INDIANAPOLIS, INDIANA - MAY 24: Kyle Larson, driver of the #17 Hendrickcars.com Arrow McLaren, drives during practice at Carb Day at Indianapolis Motor Speedway on May 24, 2024 in Indianapolis, Indiana. (Photo by Justin Casterline/Getty Images) | Getty Images
INDIANAPOLIS, INDIANA - MAY 24: Kyle Larson, driver of the #17 Hendrickcars.com Arrow McLaren, drives during practice at Carb Day at Indianapolis Motor Speedway on May 24, 2024 in Indianapolis, Indiana. (Photo by Justin Casterline/Getty Images) | Getty Images

Indianapolis 500 betting odds; Kyle Larson at 16/1

The 109th Indy 5/1 takes place this weekend and despite winning the last two years, Josef Newgarden is not the favorite at BetOnline.ag.

Kyle Larson, running his second Indianapolis 500, has 16/1 odds.

Indianapolis 5/1
Pato O’Ward 5/1
Alex Palou 11/2 (+550)
Scott Dixon 13/2 (+650
Robert Shwartzman 8/1
Takuma Sato 9/1
Josef Newgarden 10/1
Scott McLaughlin 10/1
Felix Rosenqvist 12/1
Kyle Larson 16/1
Alexander Rossi 18/1
David Malukas 18/1
Christian Lundgaard 20/1
Marcus Ericsson 20/1
Colton Herta 25/1
Conor Daly 25/1
Santino Ferrucci 25/1
Will Power 25/1
Helio Castroneves 28/1
Kyle Kirkwood 28/1
Ed Carpenter 60/1
Graham Rahal 80/1
Ryan Hunter-Reay 80/1
Sting Ray Robb 80/1
Callum Ilott 100/1
Christian Rasmussen 100/1
Devlin DeFrancesco 100/1
Jack Harvey 100/1
Kyffin Simpson 100/1
Louis Foster 100/1
Marco Andretti 100/1
Marcus Armstrong 100/1
Nolan Siegel 100/1
Rinus Veekay 100/1