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One of the cherished American traditions on Memorial Day weekend has been the Indianapolis 500.
The upcoming Sunday will witness the commencement of the 106th installment of the renowned Indy 500, hosted at the Indianapolis Motor Speedway.
No matter if you are a seasoned bettor of the Indy 500 or a novice, we have everything you need for Sunday’s race.
How to watch the 2022 Indianapolis 500
- What is happening: The 2022 Indianapolis 500.
- Sunday, May 29th
- The location is Indianapolis Motor Speedway.
- Type of track: Oval.
- The distance of the race is 500 miles.
- The event begins at 12:45 p.m.
- The TV broadcast on NBC will commence at 11 a.m. ET.
- SiriusXM brings you the exciting world of INDYCAR racing on INDYCAR Radio.
- Peacock offers online viewing options.
- The weather forecast predicts a sunny day with a high temperature of 81 degrees and a low chance of rain.
Dixon, Palou among the Indy 500 favorites
The oddsmakers’ favorites to win the 2022 Indy 500 include several well-known names.
Scott Dixon and Alex Palou, who were favored in 2021, are now being regarded as the leading candidates this year.
Different oddsmakers have differing opinions on the other top contenders, but let’s take a look at the consensus top 5 and their odds across different operators.
| Indy 500 Odds | Scott Dixon | Alex Palou | Patricio O’Ward | Josef Newgarden | Rinus Veekay |
|---|---|---|---|---|---|
| DraftKings | +550 | +600 | +900 | +1200 | +1100 |
| FanDuel | +650 | +850 | +1200 | +1000 | +1500 |
| BetMGM | +500 | +700 | +800 | +1000 | +1000 |
| Caesars | +400 | +450 | +850 | +1000 | +1200 |
| BetRivers | +550 | +700 | +1100 | +1200 | +1100 |
Dixon owns pole position at Indy 500
Scott Dixon will once again begin the Indy 500 from the pole position, marking his second consecutive year in this prime starting position.
Dixon’s starting position at the front for the fifth time doesn’t guarantee success, as evidenced by last year’s race where he finished in 17th place.
On Sunday, Dixon will be participating in his 20th Indy 500. His sole victory in this prestigious race occurred in 2008, where he triumphed from the pole position.
As of 2022, Dixon currently holds the fifth position in the IndyCar point standings. However, he has not managed to secure a higher placement than fifth in any of the five races completed so far.
Castroneves seeks Indy 500 history
On Sunday, the 2021 champion, Helio Castroneves, stands poised to establish a groundbreaking milestone in the illustrious history of the Indy 500.
The current record holder with four victories in this race is aiming to make history by winning an unprecedented fifth Indianapolis 500.
After a gap of 12 years, Castroneves secured his fourth Indy 500 victory. However, his chances of winning again are not high, as he is considered a underdog to defend his championship title. Both DraftKings Sportsbook MI and BetMGM Michigan have listed him at +2800 odds to win.
Winning the Indy 500 consecutively is a familiar feat for the Brazilian, as he achieved this remarkable accomplishment in 2001 and 2002, being the last driver to do so.
Jimmie Johnson makes Indy 500 debut
Even if one isn’t well-versed in IndyCar Racing, the name Jimmie Johnson should still ring a bell.
On Sunday, the first-ever participation of the seven-time NASCAR Cup Series champion will take place as he competes in the Indianapolis 500.
Last year, he participated in a total of 12 IndyCar races, which included the two races held at Belle Isle in 2021. In the current year, Johnson has taken part in all five races conducted in the series.
The NASCAR veteran has not seen any positive outcomes so far, as he has consistently finished 20th or worse in four out of the five races. Moreover, in his 17 IndyCar appearances, he has never managed to secure a spot in the top 5.
In most cases, oddsmakers are still listing Johnson as a +1600 underdog to win the race.
Johnson’s accomplishments include winning the Brickyard 400, NASCAR’s prestigious annual race held at the Indianapolis Motor Speedway, a remarkable four times.
Local blackout of Indy 500?
Although sports bettors in Michigan will face no problems accessing live coverage of the Indianapolis 500, the situation is different in other locations.
Residents in central Indiana may experience a lack of live race coverage this year as the Indianapolis Star reports that the Indianapolis Motor Speedway (IMS) is unlikely to sell out its approximately 240,000 reserve grandstand seats for Sunday’s race. Consequently, a local blackout will occur during the event.
The blackout occurrence is infrequent, with only five live broadcasts in central Indiana out of 105 races. Nevertheless, the last two years, attributed to the pandemic, were among those exceptions.
Despite an expected attendance of over 300,000, the race may still potentially be blacked out.
How to bet on the Indy 500?
Although there are differences between organizations like NASCAR, Formula 1, and IndyCar, the betting options for all motorsports are quite similar.
Below, you will find the various types of bets that are typically available for the Indy 500, as well as for IndyCar racing in general.
- Outrights: Place a wager on a driver’s victory in the race. Reserve the bet at the prevailing moneyline odds. IndyCar outrights consistently present favorable odds as there are no clear favorites to win. The numerical value represents the potential winnings for each $100 bet.
- In driver matchups/groups, you can place bets on one driver competing against another or in a group of drivers. The bet will be based on the current moneyline odds. There is no requirement to select winners; simply predict which driver will finish ahead in a head-to-head scenario or out of a group of drivers.
- If you lack confidence in a driver’s ability to win, you can frequently discover odds that allow them to secure a podium or a top-five finish at more favorable odds.
- As the race draws near, additional betting options emerge. You may come across odds for over/under finishing positions, fastest lap probabilities, or even live betting opportunities. Moreover, there will be prop odds related to the race itself, such as the number of caution flags, the brand of the winning car, and other similar factors.
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