The Indy 500 – Best Betting Sites

Best Places for Betting on the Indy 500

All of the best online sports betting sites allow you to wager on the Indy 500, but some sites stand out from the crowd. If you want access to the best Indy 500 bets and odds, we suggest checking out our recommendations. 

Here are our top-ranked Indy 500 betting sites: 

• Bovada – Best Indy 500 Racebook Overall 
• BetUS – Best Indy 500 Racebook for Beginners 
• Sportsbetting.ag – Most Banking Options for Indy 500 Bettors 
• BetOnline – Safest Indy 500 Racebook

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Best Indy 500 Racebook Overall

Bovada

100% up to $1,000 Welcome Bonus

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Casino Games: Slots, Video poker, Blackjack +5 more Craps, Baccarat, Roulette, Keno, Live dealer.

Live Dealer: No

Payment Options: Visa, MasterCard, Bitcoins +6 more Bitcoin Cash, Litecoin, Ethereum, Secure Voucher, Bank Transfer, Check.

Following extensive research and analysis, we’re certain that Bovada is the best site for wagering on the Indy 500 overall. If you’re looking for a racebook that will put you in the driver’s seat in all the key areas, look no further than Bovada.

New customers can claim a 50% sports welcome bonus up to $250, which can be used to bet on the Indy 500. While this is a relatively low deposit match, the bonus has a super-low 5x wagering requirement. Plus, you can deposit via multiple credit/debit cards, cryptocurrencies, bank transfers, and vouchers.

Bovada always serves up an array of exciting Indy 500 betting options, from traditional futures to unique props. On top of that, Bovada offers excellent mobile gambling and first-rate customer service.

• Multiple welcome bonuses to choose from, including sports, casino, and poker
• More than 300 slot machines from Rival Gaming
• Extensive sportsbook with props builder and live betting
• No fees for withdrawals

• Dedicated racebook for horse race betting on worldwide races
• Bitcoin Exclusive membership, regularly offering you more promotions such as 50% reload bonuses
• Lacks multiple bitcoin withdrawal options

Best Indy 500 Racebook for Beginners

BetUS

125% up to $2,625 Welcome Bonus

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Casino Games: Blackjack, Slots, Video poker +2 more Roulette, Baccarat.

Live Dealer: Yes

Payment Options: Visa, MasterCard, American Express +7 more American Express, Bitcoin Cash, Litecoin, Ethereum, Bank Transfer, Bankwire, Check.

BetUS has a wide range of beginner-friendly features, making it the ideal destination for novices. If you’re new to Indianapolis 500 betting, we recommend starting with BetUS.

First, BetUS accepts low minimum deposits of just $10, so you can begin your Indy 500 betting journey without breaking the bank. You can withdraw as little as $5 with Bitcoin, Bitcoin Cash, and Ethereum, and there are no fees attached to crypto payouts.

The racebook is slick and easy to use, enabling you to find Indy 500 bets and odds without any issues. Once you’ve taken advantage of the big welcome bonus worth up to $3,125, be sure to head to the ‘Locker Room’ for the latest IndyCar betting tips, picks, and predictions.

• Several different welcome bonus options including a 200% crypto bonus
• 300+ casino games, including slots and live-dealer
• Sports Betting options include: pro football, college football, live betting and more
• Same-day payouts up to $5000

• Limited time (14 days) to clear bonus playthrough requirements
• Money you wager on casino games does not count towards the loyalty program
• BetUS is not available in Washington state

Most Banking Options for Indy 500 Bettors

SportsBetting.ag

100% up to $3,000 Welcome Bonus

Visit Site Read Review

Casino Games: Slots, Blackjack, Video poker +4 more Live dealer, Baccarat, Roulette, Craps.

Live Dealer: Yes

Payment Options: Bitcoins, Bitcoin Cash, Cardano +10 more Dogecoin, Ethereum, Litecoin, Ripple, Tether, MasterCard, American Express, Visa, Bank Transfer, Check.

All of our recommended Indy 500 online betting sites offer a selection of safe and secure banking methods. However, SportsBetting.ag is our pick for the racebook with the best variety of banking options.

