Indianapolis 500 Betting Preview: Power, Pagenaud Co-Favorites on Indy 500 Odds

OddsShark.com@@OddsSharkFeatured ColumnistMay 26, 2016

Drivers, from left, James Hinchcliffe, Marco Andretti, Ryan Hunter-Reay and Will Power step away after posing during a promotiona eventl with the with the Borg-Warner race trophy and iconic race cars, Tuesday, May 24, 2016, in New York. They will race for the trophy in Sunday's 100th running of the Indianapolis 500 auto race. (AP Photo/Bebeto Matthews)
Bebeto Matthews/Associated Press

In what looks to be one of the most competitive fields ever, the 100th running of the Indianapolis 500 will take place this Sunday and could also be one of the most memorable based on the latest betting odds at sportsbooks monitored by Odds Shark.

Five drivers are listed at odds of 7-1 or less, led by two favorites who have never won the race in Will Power and Simon Pagenaud, who are both 6-1.

Defending champion Juan Pablo Montoya is also at 6-1, followed by two other former winners, Scott Dixon and Helio Castroneves, at 13-2. Montoya won the Indy 500 as a rookie in 2000 and followed that up with his second career victory at Indianapolis Motor Speedway last year. The 40-year-old Colombian is one of just two Chevrolet drivers to take the checkered flag since Castroneves won it in 2002.

Castroneves won two straight years following Montoya’s first victory, while Dixon entered the winner’s circle for the first and only time in 2008.

Other former winners racing in the 2016 Indy 500 field include Buddy Lazier (1996), Tony Kanaan (2013) and Ryan Hunter-Reay (2014). Of that group, Lazier is the long shot at 100-1, mainly because he has gone the longest since winning it last.

Kanaan is 9-1 with Hunter-Reay 20-1, and two more drivers with similar odds on the betting board are pole-sitter James Hinchcliffe (12-1) and Josef Newgarden (12-1).

Hinchcliffe is the leading Canadian in this year’s Indy 500, and Newgarden is the top American. A Canadian has not won the race since Jacques Villeneuve in 1995. Hunter-Reay was the last American to win it and the lone driver representing the Stars and Stripes in the previous nine years. Four Americans won it in the 11 years before that.

In addition, Pippa Mann is the only woman in the Indy 500 field and the longest shot on the board at 150-1. Mann has competed in the race since 2011 but has never finished better than 20th.

Ironically, Danica Patrick’s last Indy 500 came in 2011, and she leads all women with six top-10 finishes in seven years, placing a career-best third in 2009.

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