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Memorial Day Motor Sports Parlay Pick- Indy 500 & Coca-Cola 600

Motor sports bettors get a double dose of action this Sunday as part of the Memorial Day celebration. This is the one day of the year where IndyCar racing and NASCAR's Cup Series collide to provide back-to-back racing action starting at 12 noon and running right through Sunday night.

Betting on NASCAR - Picking the Right Online Sportsbook

There are any number of ways to bet on this year's Indy 500 at Indianapolis Motor Speedway and the Coca-Cola 600 from Charlotte Motor Speedway at all the top online sportsbooks taking action on each race. I decided to come up with a parlay play based on the betting odds to win each of these high-profile events for their respective sport. After breaking down the betting futures to win for each race, the following two drivers come together perfectly to maximize the value in the current betting odds.

2018 Indy 500 Winner

The odds to win Sunday's Indy 500 for the top three drivers in the field start with Alexander Rossi at +800 followed by Josef Newgarden and Helio Castroneves at +1000. Some of the other prominent drivers in the field include Will Power at +1100, Scott Dixon at +1200 and Marco Andretti at +1600.

I decided to go with the added value in Newgarden's odds as my top pick to win. This guy is tearing it up this season behind the wheel of the No. 1 Chevrolet starting with a previous victory in the Phoenix Grand Prix in early April after starting on the pole. He followed this up with another trip to the Winner's Circle in this year's Grand Prix of Alabama later that month after starting seventh. This has him ranked first in the current IndyCar standings with a total of 178 points.

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It is hard to dominate a racing circuit like IndyCar and I was especially impressed with his recent victory in Alabama starting that far back in the field. The one thing working against him on Sunday is a starting position of fourth in the biggest race of the year, but some of his toughest competition is starting further down the grid. Newgarden's best finish in the Indy 500 in recent years was third in 2016.

2018 Coca-Cola 600 Winner

The easy pick to win Sunday night's Coca-Cola 600 would be Kevin Harvick at +180 odds. He has already posted five Cup Series victories in the first 12 point races on the schedule and he is coming off a victory last Saturday night at Charlotte in the exhibition All-Star Race. There is also some solid value in Kyle Busch at +450 odds given his three previous trips to Victory Lane this season.

Betting on NASCAR - Who's A Great Futures Bet?

I am going a bit deeper on the list for my top pick in this race with Martin Truex Jr. at +550 odds to win. Following the defending Cup Series Champ on the Coca-Cola 600 betting board are Kyle Larson at +700, Brad Keselowski at +1000 and the trio of Denny Hamlin, Joey Logano and Ryan Blaney at +1200.

One of the main reasons I am stretching the odds a bit with Truex is the value he brings to the table in this race as the defending champ. Driving the No. 78 Toyota, he has placed within the top five in seven of his first 12 races this season highlighted by an earlier victory at Fontana. Coming into Charlotte, current form was solid with a fourth-place finish at Dover followed by a runner-up finish two weeks ago at Kanas. The biggest value that Truex adds to his odds to win on Sunday night is a pair of victories at this track in his last four runs. He won the Coca-Cola 600 in 2016 and then went on to win the second race at Charlotte last season.