SportsBetting.ag accepts more than 15 different cryptocurrencies. They also accept multiple credit/debit cards, including Visa, Mastercard, American Express, and Discover. Better still, you can utilize bank wire transfers, money orders, cashier’s checks, and Person 2 Person payments.

Minimum deposits start at $20 for crypto and $25 for credit/debit cards, and you can deposit as much as $500,000 with Bitcoin. Withdrawal limits range from $20 to $100,000, with crypto payouts processed within 48 hours. There are also no banking fees at SportsBetting.ag.

• Sports betting, casino games, online poker, and esports all in one place
• Wide range of promotions, including welcome bonuses, reload bonuses, free bets, and contests
• Access the site from your mobile browser or download the SportsBetting poker app
• Large variety of banking options, including a whopping 12 cryptocurrencies
• High deposit and withdrawal limits

• E-wallet banking methods not available
• While poker traffic is decent, it falls in the medium range
• Varied transaction fees for most payouts

Safest Indy 500 Racebook

BetOnline

100% up to $1,000 Welcome Bonus

Visit Site Read Review

Casino Games: Slots, Video poker, Blackjack +5 more Craps, Baccarat, Roulette, Live dealer, Progressive jackpot.

Live Dealer: No

Payment Options: Visa, MasterCard, American Express +14 more Bitcoins, Ethereum, Litecoin, Bitcoin Cash, Interac e-Transfer, Person2Person Transfers, Money Order, Bank Transfer, Check, Cardano, Dogecoin, Ripple, Tether, Usdt.

BetOnline is among the safest sports betting sites on the internet. Accordingly, we rank BetOnline as the safest Indianapolis 500 racebook.

First and foremost, BetOnline has been around since 2001, meaning they boast more than two decades of experience. Thanks to their longevity, they have earned countless positive reviews for their top-quality customer support, reliable banking options, and generous bonuses.

BetOnline is officially licensed by the Panama Gaming Commission, adding further credibility to their name. Furthermore, the site is secured by TLS encryption software, and you can add an extra level of security to your account by enabling two-factor authentication.

• All-in-one casino and sportsbook with excellent live poker rooms
• 100% welcome bonus up to $1000 can be claimed up to three times
• Excellent range of deposit methods including crypto, credit cards, and transfers
• Free deposits and withdrawals with Bitcoin and other cryptos
• Dedicated racebook with live betting
• Wide range of video poker and obscure/ specialty games
• Available to players in all 50 US states

• Bonus turnovers are as high as 45x
• Limited options for non-cryptocurrency withdrawals
• 9.75% charges on deposits made with cards

Comparing Indy 500 Betting Sites

How We Evaluate Indy 500 Betting Sites

Our process for rating and ranking gambling sites enables us to find the very best options out there. Our expert reviewers carry out a thorough and stringent assessment of each site, considering the factors that matter the most when it comes to gambling online. 

Consequently, our favorite sites for betting on the Indy 500 rank highly in each of the following areas:

Futures on the Race

We only endorse Indianapolis 500 betting sites if they provide an array of futures on the race itself. Of course, our recommendations allow you to wager on the winner of the race, but they also offer unique futures relating to the drivers, teams, top finishers, and head-to-head matchups.

Live Betting

The leading Indy 500 betting sites allow you to place in-play wagers on the race. Not only can you take advantage of updated outright winner odds throughout the event, but you can also place live bets on which driver will win the next lap or which driver will crash next.

Fast Payouts

IndyCar racing is among the fastest sports on the planet. Similarly, the best Indy 500 betting sites deliver speedy payouts. Crypto withdrawals are typically processed in a matter of hours, with most of our top sites offering no-fee transactions. Other banking methods such as eWallet and cards, are also dealt with swiftly and efficiently.

Bonuses and Promos

Whether you’re looking for a lucrative welcome bonus or attractive ongoing promotions, our favored Indy 500 betting sites have got you covered. We only endorse sites that dish up a range of beneficial offers, and we always ensure that the bonus terms and wagering requirements are fair.

