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<p>The 109th running of the<strong> Indianapolis 500</strong> is set for Sunday afternoon, and the betting market is buzzing with sharp movement, public favorites, and significant sportsbook exposure. BetMGM’s latest numbers reveal major steam on key contenders like <strong>Alex Palou</strong> and <strong>Pato O’Ward</strong>, while historical narratives and recent performance drive heavy action on <strong>Josef Newgarden</strong> and two-time winner <strong>Takuma Sato</strong>.</p>
<p>Let’s dig into the key betting storylines, line movement, and the statistical resumes behind the most-watched drivers on the board.</p>
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<p><i>Stay ahead of the game and elevate your sports betting experience with </i><a href="https://www.sportsgrid.com/"><i>SportsGrid</i></a><b><i>.</i></b></p>
<h2 data-start="159" data-end="209"><strong data-start="159" data-end="209">How to Watch the 2025 Indy 500</strong></h2>
<ul>
<li><strong data-start="385" data-end="398">Location:</strong> Indianapolis Motor Speedway</li>
<li><strong data-start="246" data-end="258">TV time:</strong> 10:00 a.m. ET</li>
<li data-start="213" data-end="243"><strong data-start="213" data-end="227">Race time:</strong> 12:45 p.m. ET</li>
<li data-start="213" data-end="243"><strong data-start="277" data-end="286">Date:</strong> Sunday, May 25, 2025</li>
<li data-start="312" data-end="333"><strong data-start="312" data-end="327">TV channel:</strong> Fox</li>
<li data-start="336" data-end="382"><strong data-start="336" data-end="352">Live stream:</strong> Fubo </li>
</ul>
<h2>2025 Indy 500 Line Movement</h2>
<ul type="disc">
<li class="m_2727832792519959161MsoListParagraph">Pato O’Ward +600 to +500<u></u><u></u></li>
<li class="m_2727832792519959161MsoListParagraph">Alex Palou +900 to +500<u></u><u></u></li>
<li class="m_2727832792519959161MsoListParagraph">Takuma Sato +2500 to +1300</li>
</ul>
<h2 data-start="988" data-end="1022"><strong data-start="992" data-end="1020">Pato O’Ward: +600 ➝ +500</strong></h2>
<p data-start="1023" data-end="1559">O’Ward has seen a bump in betting interest, and his odds have shortened accordingly. The McLaren driver enters the Indy 500 ranked <strong data-start="1154" data-end="1178">fourth in the standings</strong> with <strong data-start="1184" data-end="1198">148 points</strong>, <strong data-start="1200" data-end="1210">one pole</strong>, and <strong data-start="1216" data-end="1236">two top-5 finishes</strong>. His recent form includes a <strong data-start="1265" data-end="1309">second-place finish at the Indy Road Course</strong> and a <strong data-start="1316" data-end="1334">sixth at Alabama</strong>, showing both pace and consistency. With <strong data-start="1376" data-end="1403">three top-10s in five races</strong>, he’s been one of the most well-rounded drivers on the grid. O’Ward’s rise in both ticket and handle share reflects sharp confidence in a breakthrough win.</p>
<h2 data-start="1561" data-end="1594"><strong data-start="1565" data-end="1592">Alex Palou: +900 ➝ +500</strong></h2>
<p data-start="1595" data-end="2110">No driver has seen more steam than Palou, who has surged from +900 to co-favorite at +500. He’s currently <strong data-start="1701" data-end="1733">first in the IndyCar standings</strong> with a flawless start to 2025: <strong data-start="1765" data-end="1775">four wins</strong>, <strong data-start="1777" data-end="1797">five top-5 finishes</strong>, and <strong data-start="1803" data-end="1825">5-for-5 in top-10s</strong>. He’s fresh off back-to-back wins at Indianapolis (road course) and Alabama, dominating with leads in four of five races. Palou has posted finishes of 1st, 1st, 2nd, 3rd, and 1st—arguably the hottest driver in motorsports right now. With this form, the line movement isn’t surprising.</p>
<h2 data-start="2112" data-end="2148"><strong data-start="2116" data-end="2146">Takuma Sato: +2500 ➝ +1300</strong></h2>
<p data-start="2149" data-end="2501">Sato, the two-time Indy 500 winner (2017, 2020), has become a late riser in the betting market. While the 48-year-old has not raced this season, he did finish 14th in last year&#8217;s Indy 500. His history at Indianapolis is likely fueling this surge from +2500 to +1300. Bettors see value in a veteran who knows how to manage the 500-mile grind—and has proven it with two Borg-Warner Trophies.</p>
<h2 style="font-weight: 400;"><strong>2025 Indy 500 Highest Ticket%</strong></h2>
<ul style="font-weight: 400;">
<li>Pato O’Ward 9.7%</li>
<li>Alex Palou 9.6%</li>
<li>Josef Newgarden 8.7%</li>
</ul>
<h2 data-start="2554" data-end="2593"><strong data-start="2558" data-end="2591">Pato O’Ward – 9.7% of Tickets</strong></h2>
<p data-start="2594" data-end="2895">The public continues to back O’Ward at a high clip. With strong results in three of his last four races, including a runner-up at Indy’s road course, he’s demonstrated he can contend across varying conditions. His balance of youth, speed, and growing experience makes him a popular outright selection.</p>
