Indy 500 Favorites to Win, Top 10 Payouts on PrizePicks

The Indy 500 takes place on Sunday, May 24, with the green flag signaling race start at 12:45 p.m. ET. FOX begins official coverage of the race at 12:30 p.m. ET.

This race expects to see many twists; in fact, it’s already dished out a few. Alexander Rossi suffered several injuries stemming from a brutal accident on Monday. Rossi, if he can drive, will have a backup car. The weather condensed qualifying to one day and potentially threatens Carb Day on Friday and Race Day on Sunday.

Ahead of Sunday’s race day, we’ll take a look at the payouts per position from favorites to win the Indy 500, to the podium, to Top 10 finishes on PrizePicks Team Picks. 

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Indy 500 Payouts Per Position on PrizePicks

With PrizePicks Team Picks, you can get right into the race with a wide range of payouts available. The Indy 500 is one of those races where almost any driver can win. 

Historically, two drivers won the race from the 28th position on the starting grid. The 110th running of the Indy 500 on Sunday is truly capable of delivering another surprise.

The bottom half of the field (17th-33rd) has produced 15 winners. Less popular positions mean increased payouts on PrizePicks. 

Payout multipliers listed below (like 2x) indicate real-money earnings if your IndyCar predictions are correct; for example, 2x on a $100 entry pays $200 if correct on PrizePicks Team Picks — available in 35 states, including Indiana. “Yes” payouts represent a specific outcome occurring, whereas "No" payouts indicate the opposite.

Below, we’ll look at Indy 500 payouts found on PrizePicks Team Picks for several positions, including favorites to win the Indy 500, Top 10 finishes, and who will finish in the Top 3 and place on the podium.

Indy 500 Top 10 Payouts for Sunday, May 24

Let’s begin with Top 10 payouts for the Indy 500 on PrizePicks Team Picks. Here's a list for Sunday’s race.

• Alex Palou – Yes 1.11x | No 3.12x
• Pato O’Ward – Yes 1.19x | No 2.7x
• David Malukas – Yes 1.21x | No 3.22x
• Scott McLaughlin – Yes 1.29x | No 2.32x
• Josef Newgarden – Yes 1.29x | No 2.43x
• Alexander Rossi – Yes 1.4x | No 2.17x
• Felix Rosenqvist – Yes 1.44x | No 1.96x
• Scott Dixon – Yes 1.51x | No 1.96x
• Conor Daly – Yes 1.53x | No 2.17x
• Santino Ferrucci – Yes 1.56x | No 2.12x
• Kyle Kirkwood – Yes 1.81x | No 1.47x
• Christian Rasmussen – Yes 1.96x | No 1.4x
• Takuma Sato – Yes 2.08x | No 1.44x 
• Marcus Ericsson – Yes 2.08x | No 1.35x

Team Picks data is live at the time of writing and is subject to change. 

Projections for “Yes” to finish in the Top 10 spike toward the bottom of the list, beginning with Christian Rasmussen (1.96x). 

Certain drivers simply have a nose for the Top 10. Nolan Siegel’s 6.25x payout to finish inside the Top 10 is intriguing. Siegel improved 11 positions last year at the Indy 500. 

Caio Collet is another driver that catches the eye. He was sent to the far back of the field for a post-qualifying technical infraction. His Combitrans Amazonia Chevrolet qualified 10th, and with a 3.7x payout to finish Top 10, Collet’s car has displayed plenty of speed and, with proper adjustments, showed late-run pace in practice sessions.

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Indy 500 Top 3 Payouts for the Podium on Sunday, May 24

As we dial in on the podium, featuring the Top 3, payouts increase on PrizePicks Team Picks.

• Alex Palou – Yes 1.61x | No 1.72x
• Pato O’Ward – Yes 2.38x | No 1.31x
• David Malukas – Yes 2.7x | No 1.38x
• Alexander Rossi – Yes 3.12x | No 1.16x
• Josef Newgarden – Yes 3.12x | No 1.2x
• Santino Ferrucci – Yes 3.22x | No 1.16x
• Conor Daly – Yes 3.57x | No 1.21x
• Scott McLaughlin – Yes 3.84x | No 1.17x
• Felix Rosenqvist – Yes 4.16x | No 1.08x
• Scott Dixon – Yes 4.34x | No 1.09x
• Takuma Sato – Yes 5.55x | No 1.03x
• Kyle Kirkwood – Yes 5.88x | No 1.03x

Picks for the podium reveal fewer surprises. The only driver “favored” to end up on the podium would be Alex Palou. With only three available winning slots, projections spike quickly.

Caio Collet (8.33x) is the only rookie driver above quite a few veteran drivers for one of the 15 lowest payouts to finish in the Top 3 for the Indy 500. 

Looking at current qualifying and past success (Top 5s and Top 10s) can slightly help here. The average Indy 500 race has 8 cautions for around 40 laps. However, more experienced drivers at Indy know anything can happen.

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Favorites to Win Indy 500 on Sunday, May 24

Who will win the Indy 500 on Sunday, May 24? Here are the payouts on PrizePicks Team Picks.

• Alex Palou – Yes 3.44x | No 1.28x
• Pato O’Ward – Yes 7.14x | No 1.07x
• Josef Newgarden – Yes 7.69x | No 1.06x
• David Malukas – Yes 7.69x | No 1.06x
• Felix Rosenqvist – Yes 10x | No 1.03x
• Alexander Rossi – Yes 10x | No 1.03x
• Scott McLaughlin – Yes 11.11x | No 1.02x
• Santino Ferrucci – Yes 11.11x | No 1.03x
• Conor Daly – Yes 11.11x | No 1.03x
• Scott Dixon – Yes 16.66x | No 1.01x

Again, comfort is king here. It is also why the Indy 500 is one of the more unique auto races in sports (akin to the Daytona 500). These numbers will also move around a good deal between now and early Sunday afternoon. 

Two common themes among drivers were concern about track temperature and losing speed. It is why watching the weather and who performs well in changeable conditions is essential. Expect the unexpected!

Alex Palou (3.44x) features the lowest payout by a mile to win the Indy 500, followed by Pato O’Ward at 7.14x.

🏎️ Make your Indy 500 predictions for the winner on PrizePicks

Make Indy 500 Predictions on PrizePicks

The 110th edition of the Indy 500 is mere days away, as the starting grid is all set for Sunday’s race. Who will win and carry on the milk tradition on Sunday, May 24?

Don’t wait until the green flag drops — make your Indy 500 picks on PrizePicks now and earn real money if you’re right.

Pick drivers' finishing position, predict More or Less, and cash in if you’re correct. With Team Picks, you can make predictions on Top 10 results, podium, and winning the race, now available in 35 states. That includes Indiana.

Stay tuned in on Playbook for IndyCar predictions, picks, and updates every day, all the way through to the day of the race.