Indy 500 Odds 2023: Pato O’Ward, Alex Palou Among Favorites to Win Sunday’s Race

Indy 500 Odds 2023: Pato O’Ward, Alex Palou Among Favorites to Win Sunday’s Race article feature image

Photo by Jeremy Hogan/SOPA Images/LightRocket via Getty Images. Pictured: Alex Palou (2) qualifies for the 2023 Indy 500

After multiple practice and qualifying sessions, the field is now set for Sunday's Indy 500 (12:45 p.m. ET, NBC).

Track activity was quiet for most of the week until Friday's final Carb Day practice session, which gave teams and drivers one last chance to tune up their cars before Sunday's race.

Since then, Indy 500 odds have reopened and are available for betting leading up to the 107th running of the "greatest spectacle in racing."

With this in mind, let's take a look at the latest Indy 500 odds from Caesars Sportsbook, including the favorites to win at the Brickyard on Sunday afternoon.

Indy 500 Odds

*Odds as of Saturday, May 27

Alex Palou+500
Pato O'Ward+600
Scott Dixon+800
Alexander Rossi+1000
Rinus Veekay+1000
Takuma Sato+1000
Marcus Ericsson+1100
Felix Rosenqvist+1400
Josef Newgarden+1400
Santino Ferrucci+1500
Scott McLaughlin+1600
Will Power+1600
Tony Kanaan+1700
Colton Herta+2500
Kyle Kirkwood+2500
Conor Daly+3000
Helio Castroneves+4000
Romain Grosjean+5000
Ed Carpenter+5000
Ryan Hunter-Reay+6000
David Malukas+6000
Graham Rahal+6500
Simon Pagenaud+7500
Marco Andretti+7500
Benjamin Pedersen+10000
Christian Lundgaard+10000
Jack Harvey+25000
Callum Ilott+30000
Devlin DeFrancesco+40000
Sting Ray Robb+50000
Agustin Canapino+50000
Katherine Legge+100000
RC Enerson+100000

Indy 500 Favorites

Alex Palou (5-1 Odds)

Palou secured pole position for the Indy 500 on Sunday, and the Chip Ganassi Racing driver opened as the +650 favorite. He slipped to the second spot midweek but reemerged as the race favorite following Friday's session, according to live Indy 500 odds.

Pato O'Ward (6-1)

O'Ward, last year's Indy 500 runner-up, opened at 8-1 after qualifying fifth for Sunday's race. Although he shorted as the race favorite for much of the week, he's now getting +600 odds – right behind favorite Palou.

Scott Dixon (8-1)

Dixon opened at +950, but the six-time IndyCar champion's odds have since shortened to 8-1. He's been an IndyCar 500 runner-up three times, including most recently in 2020.

Alexander Rossi (10-1)

Rossi always seems to be in the mix at the Brickyard, including a win in the 2016 Indy 500. He's tied as the fourth-most likely driver to win based on his 10-1 odds.

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