2024 Indy 500: Betting odds, start time for 'The Greatest Spectacle in Racing'

It's race week for the 108th running of the Indianapolis 500, when a field of 33 cars will cross the famed yard of bricks Sunday at Indianapolis Motor Speedway for what is considered "The Greatest Spectacle in Racing."

Scott McLaughlin of Team Penske will be on the pole after breaking the four-lap qualifying record with an average of 234.220 mph. Next to him are teammates Will Power and defending winner Josef Newgarden, whose last-lap pass of Marcus Ericsson during a controversial finish a year ago gave team owner Roger Penske his record-extending 19th win.

Team Penske arrived at Gasoline Alley this year under scrutiny, though. The team owner suspended two senior leaders and two engineers as punishment for a cheating scandal centered on Newgarden’s illegal use of his push-to-pass system in his March 10 win in St. Petersburg, Florida. IndyCar stripped Newgarden of the win and McLaughlin of a third-place finish.

Beyond the controversy, storylines abound: How will Larson, who qualified fifth, fare in his Indy 500 debut, and will he be able to complete "The Double" by also finishing the Coca-Cola 600 in Charlotte the same night? Will Alex Palou finally be able to win the Indy 500 after coming close the past three years? Can Helio Castroneves win a record fifth Indy 500?

McLaughlin is the favorite after qualifying on the pole, holding +450 odds to win the race on DraftKings Sportsbook. Newgarden has the second-best odds (+550) and Power has the third-best odds (+650).

Here's a look at the odds board and some of the favorites ahead of Sunday's race:

Scott McLaughlin: +450 (bet $10 to win $55 total)
Josef Newgarden: +550 (bet $10 to win $65 total)
Will Power: +650 (bet $10 to win $75 total)
Kyle Larson: +700 (bet $10 to win $80