Palou favored for fourth straight win in Honda Indy Toronto Betting Odds

The IndyCar Series has enjoyed a two-week break since championship leader Álex Palou took his third consecutive win at Mid-Ohio. This week, the grid returns to the streets of Toronto for the first international race of the season. Championship leader Palou leads the Honda Indy Toronto Betting odds again this week as multiple drivers look to break his winning streak.

Get ready to feel the thrill of the Honda Indy Toronto

Palou paces the shortest odds

At +300, Palou’s favored for his fourth win in a row and fifth in six races. It’s been a dominant stretch for the 2021 IndyCar champion. The first four IndyCar races of the season saw him on the podium just once (third in Texas). Since then, he’s finished lower than first once (fourth at the Indy 500 after starting on pole).

He’s winning on road courses with victories at the GMR Grand Prix, Road America, and Mid-Ohio. He’s won on street courses with a victory in Detroit. Palou has a 110-point gap to second-place Scott Dixon in the IndyCar standings and leads the Honda Indy Toronto Betting odds for good reason. He’ll be hard to beat this week once again.

Dixon’s next-shortest in odds at +600. After a slow start to the 2023 season, the seven-time IndyCar champion’s steadily worked his way back up the standings. His 27th-place finish in Long Beach was the last time he finished outside the top eight in any race. Second in Mid-Ohio pushed him past Josef Newgarden for second in the championship.

These are some of Dixon’s best 2023 IndyCar odds for victory, as Toronto is one of his better tracks. Dixon won two of the last three races here, including last season. If anyone will challenge Palou, Chip Ganassi teammate Dixon may be the best bet.

Four drivers are tied at +800: Colton Herta, Newgarden, Pato O’Ward, and Scott McLaughlin. Herta’s shaken off a rocky start to 2023 and found some pace in the middle of the IndyCar schedule. Back-to-back poles have yielded just fifth in Road America and 11th in Mid-Ohio, but the improvement is impressive.

Last season, he took the pole in Toronto before finishing second to Dixon. Two of his seven career IndyCar wins have come on street courses, and he could make it three this weekend.

Newgarden looked like one of the best challengers to Palou this season. After a disappointing finish in 2022, he earned two wins in the first six races to stay near the top of the standings.

But the last three events have seen just one podium (second in Road America). Newgarden’s won twice in Toronto in 2015 and during his title-winning season in 2017. Those wins came from farther down the order, which is unusual in Exhibition Palace. He’ll need that kind of charge again to get his third win of 2023.

O’Ward’s season’s been the opposite of Dixon. He started the season with three podiums in five races and a fourth-place finish in Alabama. Since then, he’s managed just one podium in four races, his only top-five result since May.

Eighth in Mid-Ohio was solid but unspectacular. For a driver who looked to threaten Palou early on in the year, he’s been disappointing lately. He’s raced in Toronto just once, finishing 11th last season. He’ll need a big change in luck for a win this time.

McLaughlin’s one of just five winning IndyCar drivers in 2023 thanks to his victory in Alabama. His form dropped off after that win (16th and 14th in the Indianapolis events) but he has notched three consecutive top-eight finishes. Like O’Ward, last year was his first race in Toronto, and he finished ninth.

On average, he’s struggled at street courses the most compared to other formats, with a career finish of 13th in 14 IndyCar races. He won last year in St. Petersburg, proving he can win in this type of track, but it won’t be easy given how well others are racing.

Longer odds to consider for victory in Toronto

Marcus Ericsson (+1000) went from championship leader early in 2023 to fourth and 122 points back from Palou. Twenty-seventh in Mid-Ohio’s last time out was by far his worst result of the season. His sole win of 2023 came in the season opener in St. Petersburg, and he took third in Long Beach. He could see a strong street course result once again in Toronto, where he finished fifth last IndyCar season.

Defending IndyCar champion Will Power is +1200 for victory. Power’s notched three podiums this season but none on the top step. He’s won in Toronto twice in 2010 and 2016 but struggled last year to 15th. Historically, he’s raced best on street and road courses, and that’s held true in 2023 with his top results coming in Alabama (road course), Detroit (street), and Mid-Ohio (road). In Toronto, qualifying high up the order is crucial as passing is difficult. Why not go with the all-time IndyCar pole leader?

Felix Rosenqvist is +1800 for a win on Sunday. The Arrow McLaren driver has just one career IndyCar Series win in Elkhart Lake in 2020. But Toronto’s been one of the best tracks in his IndyCar career. Last season, he finished third. In 2019, he took fifth. He finished a season-best third in Detroit, the most recent street course event. On average, he races best in street courses. He could be a surprise winner on Sunday.

Predictions from the Honda Indy Toronto odds

It’s very hard to bet against Palou at the moment. He’s been the class of the field since May. But no IndyCar driver has won four races in a row this century. Of the favorites, go with Dixon. He’s been improving over the last month and may round into form perfectly in time to earn his fifth career win in Toronto. If you’re looking for a bigger payout, Power or Rosenqvist could be surprise winners with great odds.

For IndyCar betting news, odds analysis, and more, visit Point Spreads Sports Magazine.

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