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.

Race fans are getting set for one of the most anticipated motorsports events of the year as the 2025 Indianapolis 500 gets underway today.

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

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The Indy 500 known as "The Greatest Spectacle in Racing" teases narrative intrigue, hyper-speed ellipticals and a lot of milk.

Kyle Larson attempts to become the second driver to pull off "The Double" by completing the Indianapolis 500 and Coca-Cola 600 on Sunday

Patrick Everson breaks down the betting action for the "Greatest Spectacle in Racing," including a rookie in the driver's seat and a two-time champ looking for a three-peat.