IndyCar Indy 500 Auto Racing

Alex Palou (10), of Spain, will lead the field to green for the 107th running of the Indianapolis 500 at Indianapolis Motor Speedway on Sunday, May 28. (AP Photo/Michael Conroy)

betting nola website logo

The 2023 Indianapolis 500 will be the 107th running of the historic race, and the 33-car field appears to be more competitive than ever.

Qualifying saw record lap times put down, as Chip Ganassi Racing’s Alex Palou is set to lead the field to green after recording the fastest qualifying time in the history of Indianapolis Motor Speedway at 234.217 mph.

There was also plenty of drama to see who would make the field, as IndyCar series veteran Graham Rahal was left out after his teammate Jack Harvey delivered on a last-second qualifying effort, but Rahal ended up back in as a fill-in replacement for the injured Stefan Wilson.

Palou and Pato O'Ward are the early betting favorites to win the 500 at Caesars Sportsbook, official odds partner of Bet.NOLA.com, and we’ve got the odds for all 33 drivers listed in the order of where they’ll be starting on Sunday.

107TH INDIANAPOLIS 500 FULL FIELD ODDS

Includes starting position, (car number), driver name (R-rookie; W- previous Indy 500 winner), race team/engine and odds to win the race

ROW 1

1 (10) Alex Palou, Chip Ganassi Racing Honda (+600)

2 (21) Rinus VeeKay, Ed Carpenter Racing Chevrolet (+1000)

3 (6) Felix Rosenqvist, Arrow McLaren Chevrolet (+1200)

ROW 2

4 (14) Santino Ferrucci, A.J. Foyt Racing Chevrolet (+1500)

5 (5) Pato O’Ward, Arrow McLaren Chevrolet (+500)

6 (9) Scott Dixon (W), Chip Ganassi Racing Honda (+700)

ROW 3

7 (7) Alexander Rossi (W), Arrow McLaren Chevrolet (+900)

8 (11) Takuma Sato (W), Chip Ganassi Racing Honda (+1100)

9 (66) Tony Kanaan (W), Arrow McLaren Chevrolet (+1700)

ROW 4

10 (8) Marcus Ericsson (W), Chip Ganassi Racing Honda (+1100)

11 (41) Benjamin Pedersen (R), A.J. Foyt Racing Chevrolet (+7500)

12 (12) Will Power (W), Team Penske Chevrolet (+1600)

ROW 5

13 (33) Ed Carpenter, Ed Carpenter Racing Chevrolet (+5000)

14 (2) Scott McLaughlin, Team Penske Chevrolet (+1500)

15 (27) Kyle Kirkwood, Andretti Autosport Honda (+2500)

ROW 6

16 (20) Conor Daly, Ed Carpenter Racing Chevrolet (+3000)

17 (2) Josef Newgarden, Team Penske Chevrolet (+1400)

18 (23) Ryan Hunter-Reay (W), Dreyer and Reinbold Racing Chevrolet (+6000)

ROW 7

19 (28) Romain Grosjean, Andretti Autosport Honda (+4500)

20 (06) Helio Castroneves (W), Meyer Shank Racing Honda (+5500)

21 (26) Colton Herta, Andretti Autosport Honda (+2000)

ROW 8

22 (60) Simon Pagenaud (W), Meyer Shank Racing Honda (+5000)

23 (18) David Malukas, Dale Coyne Racing Honda (+4000)

24 (98) Marco Andretti, Andretti Autosport Honda (+6000)

ROW 9

25 (29) Devlin DeFrancesco, Andretti Autosport Honda (+30000)

26 (78) Agustin Canapino (R), Juncos Hollinger Racing (+25000)

27 (77) Callum Ilott, Juncos Hollinger Racing (+25000)

ROW 10

28 (50) R.C. Enerson (R), Abel Motorsports Chevrolet (+30000)

29 (44) Katherine Legge, Rahal Letterman Lanigan Racing Honda (+30000)

30 (45) Christian Lundgaard, Rahal Letterman Lanigan Racing Honda (+10000)

ROW 11

31 (51) Sting Ray Robb (R), Dale Coyne Racing Honda (+30000)

32 (30) Jack Harvey, Rahal Letterman Lanigan Racing Honda (+20000)

33 (24) Graham Rahal, Dreyer and Reinbold Racing Chevrolet (+5000)

Odds from Caesars Sportsbook as of Tuesday, May 23

Gambling Problem? Call 1-877-770-STOP. Or visit this website.

Email Spencer Urquhart at surquhart@theadvocate.com. Follow all our Bet.NOLA sports betting coverage on TikTokInstagram, and Twitter.