IndyCar Betting

IndyCar Betting

With over 100 years of history, IndyCar is one of the oldest motorsports in the industry. Despite its long-standing tradition, IndyCar is constantly innovating and pushing the envelope! 

IndyCar betting has maintained a level of prestige that easily makes it one of the most elite motorsports around. For these reasons and plenty of others, IndyCar has an incredibly devoted fan base. 

So, whether you’re a new fan or old, we’re here to cover some important information on IndyCar betting. 

IndyCar betting can be a fun pastime, but it’s important to make sure you’re betting with an accredited organization. You don’t want to give your bank account information to a company that is going to misuse it.

Most of all, you want to bet on your favorite races! So, look for a sportsbook that is legal, safe, and efficient. It’s important to note how they pay you and how they accept deposits.

The more variety, i.e. credit cards, wires, etc. the better the options are for you. The sites listed below we have reviewed and they are all great choices for legal IndyCar betting. 

SugarHouse

SugarHouse

SugarHouse offers a 100% bet match up to $250 for first-time users. Motorsports betting – including IndyCar betting, works the same way as other sports on SugarHouse. 

They have an NJ & PA based app for iPhone and Android. Additionally, they have a membership program you can join for free that includes perks on a point-based system.  

SugarHouse Sportsbook

Bet in

NJ

100% Match up to $250

Integrated Sportsbook & Casino

iOS & Android Apps

MAXSPORT

Bet Now

SugarHouse Sportsbook in NJ was one of the first online sportsbooks in the Garden State. Right now, sign up and get up to $250 matched on your first deposit with the SugarHouse NJ promo code. Remember, terms and conditions apply. Bet with your head, not over it. Gambling problem? Call 1-800-GAMBLER

PointsBet

PointsBet

PointsBet offers first-time users a $150 bet for only a $50 deposit. The app is available for iPhone and Android and is based in NJ. 

They also have a unique system based on “points betting”, meaning if your bet wins by one point, you win 1x your original bet amount. For two points, you’d win 2x the bet. This kind of betting stands to win you a lot of money for each point you bet correctly. 

PointsBet Sportsbook

Bet in

NJ

Deposit $50, Bet with $150

Unique Points Betting System

iOS & Android Apps

MAXBONUS

Bet Now

Australian sportsbook PointsBet has made quite a splash in the NJ sports betting market. Right now, sign up with PointsBet and get one of the best welcome offers around! Deposit $50, bet with $150! That means PointsBet triples your deposit. Terms and conditions apply. 21+ in NJ. Bet with your head, not over it. Gambling problem? Call 1-800-GAMBLER

DraftKings

DraftKings

DraftKings offers one of the more generous first-time user bonuses. A $300 bet match and their app is available to all iPhone and Android users. DraftKings is legal in several states including New Jersey, West Virginia & Indiana with an upcoming launch date in Pennsylvania.   

DraftKings Sportsbook

Bet in

NJ

Up to $500 + $200 Risk-Free Bet

Live In-Game Betting

iOS & Android Apps

Deposit match is 20% of your deposit, up to a total bonus of $500. Bonus amount is equal to 20% of that first deposit amount, not to exceed $500 (the user must deposit $2,500 to be eligible to receive the maximum possible bonus amount of $500). Bonus funds will be awarded to the user according to the following play-thru requirement: for every $25 played on DraftKings in DFS/Sportsbook or every $60 played on DraftKings Casino, the user will receive $1 in bonus funds released into their player account. DraftKings Sportsbook is currently available in New Jersey, Pennsylvania, West Virginia, and Indiana. Terms & Conditions apply, 21+ If you or someone you know has a gambling problem, call 1-800-GAMBLER.

How to Bet on IndyCar

The best way to understand IndyCar betting is to watch it. Reading IndyCar odds, understanding the IndyCar lineup, knowing Indy racing teams, etc. These all are great ways to learn more about how to bet on IndyCar races.

IndyCar betting doesn’t take a degree, but it does take some awareness. So do some research before placing any bets. 

