Top Indy 500 Sportsbook Promotions For Online Sports Betting

Top Indy 500 Sportsbook Promotions For Online Sports Betting

Published Date · May 10, 2022 · Last Updated · Dec. 14, 2022 ·Read Time · 3 mins

The Indianapolis 500, or most known to the fans as the Indy 500, is the premier event of the IndyCar Series. Held at the Indianapolis Motor Speedway (nicknamed the “Brickyard”) in Speedway, Indiana, the race has been held since 1911, where the original track was paved in brick. This legendary race is usually held over Memorial Day weekend, which takes place in the last weekend of May. The 2022 Indy 500 brings about the same sort of excitement that previous years have had. The winner of the 2021 Indy 500, Helio Castroneves, has the 8th best odds to win the race at +1600. There are currently 4 participants that are the odds on favorites to win the race, all tied at +800 odds. These racers are Scott Dixon, Josef Newgarden, Colton Herta, and Alex Palou. Let's take a look at the top promotions for the Indy 500 from some of our favorite sportsbooks.

FanDuel Sportsbook

Some of the best Indy 500 betting odds that the online sportsbooks have to offer are at FanDuel Online Sportsbook. Whether you’re betting on a fan favorite like Scott Dixon or a long shot like Jimmie Johnson, FanDuel allows you to make these bets. And with their latest welcome offer, you can dive into the Indy 500 betting action immediately. If you’re a new customer at FanDuel Sportsbook, you get your first bet risk free, up to $1,000. That means making a bet is a win-win. If your bet pays out, you’re good to go. If you lose, you get your money back in site credit to make your next Auto Sport pick.


With less than a month until the big race, it’s important that you shop around online sportsbooks in order to find the best odds. BetMGM Sportsbook is a bit different from other sportsbooks as they only have 2 racers as their favorites to win instead of 4; Scott Dixon and Josef Newgarden (+700). With their welcome offer, players are offered a risk-free bet, of up to $1,000. Whether the bet is $10 or $1,000, you can bet freely when you know that even if you lose, you’ll still be able to get your money back in free bets to make more Indy car races throughout the year.  


When new users deposit for the first time on DraftKings sportsbook, they can get a deposit bonus of up to $1,000. With only a minimum deposit of $5, DraftKings will give you 20% in bonus dollars of whatever your initial deposit is. Deposit $200? Get $40 in bonus funds to be used on either who you believe will win The Indy 500 or any other bets available on the DraftKings sportsbook site. DraftKings has two favorites at the top, with both Josef Newgarden and Alex Palou having the best odds at +700.


Unibet Online Sportsbook currently has the best odds for even the top racers that are competing in the Indy 500. With +800 odds for even the most favored racer, it’s hard not to look towards Unibet as your online sportsbook. To put you at ease for making your first wager at Unibet, they’re offering a risk-free offer for new players. When you make your first deposit and make a wager of a minimum of $10, you’re in the clear. If you win, congratulations. If you lose, Unibet will pay you back your original bet, up to $250 in cash. Not bonus bets or site credit like most sports betting operators, but actual, withdrawable cash into your account if your bet doesn’t hit. It’ll be like you never lost at all.


When new users join today with Betway Online Sportsbook with a minimum deposit of $10, they get 50% of the first bet they lose. It doesn’t matter if it’s your first bet or 10th at Betway Sportsbook; your first loss is credited back to you by 50%, up to $1,000. Imagine the freedom of being able to bet on your favorite Indy car racer, knowing that your first loss has a safety net behind it.


Ian Dincuff

US Content Writer