2024 Indianapolis 500 odds, picks and predictions

The IndyCar Series moves to the Indianapolis Motor Speedway Sunday for the 2024 Indianapolis 500 . Green flag for the 108th running of the Indy 500 is scheduled to drop shortly after 12:30 p.m. ET (NBC). Let’s analyze BetMGM Sportsbook’s lines around the 2024 Indianapolis 500 odds , and make our expert picks and predictions .

2024 Indianapolis 500: What you need to know

• Weather is an issue for Sunday’s race as scattered thunderstorms, including some potentially severe with hail, are in the forecast from 11 a.m. through 3 a.m. Monday. The chance of precipitation is 50 percent or greater for a better part of Sunday
• Arrow McLaren driver Kyle Larson is attempting to become the 5th driver to start the Indy 500 and NASCAR’s Coca-Cola 600 in the same day. The weather might negate those plans, however
• Larson was impressive in qualifying, challenging for the pole in the Fast Six, before securing the 5th starting spot after he posted a speed of 232.846 mph
• Team Penske’s Scott McLaughlin is on the pole, starting from the inside of Row 1. His teammates Will Power and Josef Newgarden , the 2023 Indy 500 winner, are alongside him on the front row
• Chip Ganassi Racing’s Alex Palou , who sits atop the IndyCar Series standings with 152 points and 4 top-5 finishes, will go off from the middle of Row 5
• 2022 Indy 500 winner Marcus Ericsson is in the middle of Row 11, the final row, in between Katherine Legge and Graham Rahal
• 2-time Indy 500 winner Takuma Sato (2017, 2020) goes off from the inside of Row 4

2024 Indianapolis 500 – Expert pick

Odds provided by BetMGM Sportsbook ; access USA TODAY Sports Scores and Sports Betting Odds hub for a full list. Lines last updated at 5:27 a.m. ET.

WILL POWER (+725) goes off from the middle of Row 1. The Team Penske driver sits 2nd in the IndyCar Series standings, and the Indianapolis 500 would be the perfect place for Power to get his 1st victory of the 2024 schedule.

While Power has been unable to secure checkers, he has 3 top-5 finishes, and 4 finishes inside the top-10. He has been very consistent, and he understands how to get to the milk on the bricks at this track. Power won the 2018 Indianapolis 500 in his Dallara DW12-Chevrolet.

2024 Indianapolis 500 Long shots

ALEX PALOU (+1300 ) has some rather long odds given the fact he sits on the perch of the IndyCar Series standings. Palou leads all drivers with 4 top-5 finishes, and he is 12 points clear of Power.

Palou will have to work his way up the grid as he starts in the middle of Row 5 between COLTON HERTA (+950) , another long-shot bet worth a look, and Callum Ilott .

Herta is tied for 3rd in the series standings with Scott Dixon (127 points), and Herta has managed a pair of top-5 finishes and 4 runs inside the top-10.

It’s a good idea to back HERTA TOP-5 FINISH (+130) and PALOU TOP-5 FINISH (+170) , too.

2024 Indianapolis 500 Prop picks

WILL POWER (-145) BEST FINISHING POSITION over Kyle Larson (+110)

There is a chance this bet turns into “no action” if Larson elects to leave Indy for Charlotte early Sunday because of weather and the start of the 500 is delayed. If Sunday’s race is a complete washout and postponed to Monday, Larson will very well likely return to Indy.

If Larson races Indy, backing a former Indianapolis 500 winner in Power over a 1st-time starter in Larson, albeit a talented one not entirely new to open-wheel racing, is the move.

Sunday 3-race parlay

MAX VERSTAPPEN to win Monaco GP (+800), POWER to win Indy 500 (+725), and TYLER REDDICK to win Coca-Cola 600 (+1000) pays 815.75 to 1 at BetMGM Sportsbook . It’s a long-shot, sure, but that’s what makes it fun. A simple $2 bet would profit $1,623.50. That’s worth a roll of the dice.

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