May 24, 2024 3 min read

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2024 Indianapolis 500 Odds, Time, and Prediction

The 108th edition of the Indianapolis 500 race will be held on May 26. Same as all previous races, the 2024 Indy500 will take place at the Indianapolis Motor Speedway, where more than 250,000 spectators are expected to gather this coming Sunday

Sunday, May 26, 2024, is a fantastic day for motorsports fans as two big races are on the program that day. The Coca-Cola 600 NASCAR race, which we have previewed as well, is one of those. The other one is the 2024 Indy500, which we will preview now.

2024 Indy500 Odds

DriverOdds
Scott McLaughlin+510
Josef Newgarden+540
Will Power+660
Kyle Larson+720
Patricio O’Ward+970
Alexander Rossi+1100
Alex Palou+1125
Colton Herta+1425
Scott Dixon+1625
Rinus Veekay+1750
Santino Ferrucci+1925
Felix Rosenqvist+2200
Kyle Kirkwood+2500
Takuma Sato+3200
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When, Where, and How to Watch?

  • Place: Indianapolis Motor Speedway in Speedway, Indiana
  • Date: Sunday, May 26, 2024
  • Time: 12:45 p.m. ET
  • How to Watch: NBC

Can Kyle Larson Do Double Duty?

On May 26, Kyle Larson will attempt to complete both races – the Coca-Cola 600 and Indy500. It’s very likely that he will manage to do “double duty”, but can he win these races?

He’s the No. 1 favorite to win the NASCAR race, while his 2024 Indy500 odds suggest he’s one of the top 4 favorites. Sure, he’s definitely a fantastic driver, but we doubt he can pull off such a historic feat.

Sure, he might win the NASCAR race given that the Cup Series is his No.1 focus, but we really doubt he can win the Indy500 on the same day. Instead, the three drivers who are given shorter Indianapolis 500 odds than Larson look significantly more likely to win.

Those drivers are, namely, Scott McLaughlin, Josef Newgarden, and Will Power. They’re all elite IndyCar Series drivers, so any of them winning wouldn’t be much of a surprise. However, it’s Newgarden that we think has the best chance to win.

Reasons Why Scott McLaughlin is Favored to Win

Scott McLaughlin is currently sitting at the top of the list of the 2024 Indy500 favorites. The main reason for this is that he’s the one to win the pole position in the qualifying session.

The thing about IndyCar Series races is that the pole winners usually end up winning the race. This season, it’s happened in three of the five races. In one of those, McLaughlin was the one who won both the pole position and the No. 1 spot on the podium.

Alex Palou Is Having the Season of His Life

Scott McLaughlin has won one race this season, but it’s Alex Palou who’s been the most impressive driver in the 2024 IndyCar Series. The Spaniard is sitting at the top of the table with two wins to his name so far.

The bad news for the guy ahead of the Indianapolis 500 race is that he doesn’t have good memories from this event. He’s never won it before, and he might not do it this time either.

The thing is that he didn’t do great in the qualifying practice, earning himself the middle spot in the 5th row. In simple terms, this means that there are 13 drivers with a better starting position than him.

Reasons Why Josef Newgarden Is Our Top 2024 Indy500 Pick

Josef Newgarden is an American driver competing under the banner of Team Penske, which is the most successful team in the history of Indy500 with 19 wins. The last of those was produced by Newgarden last year. Can he do it again? We think he might. 

He’s a fantastic driver who loves driving in Indianapolis. He’s also very motivated to win this race as it would be his first win of the season. Finally, he’s done okay in the qualifications, booking the outside spot in the 1st row.

Pick: Josef Newgarden

Journalist

Jessie is our resident sports specialist with over 4 years of experience in sports journalism. She's worked with several prominent online sports news outlets in the past and has accrued specialist insight across a wide range of sports markets. Combined with her own love and excitement of sports, having competed at a national level during college, she aims to improve sports coverage value for our readers at GamblingNews.

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