The latest Indianapolis 500 betting odds have been posted courtesy of betED.com. 

Compared to previous years, the Indianapolis 500 is garnering more attention from sports bettors though this massive sporting event comes nowhere near the Kentucky Derby and Super Bowl in terms of a betting frenzy.

Nevertheless we are witnessing action on this year's Indianapolis 500 race.

The favorite to win this year's Indianapolis 500, Dan Weldon, is a successful British race car driver who in 2005, won both the Indianapolis 500 and the IRL series championship. His six victories in 2005 also broke the record for most victories in one IRL season held by Sam Hornish Jr with 5. His win at Indy was the first for an Englishman since Graham Hill's triumph in 1966. But in November of 2005, it was announced that he would be driving for Chip Ganassi Racing in the IRL in 2006. Shortly after his first IRL test with Ganassi, he won the 24 Hours of Daytona with Ganassi teammates Scott Dixon and Casey Mears.

Here are your most updated Indianapolis 500 Betting Odds as of May 26, 2007:

Dan Wheldon +300  (pays $300 for every $100 bet)- -
Helio Castroneves +350 (pays $350 for every $100 bet)
Sam Hornish Jr +375 - -
Tony Kanaan +400 - -
Scott Dixon +450 - -
Dario Franchitti +850 - -
Michael Andretti +900 - -
Marco Andretti +975 - -
Danica Patrick +1200 - -
Vitor Meira +1500 - -
Thomas Sheckter +2000 - -
Ryan Briscoe +2500 - -
Buddy Rice +2500 - -
Scott Sharp +3000 - -
Field +1000