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2016 Indianapolis 500 Odds, Preview and Predictions

2016 Indy 500 BettingWhen: Sunday, May 29th 2016 at 12:00 PM ET
Where: Indianapolis Motor Speedway in Indiana
Watch: ABC

THE 100th running of the Indianapolis 500 is this Sunday. James Hinchcliffe earned the pole position for the race, which is remarkable, as Hinchcliffe was in a serious accident during an Indy 500 practice last year. He has bounced back incredibly from the accident and what a story it would be if Hinchcliffe was able to win his first Indianapolis 500 race.

Josef Newgarden claimed the provisional pole, as he qualified just ahead of Ryan Hunter-Reay. Race-favorite Will Power will start in sixth place. Last year’s Indy 500 winner Juan Pablo Montoya will start in 17th place. Helio Castroneves will begin the race in ninth place and attempt to win his fourth Indy 500 race, which would tie the record.

Castroneves already leads all active drivers with three Indy 500 wins, but he could join legends A.J. Foyt, Al Unser Sr. and Rick Mears with four wins if he’s victorious in 2016. There are plenty of storylines heading into the race on Sunday. Let’s take a look at the race winner odds and then get into my predictions for the Indianapolis 500.

Odds to win the 2016 Indy 500

The odds below are from the Bovada Sportsbook (50% Bonus for up to $250). Americans can wager on the race winner and various other markets, including top 3 finish and my favorite, match-up bets.

2016 Indianapolis 500 Odds

Power and Simon Pagenaud are both co-favorites at 6/1 odds. Montoya, Scott Dixon and Castroneves are all paying under 10/1 odds to win the 500-mile, 200-lap race. You can’t count out several long shots either. Graham Rahal is having a great season, while Marco Andretti and J.R. Hildebrand are always threats to take the checkered flag.

2016 Indy 500 preview and picks

The pole winner has gone on to win the race 20 times out of 99 races. The winner has come from the front row in 42.42% of past Indianapolis 500 races. That’s quite the trend. Unless something changes prior to Sunday, Hinchcliffe (10/1) and Newgarden (12/1) are starting in the front row and both drivers offer plenty of value.

Hinchcliffe has started all five races in 2016 – he has three top 10 finishes and one top 5 finish. He hasn’t led a single lap this season, though. The Canadian is a four-time IndyCar Series winner, but despite earning pole position, winning the biggest race of the year may be out of his reach this year.

I won’t be betting on Newgarden either. First off, he has never won an IndyCar Series races and he’s in his fifth season. In 2016, Newgarden has had five starts, finishing in the top 10 three times and in the top 5 once. Like Hinchcliffe, the young American driver hasn’t led a lap this season. He’s unlikely to break his goose egg in the Indy 500.

Power is still trying to win his first Indy 500. Power has 25 career wins in the IndyCar Series, he has 43 total poles and he even has one championship, but the Indy 500 win has eluded the Australian. Power has three top 10s and two top 5s in four races this year, but he hasn’t won. He’s starting close to the front and is a deserving favorite.

It has been a nice return to Team Penske for Pagenaud in 2016. He’s having a career season. He has already won three races and he has been in the top 5 in all five races this year. Like Power, the Indy 500 title has eluded him, but Pagenaud now has seven wins and one championship on his growing list of accomplishments.

Montoya may be a popular pick this week, but I’d avoid him after his poor qualifying performance. He’ll need to navigate plenty of traffic just to reach the leaders and that’s never an easy task. The Colombian driver has won two Indy 500 races and 15 career IndyCar Series races, including one win this season, but he has started to struggle a bit since the win.

Hildebrand (33/1) looks tempting at this price, but he rarely does well in the Indianapolis 500. He finished 2nd place in 2011, but since then he has finishes of 14th, 33rd, 10th and 8th place. He has been getting closer to reaching the podium again, but this year he’ll start back in 15th place and have to navigate lots of traffic with Montoya.

My second bet is Hunter-Reay who qualified in third place and will likely have no problem beating the two drivers in front of him. He’ll have trouble holding off the favorites, such as Pagenaud and Power, but at 16/1, I can’t pass him up. He won this race in 2014 and finished 3rd in 2013. He’ll bounce back from his 15th place finish last year.

ScottThis article was written by Scott

Scott is one of the original degenerates working for MobileSportsBetting.com. Although he's most successful betting on NFL football and international soccer, he's also active in UFC and NHL hockey betting.

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