<h2 data-start="2897" data-end="2935"><strong data-start="2901" data-end="2933">Alex Palou – 9.6% of Tickets</strong></h2>
<p data-start="2936" data-end="3205">Right behind O’Ward is Palou, whose electric 2025 campaign has put him atop the standings. His combination of elite pace and tactical racing has made him a near-weekly lock for the podium. Bettors are clearly expecting that to translate to Indy’s oval this time around.</p>
<h2 data-start="3207" data-end="3250"><strong data-start="3211" data-end="3248">Josef Newgarden – 8.7% of Tickets</strong></h2>
<p data-start="3251" data-end="3628">Newgarden’s presence in the top three for ticket share isn’t just about form—it’s about legacy. The <strong data-start="3351" data-end="3395">back-to-back defending Indy 500 champion</strong> has a unique edge over the field. While he’s struggled to start the 2025 season (<strong data-start="3477" data-end="3519">12th in standings, just one top-5 finish</strong>), his third-place result at St. Petersburg and proven ability at the Brickyard are keeping bettors interested.</p>
<h2 data-start="3251" data-end="3628">2025 Indy 500 Highest Handle%</h2>
<ul type="disc">
<li class="m_2727832792519959161xmsolistparagraph">Alex Palou 16.0%<u></u><u></u></li>
<li class="m_2727832792519959161xmsolistparagraph">Pato O’Ward 14.7%<u></u><u></u></li>
<li class="m_2727832792519959161xmsolistparagraph">Josef Newgarden 10.0%</li>
</ul>
<h2 data-start="3678" data-end="3716"><strong data-start="3682" data-end="3714">Alex Palou – 16.0% of Handle</strong></h2>
<p data-start="3717" data-end="3981">Palou’s dominance has drawn serious betting volume. High-stakes players have piled on him early, driving up the handle despite a lower ticket count than O’Ward. That suggests more confidence from sharp bettors putting real money behind his breakout season.</p>
<h2 data-start="3983" data-end="4022"><strong data-start="3987" data-end="4020">Pato O’Ward – 14.7% of Handle</strong></h2>
<p data-start="4023" data-end="4277">O’Ward is right behind in dollars wagered, another sign of dual interest from casual fans and big bettors alike. As a driver who’s already battled near the front in multiple 2025 races, he’s being treated like a legitimate threat to win it all on Sunday.</p>
<h2 data-start="4279" data-end="4322"><strong data-start="4283" data-end="4320">Josef Newgarden – 10.0% of Handle</strong></h2>
<p data-start="4323" data-end="4562">Despite a relatively modest start to the season, Newgarden’s handle percentage reflects his high ceiling. Back-to-back Indy 500 wins speak louder than early-season stats. Bettors are banking on him flipping the switch when it matters most.</p>
<h2 data-start="4323" data-end="4562">2025 Indy 500 Biggest Liabilities</h2>
<ul type="disc">
<li class="m_2727832792519959161xmsolistparagraph">Alex Palou<u></u><u></u></li>
<li class="m_2727832792519959161xmsolistparagraph">Robert Shwartzman<u></u><u></u></li>
<li class="m_2727832792519959161xmsolistparagraph">Josef Newgarden</li>
</ul>
<h2 data-start="4608" data-end="4628"><strong data-start="4612" data-end="4626">Alex Palou</strong></h2>
<p data-start="4629" data-end="4893">With the highest handle and nearly the most tickets, Palou is BetMGM’s biggest potential payout. His betting profile suggests serious exposure, and a win would be costly for the book. It’s a dangerous combination: hot driver, short price, sharp and public backing.</p>
<h2 data-start="4895" data-end="4922"><strong data-start="4899" data-end="4920">Robert Shwartzman +25000 ➝ +1800</strong></h2>
<p data-start="4923" data-end="5241">Shwartzman may be <strong data-start="4941" data-end="4966">24th in the standings</strong> with no top-10s and finishes of 18th, 20th, 22nd, and 25th this season, but he&#8217;s somehow drawn enough betting volume to appear on BetMGM’s liability sheet. It’s unclear what’s driving the interest—possibly qualifying or longshot chasers—but sportsbooks are paying attention.</p>
<h2 data-start="5243" data-end="5268"><strong data-start="5247" data-end="5266">Josef Newgarden</strong></h2>
<p data-start="5269" data-end="5476">Legacy meets liability with Newgarden. Despite a lukewarm 2025 campaign, bettors simply trust him at Indy. That trust has led to a top-three handle share and placed him in a position to burn the books again.</p>
<p data-start="4168" data-end="4383"><span data-sheets-root="1"><a class="in-cell-link" href="https://www.sportsgrid.com/betting/sportsbook-promos/betmgm" target="_blank" rel="noopener">BETMGM PROMO CODE – FIRST BET OFFER UP TO $1,500 BACK IN BONUS BETS</a></span></p>


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O’Ward, Palou, and Newgarden lead the betting action for the 2025 Indy 500. We break down the odds movement, liabilities, and stats heading into race day.

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