Indy 500 Odds: Big Adjustments in Las Vegas Following Qualifying Results

May 23, 2019 5:00 PM EDT
Credit:

Brian Spurlock-USA TODAY Sports. Pictured: NTT IndyCar series driver Simon Pagenaud

  • Qualifying for the 2019 Indy 500 is in the books, meaning the starting lineup is set for Sunday's race (12 p.m. ET, NBC).
  • With the starting grid known, sportsbooks in Las Vegas have made massive adjustments to 2019 Indy 500 betting odds.

Following an action-packed weekend of qualifying at Indianapolis Motor Speedway, the field is set for the 2019 Indy 500.

In a shocking turn of events, two-time Formula 1 champion and international motorsports superstar Fernando Alonso failed to qualify for the race entirely after losing out on the final three spots during Sunday’s thrilling Last Row Shootout.

There was plenty of drama at the front of the field as well, as Simon Pagenaud rocketed to the pole, eclipsing Ed Carpenter who started first last year.

While Indy 500 odds have been on the move over the entire month of May, oddsmakers at the Westgate SuperBook in Las Vegas made major adjustments now that the field is locked in and starting positions are set.

Here are updated Indy 500 odds from Westgate compared to how the numbers have moved since the middle of April:

Indy 500 Betting Odds

Indy 500 Betting Odds Movement

Team Penkse drivers Pagenaud and Will Power are now co-favorites at 7-1 to win the Indy 500. Three drivers — Josef Newgarden, Alexander Rossi and Carpenter — sit just behind at 8-1.

Rookie Colton Herta has made a huge jump from 60-1 back on April 16 to 12-1 after securing the fifth spot on the starting grid.

Spencer Pigot (60-1 to 12-1) and Ed Jones (40-1 to 20-1), whom we suggested betting on Friday after his odds floated to 50-1 before the weekend, also made big moves after qualifying third and fourth, respectively.

On the other end of the spectrum, poor qualifying runs kicked James Hinchcliffe’s odds from 16-1 on Friday to 40-1 and Kyle Kaiser’s from 50-1 to 500-1.

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