Types of IndyCar Betting

There are a variety of specific bets to be aware of if you plan to bet on IndyCar races. With all of these bets, make sure to consider the IndyCar odds and plan accordingly. 

Outright Bets

An outright bet in IndyCar betting is a bet for the whole shebang. If you like Driver X and you think he’s going to win the Drivers’ Championship or you think Honda will win the Manufacturer’s Championship; that constitutes an outright bet. There are a lot of variations for this kind of IndyCar betting and it can be a risk to commit to. 

Winning Driver

In IndyCar betting, picking the winning driver is one of the more basic bets. It involves making a bet on which driver you think will win the race. However, if you want to bet on a particular race, make sure you consult a site hosting IndyCar odds for clarity. The Indy 500, for instance, is a very popular race to bet on IndyCar winners. It’s also one of the toughest so be prepared. 

Pole Position

In motorsports, the pole position is the most favorable position in the race and it refers to the innermost part of the front line. Before the race even starts, the pole position is determined by who receives the best qualifying time in the trials. Pole position basically determines how the race will go so it’s incredibly important in IndyCar betting.

Fastest Lap

In IndyCar betting, the fastest lap can determine a lot of things, especially in a qualifying race. Looking at IndyCar odds can help you determine who has an advantage or edge on the competition.

Podium Finish

Sometimes, a bet on IndyCar winners can be quite a gamble. A good solution to that could be to bet on podium finish instead. A podium finish bet is a bet about what drivers will end up finishing first, second & third. The margin of error is a bit smaller making it a more manageable bet. 

Winning Margin

The winning margin refers to the length of time between the first and second place drivers. In a lot of motorsports, there can be extremely close finishes which makes betting on winning margin tricky. IndyCar betting, however, has seen some seriously long margins win. In 2019, Alexander Rossi won by the largest margin in a decade – 28.4391 seconds.  

Prop Bets

A prop bet is any bet that is nondependent on the outcome of a race or game. In IndyCar betting, some popular prop bets include the following.

  •  Which driver leads during most laps
  • How many caution flags there will be
  • The first driver to not finish
  • Over/under bets

IndyCar Betting Strategies

If you’re looking to bet on IndyCar, make sure you bet smart. There are plenty of opportunities out there and it’s important to identify the best ones. Whether you’re consulting an IndyCar lineup or looking over IndyCar odds, knowledge is power. IndyCar betting is dependent on a lot of different factors. Below is a list of knowledge-based advantages. Read them and make sure you are setting yourself up for success. 

Line Shopping

Firstly, line shopping is a great strategy for IndyCar betting. It involves comparing odds on different online sportsbooks and finding the best odds for the market that interests you. 

Here’s an example. 

Driver X is listed as +400 to win on one sportsbook site and the same driver is listed as +600 on another. If Driver X wins, you stand to earn more money on the second site for the same bet. So if you plan to bet on IndyCar, make sure to shop around first. 

Know the Sport

It goes without saying that the more knowledgeable you are about something, the more successful you’ll be at it. This is especially true for IndyCar betting. 

It helps to become obsessed with the sport; to spend time watching and studying it. Understanding IndyCar odds and watching the races can go a long way. IndyCar betting is a sport in itself so it’s best to understand what the plays are. 

Know the Circuits

A huge variable in IndyCar betting is the track the race is run on. Maybe your favorite driver rides better on oval tracks or maybe the favorite to win does best on superspeedways. 

Some drivers have preferences and some even have a better understanding of the tracks they prefer to ride on. So if you placing a bet on IndyCar winners, make sure to consider how your pick fares on the track. 

Biggest IndyCar Races

There are plenty of opportunities to bet on IndyCar races. The Indy 500 is obviously a popular choice, but the sport reaches new heights with races like the IndyCar Toronto. IndyCar betting is widespread, but there are some races that really make the industry what it is. Below are some other notable options to look out for. 

Firestone Grand Prix

The Firestone Grand Prix serves as the IndyCar season opener and is held in St. Petersburg, Florida. It runs 198 miles over 110 laps. In 2020, it will be held from Friday, March 13th– Sunday, March 15th. Since it is the first race, it helps determine the IndyCar lineup for the rest of the season. 