Indy 500 Betting Sites to Avoid

Sadly, not all online gambling sites are legit. Our experts have come across a handful of sites with negative reviews, which highlight issues like refused payouts, withdrawal problems, and poor customer service. 

The following sites feature on our online casino and sportsbook blacklist and should be avoided at all costs.

GoldBet

With a long history of withdrawal issues and payout refusals, we recommend steering clear of GoldBet. To make matters worse, their customer support team is unresponsive.

• Play Here Instead: Bovada

DailyDime

Many customers of The Daily Dime have reported not receiving their winnings. On top of that, The Daily Dime’s website is often down, making it an unreliable place to bet.

• Play Here Instead: BetUS

Rover Sportsbook

Rover Sport’s website is cluttered with ads. We’ve also seen complaints about their below-par customer service and their tendency to falsely advertise their offers.

• Play Here Instead: SportsBetting.ag

It’s always a good idea to verify the integrity of the site you’re betting at, which is why we’ve compiled a list of the safest sports betting sites for you to bet with confidence at. 

Ways to Bet on the Indy 500

With a wide variety of markets to choose from, it isn’t always easy to nail down the Indy 500 best bets. To help you determine which wagers are right for you, we have compiled a list of all the popular Indianapolis 500 bets. 

Below, we explain how these Indy 500 bets work. 

• Outright Winner – Betting on the outright winner is the simplest Indy 500 wager you will find. All you need to do is pick a driver and back them to win the race. 

• Podium Finish – The top three drivers at each Indy 500 finish on the podium, and you can bet on which drivers will end up there. While this is a safer bet than picking the outright winner, the odds for each driver are significantly lower. 

• Top 5/Top 10 Finish – Not only can you bet on the top three drivers, but you can also bet on the top five or the top 10. Naturally, the odds are even lower for this market. In fact, the top outright favorites might not even feature in this market. 

• Head-to-Head Matchups – Racebooks pair two drivers together, giving you the chance to predict which driver will finish higher. In this market, no other aspect of the race matters. 

• Prop Bets – Will there be a crash on the opening lap? Will there be a caution flag during the race? Will Driver X beat their previous time? These are a few examples of the types of Indy 500 props that you may come across. 

• Futures Bets – These long-term wagers enable you to bet well in advance of the race. Futures typically concern the winner of the race and other long-term outcomes. They often generate higher potential payouts due to their unpredictability. 

• Live Bets – The best Indy 500 betting sites allow you to place in-race wagers while the action unfolds. You could bet on which driver will be leading at the end of the next lap, or you might bet on which driver will be the next to retire from the race. 

• Parlays – A parlay combines multiple selections into one bet, generating bigger payouts. Each selection must be successful for your parlay to win. For example, you could combine the outright winner, a top-five finish, and a top-10 finish. 

For more information about how to get started betting on the Indy 500, check out our beginner’s guide.

Responsible Gambling 

We love showcasing the best sites for betting on the Indy 500, but we also feel that it’s our duty to highlight the dangers of gambling addiction. 

Sports betting is meant to be fun, but for some people, it can become more than a hobby and develop into an addiction. If you or anyone close to you struggles with problem gambling, we strongly recommend reaching out to these organizations: 

• National Problem Gambling Helpline (1-800-GAMBLER) 
• SAMSHA’s National Helpline (1-800-662-HELP) 
• Gamblers Anonymous (909-931-9056) 

Indy 500 Betting Sites Summary 

There are many different ways to bet on the Indy 500, with dozens of online racebooks serving up odds for the race. That said, if you’re serious about making the most of your Indy 500 betting experience, we urge you to utilize our recommended sites. 

The best sites for betting on the Indy 500 deliver an unrivalled range of bonuses and promotions, adding extra cash to your bankroll. Plus, they offer the best Indy 500 coverage on the internet, so you can find tips for a multitude of markets. Our favorites are Bovada and BetUS. 

If you’re a motorsports fanatic, why not check out our picks for the best NASCAR betting sites? There is no shortage of NASCAR betting opportunities, so be sure to take advantage of them!