2022 Indy 500 Odds and Race Predictions

2022 Indy 500 Odds and Race Predictions

The 106th Indianapolis 500 is on for Memorial Day Weekend this Sunday. The first green flag is set to fly at 12:45 p.m. EST to open the Indianapolis 500 at Indianapolis Motor Speedway. In what many people consider the biggest auto race in the United States, we have the best Indy 500 odds at TheSportsGeek.

IndyCar has seen an increased interest in racing. They’re seeing their best TV ratings in almost 20 years this year. IndyCar is riding the popularity of Formula 1 in the US and picking up new fans with F1.

IndyCar and F1 are both great in their own ways, with it good to see more people are paying attention to open-wheel racing in the US. If you are looking for F1 betting sites, we have you covered there as well.

F1 is a worldwide event, while IndyCar isn’t the biggest outisde of North America. That said, IndyCar has some fast and entertaining tracks, with none faster than the Indianapolis 500.

The fastest speed in qualifying last weekend was Scott Dixon’s blazing hot four-lap average of 234.046 mph. This speed broke Scott Brayton’s record of 233.718 mph in 1996.

After he put on that show last weekend, Dixon is the Indy 500 odds favorite. The rest of the Indy 500 betting odds don’t carry many surprises, either.

NASCAR fans will recognize Jimmie Johnson. The retired NASCAR driver qualified for the Indianapolis 500 in his career.

This isn’t his specialty and it’s more of a bucket list item, but at +1600 to win, the oddsmakers and public feel reasonably confident with a fast car.

Will Power leads the IndyCar Series standings with 170 points. He doesn’t have a win, but Power is rewarded for his consistency with five top-5 finishes. Power was in the top-5 for every assignment in five IndyCar Series races this season.

Colton Herta is coming off a win in the GMR Grand Prix on the road course at Indianapolis Motor Speedway. He’s the fourth different winner this season, with Josef Newgarden winning back-to-back races at Texas and Long Beach.

Who Won The Indy 500

We will take a look at past winners of the Indianapolis 500. This is the most prestigious race an IndyCar driver can win in his career.

Sometimes we see NASCAR drivers drive this race early in the day and then fly out if they can for their Cup Series event for Double Duty.

It’s a race that any driver would like to have on their career resume. Veteran Helio Castroneves is looking for back-to-back Indy 500s and his fifth title at Indianapolis Motor Speedway.

Castroneves holds the record for most wins in the Indy 500 with four. Let’s go through who won the Indy 500 since the 2008 season.

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Year Driver Team
2021 Helio Castroneves Meyer Shank Racing
2020 Takuma Sato Rahal Letterman Lanigan Racing
2019 Simon Pagenaud Team Penske
2018 Will Power Team Penske
2017 Takuma Sato Andretti Autosport
2016 Alexander Rossi Andretti Herta Autosport
2015 Juan Pablo Montoya Joe Gibbs Racing
2014 Ryan Hunter Reay Andretti Autosport
2013 KV Racing Technology Tony Kanaan
2012 Dario Franchitti Chip Ganassi Racing
2011 Dan Wheldon Bryan Herta Autosport
2010 Dario Franchitti Chip Ganassi Racing
2009 Helio Castroneves Team Penske
2008 Scott Dixon Chip Ganassi Racing

Indy 500 Betting Odds

The odds to win the Indy 500 aren’t going to catch anyone off-guard this year. Perhaps the most surprising name on the Indy 500 odds board this high is Jimmie Johnson.

After running well in qualifying for P12 and practice sessions, he appears to have a fast car. However, Johnson has never qualified for an Indy 500 before and doesn’t have much experience in the IndyCar Series.

Johnson is a tremendous stock car driver and will go down as one of the best in NASCAR history, though I wouldn’t have his Indy 500 betting odds at +1600 to win. That’s the eighth-best odds to win the Indy500. The same odds to win the Indy 500 as Will Power? I don’t know.

Scott McLaughlin and Colton Herta didn’t have the best qualifying, but they’ve won this season and have worse odds than Johnson. I do agree with Dixon as the top driver on the Indy 500 odds board, though. He won’t be beaten if his car is as fast as last week and he doesn’t run into bad luck.

