Indianapolis 500 is wide open this year after an eventful qualifying. Here's how every driver stacks up based on their odds in Sunday's race.

The Indy 500 will take place this Sunday on FOX. Check out these fun ways that you can wager on the upcoming action.

As of race day on Sunday morning, O'Ward (+475) and Palou (+475) are still favored to win, per BetMGM. But two-time defending Indy 500 champ Josef Newgarden jumped ahead of McLaughlin and Dixon and now has the third-best odds to win his third straight Indy 500 at +700 — despite being part of the Team Penske controversy this week.

The countdown is on to the 109th Running of the Indianapolis 500. The big event ... fans are diving into the betting action. In the wake of an eventful few days, the odds saw a huge shift.

The big event takes place on FOX and motorsports fans are diving into the betting action ... the pole and his odds surged to 11/1 from 40/1. The reigning Indy 500 champion is Josef Newgarden.

Kyle Larson didn't make it to Charlotte in time to turn a lap in the rain-shortened Coca-Cola 600. This year, he's favored to win.

Pole sitter Robert Shwartzman isn't getting much love from the sports books but we've got you covered with a longshot pick

Pato O’Ward (+500 at DraftKings Sportsbook): O’Ward was narrowly edged out by Newgarden in the 2024 Indianapolis 500 and will look to close the deal this time. He has placed second twice in the last four races this season, but did not place in the top 10 in practice. Dixon will start third and is at +250 to finish first or second.