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
| Driver | Odds |
|---|---|
| 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.