Indy 500 Odds are Courtesy of Bovada:
Odds Driver Team
+550 Scott Dixon Chip Ganassi Racing
+700 Alex Palou Chip Ganassi Racing
+1100 Pato O’Ward Arrow McLaren SP
+1100 Rinus VeeKay Ed Carpenter Racing
+1200 Josef Newgarden Team Penske
+1400 Marcus Ericsson Chip Ganassi Racing
+1500 Takuma Sato Dale Coyne Racing
+1600 Jimmie Johnson Chip Ganassi Racing
+1600 Will Power Team Penske
+1800 Colin Herta Andretti Autosport
+2000 Ed Carpenter Ed Carpenter Racing
+2000 Scott McLaughlin Team Penske
+2000 Tony Kanaan Chip Ganassi Racing
+2200 Felix Ronenqvist Arrow McLaren SP

Indy 500 Best Picks

Takuma Sato (+1500)

It’s hard to look away from Takuma Sato at these odds to win the Indy 500. He is a two-time winner in this race and knows his way around this track.

This isn’t a long time back that Sato won, either. He won in 2017 as the first Japanese-born driver to win the Indy 500. Three years later, Sato did the same at Indianapolis Motor Speedway.

Sato isn’t a top favorite to win the 2022 Indy 500, but I’d put his chances at better than +1500 to notch his third win. He was in fine form in qualifying and practice laps.

Sato qualified P10 to start within striking distance of the front of the grid. After sweeping three practice sessions last week, he had the fastest car going into qualifying.

He was fast on Friday, with Sato clocked at faster than 232 mph. While Sato couldn’t stay that hot for qualifying, a respectable P10 gives him a strong starting position on Sunday.

Sato has a fast car and is a driver that has handled the Indy 500 twice in recent memory. Sato is a serious value play at these odds to win the Indy 500.

Indy 500 Odds

Marcus Ericsson (+1400)

Marcus Ericsson is going into Sunday as another strong value pick for the Indy 500. He’s been running well through five races this season.

Ericsson has two top-5 finishes and is likely going to be a threat in the 2022 Indy 500 on Sunday.

The Swede started P9 and placed P11 in the Indy 500 last year. He qualified in similar form in his first two Indy 500s as well in 2020 and 2019, but fell out of contention with bad cars.

This is the best starting position for Ericcson on the grid at the Indy 500 in his IndyCar career. Ericsson is P5 on the grid to open the race on Sunday and has his best car to date this year.

The former F1 driver from 2014 to 2018 should continue to improve in his IndyCar career. With good value at +1400, Ericsson is a player on Sunday. A career-changing win in the Indy 500 isn’t out of the question for him.

Indy 500 Odds

Indy 500 Race Prediction

Scott Dixon (+550)

The 2008 Indy 500 winner has a great chance to add another title to his resume. Dixon was blazing fast in qualifying and continues to run a quick car in practice at Indianapolis Motor Speedway.

Dixon left no doubts who has the fastest car, as he broke the pole speed record at 234.046 mph. This was a record that went back to 1996.

It wasn’t just qualifying where Dixon was flying. In eight practice sessions, Dixon was the fastest or second-fastest in every outing. In the most recent on Monday, he was second behind teammate Alex Palou.

He was just slightly slower than Palou after running the fastest in the seventh practice round.

Dixon is 5th in the IndyCar Series standings heading into this weekend. He has finished in the top-10 in all five races and top-2 in two. If Dixon runs a clean race, he should consistently be the best around 200 laps at Indianapolis Motor Speedway.

Indy 500 Odds
Kyle E / Author

Kyle is a veteran of TheSportsGeek and has spent nearly a decade providing accurate sports picks and writeups here. He has been a sports handicapper for 10+ years and started sharing his picks and thoughts in 2011 at TheSportsGeek. His expertise spans across multiple sports, including the NFL, NCAAF, MLB, NHL, and horse racing. Prior to writing for TheSportsGeek, Kyle was a fantasy football expert, who ultimately parlayed it into a successful sports betting career. You can find his picks daily only at TheSportsGeek.

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