Indy 500 Odds: Alex Palou, Pato O'Ward Co-Favorites Ahead of 2025 Race at The Brickyard
Josef Newgarden returns to the Indy 500 on Sunday as the two-time defending winner. But he won't be sitting in the pole position after Robert Schwartzman became the first rookie to claim the pole since 1983, and the rising star is among the top 10 in the Indy 500 odds from our best sports betting sites.
📊 Indy 500 odds 2025
Latest Indy 500 odds from FanDuel.
| Driver | FanDuel | Implied probability | Profit on $10 bet |
|---|---|---|---|
| Alex Palou | +600 | 14.29% | $60 |
| Pato O'Ward | +600 | 14.29% | $60 |
| Scott Dixon | +900 | 10% | $90 |
| Scott McLaughlin | +900 | 10% | $90 |
| Josef Newgarden | +1000 | 9.09% | $100 |
| Takuma Sato | +1000 | 9.09% | $100 |
| Robert Shwartzman | +1500 | 6.25% | $150 |
| Kyle Larson | +1600 | 5.88% | $160 |
| Felix Rosenqvist | +1600 | 5.88% | $160 |
| David Malukas | +2200 | 4.35% | $220 |
| Christian Lundgaard | +2500 | 3.85% | $250 |
| Colton Herta | +2500 | 3.85% | $250 |
| Will Power | +3000 | 3.23% | $300 |
| Marcus Ericsson | +3000 | 3.23% | $300 |
| Alexander Rossi | +3000 | 3.23% | $300 |
| Helio Castroneves | +3000 | 3.23% | $300 |
| Kyle Kirkwood | +3000 | 3.23% | $300 |
| Santino Ferucci | +3000 | 3.23% | $300 |
| Conor Daly | +3500 | 2.78% | $350 |
| Graham Rahal | +7000 | 1.41% | $700 |
| Ryan Hunter-Reay | +7000 | 1.41% | $700 |
| Ed Carpenter | +7000 | 1.41% | $700 |
| Marcus Armstrong | +8000 | 1.23% | $800 |
| Nolan Siegel | +8000 | 1.23% | $800 |
| Louis Foster | +8000 | 1.23% | $800 |
| Rinus Veekay | +10000 | 0.99% | $1,000 |
| Marco Andretti | +10000 | 0.99% | $1,000 |
| Christian Rasmussen | +10000 | 0.99% | $1,000 |
| Sting Ray Robb | +10000 | 0.99% | $1,000 |
| Callum llott | +12000 | 0.83% | $1,200 |
| Kyffin Simpson | +12000 | 0.83% | $1,200 |
| Jack Harvey | +15000 | 0.66% | $1,500 |
| Delvin DeFrancesco | +20000 | 0.50% | $2,000 |
Here are some quick observations about the early Indy 500 odds:
- Palau and Ward are easily out in front by the odds while getting prices that imply a chance over 4% higher than any other driver.
- There are only five drivers at or below +1000 odds, including the defending winner Newgarden.
- There are two clear dropoffs in the odds: the first coming after Felix Rosenquist (from +1600 to +2200 for David Malukas behind him), and the second after Conor Daly (from +3500 to Graham Rahal at +7000).
🤖 Indy 500 AI prediction
I had a conversation with ChatGPT, a large language model chatbot from OpenAI, and asked for its best Indy 500 AI pick to win. Please note that ChatGPT is not an experienced bettor, and it should be used only to gather additional information and insights.
🏆 Alex Palou (+600 via FanDuel)
Here's why Alex Palou (+600) is the pick from ChatGPT to win the 2025 Indy 500.
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🏎️ Unparalleled season dominance: Palou has been the standout driver in the 2025 IndyCar season, securing four victories in the first five races. This dominant performance has granted him a substantial lead in the championship standings, underscoring his exceptional form and consistency. His recent triumph on the Indianapolis Motor Speedway's road course further highlights his adaptability and prowess at this venue.
🏎️ Consistent excellence at the Indy 500: While Palou is yet to clinch an Indy 500 victory, his track record at the event is impressive. He has achieved three top-five finishes over his five appearances, demonstrating his competitiveness and skill on the iconic oval. Notably, he's previously qualified on both the front row and pole position, indicating his capability to perform under the unique pressures of this race.
🏎️ Strategic advantage with Honda: The 2025 season introduces hybrid power units, and Honda-powered teams have shown a strategic focus on qualifying performance. This emphasis has resulted in Honda securing 11 of the top 12 starting positions for the Indy 500, providing a significant advantage in track position. Palou, driving for Chip Ganassi Racing with Honda power, benefits directly.
📺 How to watch the 2025 Indy 500
📅 Race date: Sunday, May 25
🕒 Start time: 12:45 p.m. ET
📍 Track: Indianapolis Motor Speedway (Indianapolis, IND)
📺 TV: FOX
💻 Streaming: Fubo
☀️ Weather: 64 degrees, 9-mph to 14-mph winds, 30% chance of precipitation
🏆Past Indy 500 winners
| Driver | Year |
|---|---|
| Josef Newgarden | 2024 |
| Josef Newgarden | 2023 |
| Marcus Ericsson | 2022 |
| Helio Castroneves | 2021 |
| Takuma Sato | 2020 |
| Simon Pagenaud | 2019 |
| Will Power | 2018 |
| Takuma Sato | 2017 |
| Alexander Rossi | 2016 |
| Juan Pablo Montoya | 2015 |
| Ryan Hunter-Reay | 2014 |
Motorsports betting odds pages
| NASCAR Cup Series Odds | Indy 500 Odds |
| F1 Driver/Constructor Series Championship Odds | Monaco Grand Prix Odds |
| Canadian Grand Prix odds | Las Vegas Grand Prix odds |
❓Indy 500 FAQs
Who is favored to win the 2025 Indy 500?
Alex Palou and Pato O'Ward are co-favorites while both getting odds of +600, which implies a 14.29% probability.
When is the 2025 Indy 500?
The 2025 Indy 500 will take place on Sunday, May 25.
Where is the Indy 500?
The race is held annually at the Indianapolis Motor Speedway in Speedway, Ind.
Who won the 2024 Indy 500?
Josef Newgarden won the 2024 running of the Indy 500 after overtaking Pato O'Ward on the final lap, becoming the fourth driver in the history of the race to win on a last-lap pass. Newgarden also took the Indy 500 for the second straight year. He's the sixth driver to earn back-to-back victories, and the first since Helio Castroneves in 2001-02.
Why does the Indy 500 winner drink milk?
The tradition started when Louis Meyer requested a glass of buttermilk after winning his second Indy 500 race in 1933. He did so again following his third win in 1936, and he was photographed swigging from the bottle of milk while holding up three fingers to signify the third triumph.
A local dairy company - unaware Meyer was drinking buttermilk - offered a bottle of milk to the winners of future races. Milk has been presented each year since then, apart from 1947 to 1955.
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