2018 Indy 500: What to Look for Before Betting
On Sunday, May 27th, the 102nd running of the Indianapolis 500 will be live from the Indianapolis Motor Speedway in Speedway, Indiana. The world’s most popular race is 500 miles of intense speed and fast-paced action. Over thirty drivers will battle throughout 200 laps around the revered 2.5-mile IMS track.
The Indy 500 is a racing tradition unlike any other. For the last 44 years, it’s become an annual fixture on the Sunday of Memorial Day weekend. In fact, you can’t think of the holiday weekend without BBQs, family and friends, summer’s official kickoff, and racing.
This year, the Indy 500 is loaded with many exciting drivers and their unique quests to win the race, kiss the bricks, get drenched with milk, and have their face immortalized on the Borg-Warner Trophy. With such a tight field of elite drivers, there may be some challenges when trying to pick the winner. But before we jump right to who we think will win the race, let’s get our ducks in a row by identifying the best Indy 500 betting sites, the types of bets you can choose from, betting tips, and more.
Here are the top sites we recommend for betting on the 2018 Indy 500:
For the 53rd straight year, the Indianapolis 500 will be televised on ABC. Sadly, this marriage will be ending next year, as the race will move to NBC as part of a new racing platform on the peacock. Since the early 1950s, the race has been broadcasted over the radio in its entirety.
Where to Bet
Even if you are already signed up with a reputable site, we strongly recommend that you consider one of the excellent Indy 500 betting sites on our list, and here’s why:
Not only are these sites reputable, but they’re also reliable every time you visit them. Quickly and easily find where the Indy 500 racing odds are, place bets without any confusion, and enjoy smooth interfaces and dependable software that won’t crash you out of the race.
All of the sites on our list offer fantastic bonuses. Take advantage of these bonuses by signing up for a new account, and hopefully you can use the bonus to wager on the big race.
Deposits and Withdraws
These Indy 500 betting sites offer a wide range of deposit options in order for you to fund your accounts in the most convenient way possible. Rest assured that all transactions are safe and secure via industry-leading encryption and protection. Each site also offers a selection of methods for withdrawing your winnings. And, hopefully, after reading through this guide, you will be withdrawing a healthy amount.
Nobody likes poor customer service. That’s why we’ve made sure to only include betting sites that have excellent customer service. Like your favorite Indy 500 driver or racing team’s pit crew, these betting sites will help you with whatever is needed.
Types of Bets
Another reason why these betting sites made our list is because they offer many different types of wagers on the Indy 500, including those named below.
Indy 500 Winner
The most simple and common Indy 500 wager is picking the winner. Whether you’re an experienced bettor or a casual one, it’s very easy to understand how this wager works. All you have to do is pick who you think will win the race. Depending on the driver, the odds and payouts can range from small to large. For example, the favorites typically range from 2-to-5:1 odds, and the longshots can be over 1000-to-1 odds. Can you imagine placing a $10 bet on the longshot that wins this race?
Pay attention to where the drivers start the race, which is determined by their qualifying efforts. Roughly 40% of all drivers who have won this race have started the race in the first row.
Indy 500 Matchups Wagers
Matchup wagers are enjoyable bets that allow you to focus on a few drivers instead of one or the entire field. These types of bets group a few drivers together, and it’s your job, should you choose it, to pick the driver who has the best finish. Typically, matchup wagers consist of 3 to 6 drivers. You may also find a site that has your favorite driver in a few different matchups.
Indy 500 Podium Bets
Some betting sites offer podium wagers, which allows users to pick a driver that they think will finish in the top 3 for the race. This type of bet is a bit easier than picking the outright winner because you are predicting that a driver will finish in the top 3, not necessarily win the race. With that said, the odds usually reflect the improved chances of winning your wager. For example, a driver might be listed at 20-1 to win the race. However, they might be listed at 5-1 to finish in the top 3.
Indy 500 Props
Indy 500 prop bets add excitement to a race, as they give bettors additional opportunities to win some money regardless of who wins the race. Some sites might consider podium bets as a prop bet, but since we’ve already covered them, let’s take a look at some other popular Indy 500 props:
- Who will lead the most laps?
- Who will be the first driver to DNF?
- Will Driver A lead any laps?
- Over/Under number of drivers to DNF
- Over/Under number of laps completed
- Over/Under number of caution flags
As you can see, these bets don’t have anything to do with what driver wins the race, but they do require some understanding of racing, recent trends, and a familiarity with the drivers in the field. With that in mind, you will also notice how these prop bets can make the Indy 500 even more enjoyable.
Indy 500 Live Betting
Live betting is one of the most exciting types of wagers available to bettors. Not all sports betting sites offer this type of wagering. Only the cream of the crop do, and it’s another reason why we recommend checking out our list of the best Indy 500 betting sites.
Indy 500 live betting allows you the option of betting on various props each and every lap. For example, you can bet on a driver to lead the current lap or the next one. Additionally, you can also bet on when drivers will pit stop, if any drivers will crash on that lap, and more.
If you find prop bets to be a lot of fun, live betting takes the excitement to a whole new level. However, we must warn you that it’s easy to lose track of your wagers during live betting. It takes self-discipline and a commitment to managing your bankroll in order to become successful live betting on the Indy 500.
Indy 500 Line Shopping
At GamblingSites.org, we’re huge proponents of line shopping. For those unfamiliar with this term, line shopping is the process where you search through different sports betting sites to find the best lines available in order to give yourself the best chance at winning your bet. Additionally, line shopping will help you to find the best odds and payouts. For example, if Site A has Danica Patrick at 10-1 odds to win the Indy 500 and Site B has her at 20-1 odds, you would go with Site B because your payout would be larger. If you didn’t browse through different sports betting sites, you would’ve been stuck at lower odds and lower payouts.
In order to really capitalize on line shopping, you must have accounts at different betting sites. We recommend 3-4 accounts to maximize your potential for winning.
Indy 500 Betting Odds
Like lead changes in the race, the Indy 500 betting odds will evolve with each practice session and news story between now and the actual start of the race. Here’s an early look at the Indy 500 driver odds. We recommend that you continue to monitor the odds and lines until you find the value that you are looking for.