Indy 500

The Indy 500 will be held on May 24, 2020. Short for Indianapolis 500, the Indy 500 is often referred to as the greatest race in the world. Running since 1911 and only interrupted by the two World Wars, it has one of the most challenging tracks in motorsports’ history. As such, Indy 500 betting proves to be an exciting way to join the race.

Challenging and incredibly dangerous, 60 people have lost their lives on these tracks. So, if you decide to ride in this race, you really have to want it and the stakes are extremely high. The Indy 500 is not without some levity though. There are also some fun traditions including those famous first words, “Ladies and Gentlemen, start your engines.” 

IndyCar Toronto

As the name suggests, IndyCar Toronto is an annual IndyCar street race held in Canada. It takes place on a 1.786-mile street circuit which runs through Exhibition Place. IndyCar Toronto happens to be the second-longest running street race in IndyCar history.

In 2020, it will be held on July 10th– 12th. IndyCar Toronto is a Honda sponsored event raced primarily on asphalt/concrete. 

IndyCar Classic

The IndyCar Classic is being held at the Circuit of the Americas in Austin, Texas and in 2020 it will be on April 24th– 26th. The Circuit of the Americas was originally built to Formula One specifications and it is 204.6-mile track run in 60 laps. 

Top Indy Racing Teams

Indy racing teams are an important part of the sport. Teams give drivers comradery and an ability to play off each other’s strengths. Below is a list of the top Indy racing teams and some info about them. 

Team Penske

Team Penske is an American professional racing organization. They’ve been involved in a variety of motorsports including open-wheel, sports car & stock car. In addition to competing with Indy racing teams, they also compete in the Monster Energy NASCAR Cup Series and several other motorsport organizations. They’ve had 18 Indy 500 victories, including one in 2019.

Andretti Autosport

Andretti Autosport races in IndyCar, Indy Lights, the Americas Rallycross Championship and the FIA Formula E Championship. They’ve had six Indy 500 victories and five Drivers’ Championships. 

Chip Ganassi Racing

Chip Ganassi Racing has teams that compete in the NTT IndyCar Series, Monster Energy NASCAR Cup Series and the IMSA WeatherTech SportsCar Championship. They’ve had four Indy 500 victories 

Top 5 IndyCar Drivers

Though there are a lot of historically significant American drivers, the current favorites happen to be pretty diverse. From France to Australia to New Zealand, today’s IndyCar lineup includes a range of nationalities. Below are some of the best drivers in the game. Setting records and breaking barriers, these drivers are current and exemplary. 

Josef Newgarden

Josef Newgarden is an American IndyCar driver. Currently racing with one of the best Indy racing teams; Team Penske, Newgarden is a two-time NTT IndyCar Champion – most recently in 2019. 

Simon Pagenaud

Simon Pagenaud is a French driver who also races for Team Penske in IndyCar. He is the first French driver to have won the Indianapolis 500 since 1920. 

Alexander Rossi

Alexander Rossi is quite a driver. An American born racer; Rossi races full time for IndyCar. Currently racing for Andretti Autosport, he won the Indianapolis 500 when he was just a rookie. 

Scott Dixon

Scott Dixon is a New Zealand driver riding for one of the great IndyCar racing teams; Chip Ganassi Racing. He’s won the championship an incredible five times most recently in 2018. He’s also won the Indianapolis 500. In terms of winnings, he’s third-highest in American Championship Cars history.

Will Power

Will Power is an Australian IndyCar driver. He’s tied with Scott Dixon for having the most street and road course wins (19). He most recently won the Indianapolis 500 in 2018 and was the 2014 IndyCar champion. 

Final Thoughts on IndyCar Betting

IndyCar betting is an interesting and fun way to earn some extra cash. There are so many ways to bet and so many races to bet on. From the Indianapolis 500 to IndyCar Toronto, this international sport has a unique following. 

Though it can be a great hobby, IndyCar betting does require some knowledge. So don’t go into it blindly. Check the IndyCar lineup and the odds, read up on the drivers and tracks and above all else make sure you’re betting legally.