Sato: 20/1 (bet $10 to win $210 total)
Christian Lundgaard: 25/1 (bet $10 to win $260 total)
Felix Rosenqvist: 30/1 (bet $10 to win $310 total)
Conor Daly: 30/1 (bet $10 to win $310 total)
Ed Carpenter: 40/1 (bet $10 to win $410 total)
Rinus Veekay: 40/1 (bet $10 to win $410 total)
Graham Rahal: 40/1 (bet $10 to win $410 total)
David Malukas: 40/1 (bet $10 to win $410 total)
Ryan Hunter-Reay: 50/1 (bet $10 to win $510 total)
Marcus Armstrong: 50/1 (bet $10 to win $510 total)
Louis Foster: 70/1 (bet $10 to win $710 total)
Marco Andretti: 70/1 (bet $10 to win $710 total)
Nolan Siegel: 80/1 (bet $10 to win $810 total)
Christian Rasmussen: 80/1 (bet $10 to win $810 total)
Sting Ray Robb: 100/1 (bet $10 to win $1,010 total)
Jack Harvey: 100/1 (bet $10 to win $1,010 total)
Callum Ilott: 100/1 (bet $10 to win $1,010 total)
Kyffin Simpson: 100/1 (bet $10 to win $1,010 total)
Devlin DeFrancesco: 150/1 (bet $10 to win $1,510 total)
Jacob Abel: 200/1 (bet $10 to win $2,010 total)
Robert Shwartzman: 200/1 (bet $10 to win $2,010 total)

BEST OF FOX SPORTS’ INDY 500 COVERAGE:

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