Ontario Honda Dealers Indy at Markham odds have Alex Palou on top at +175 as IndyCar heads north for the first race ever held on the 2.19-mile, 12-turn Streets of Markham circuit on Sunday, August 16, 2026. Palou arrives on a two-race winning streak, but a brand-new venue resets much of the usual handicapping input. Here is how the board is arranged.
Last Updated: Wednesday, August 12, 2026
Ontario Honda Dealers Indy at Markham — Time & How to Watch
| Where | Streets of Markham, Markham, Ontario |
| When | Sunday, August 16 – 12:00 PM ET |
| TV | FOX (TSN in Canada) |
2026 Ontario Honda Dealers Indy at Markham Betting Preview
This is the first NTT IndyCar Series race at Markham Centre. The event moved from Toronto’s Exhibition Place under a five-year deal announced in September 2025. The layout runs 2.19 miles across 12 turns, and the race covers 90 laps.
Street courses reward a narrow skill set. Braking stability over bumps and clean track position matter more than raw single-lap pace. Passing is difficult, so grid slot and caution timing carry outsized weight. The wrinkle is that nobody has raced here. Teams start from simulation rather than prior setup data.
That uncertainty explains the shape of the board. The market has leaned on 2026 form and street pedigree, because venue-specific results do not exist. Palou sits on top after winning six of 13 races, including a 4.1-second win at Portland that pushed his lead to 110 points.
The old venue still shapes the narrative. Pato O’Ward won the final Toronto running in July 2025, with Rinus VeeKay second and Kyffin Simpson third. Among active drivers, Scott Dixon leads with four Toronto wins. Those records belong to a different circuit, however, and the board has priced them accordingly.
Ontario Honda Dealers Indy at Markham — Top Odds to Win
| Name | Odds |
|---|---|
| Alex Palou | +175 |
| Kyle Kirkwood | +350 |
| Christian Lundgaard | +750 |
| David Malukas | +900 |
| Pato O’Ward | +900 |
| Scott McLaughlin | +900 |
| Josef Newgarden | +1600 |
| Scott Dixon | +1600 |
| Will Power | +1600 |
| Marcus Armstrong | +2500 |
Odds accurate as of Wednesday, August 12, 2026 via TheSpread.com. Odds change, get the latest IndyCar Odds – Props
Markham Odds Favorite: Alex Palou
Palou is the shortest price at +175, an implied probability near 36 percent. He has won six races in 2026 and leads the standings with 510 points. Two of those wins came on street circuits, at Long Beach in April and Detroit in May. At Portland he led 60 laps and won on an overcut, the kind of execution that decides races where passing is scarce.
Still, +175 leaves little room. A 25-car field on an unknown street layout produces first-lap contact, safety-car cycles and pit traffic that speed alone does not control. Markham also has a double-sided pit lane, another variable in stop sequencing. The price reflects season-long dominance more than the risk profile of a debut venue.
Kyle Kirkwood at +350 is the only other driver in the chalk tier. He is second in points at 400, finished fifth at Portland, and won the season’s other debut street race at Arlington in March. How heavily to weight that credential is the open question here.
Markham Mid-Board Contenders
The middle of this board is unusually decorated. Three drivers sit together at +1600, and all three won at the event’s former home.
Scott Dixon (+1600) owns four Toronto wins, more than any other active driver. He is also winless in 2026 and sits 12th with 252 points. The market is weighting current form over a record tied to a circuit no longer on the schedule.
Will Power (+1600) has three Toronto wins and finished third at Portland in his first start there with Andretti Global. He is 11th with 256 points after a slow first half. His price reflects inconsistency, not a lack of street-course capability.
Josef Newgarden (+1600) has two Toronto wins and two victories in 2026, at Phoenix and Gateway. Both came on ovals. He is seventh in points at 335, and the board appears to discount a road and street record that has not matched his oval work.
Marcus Armstrong (+2500) closes the top 10. The Meyer Shank Racing driver is 15th with 230 points, while teammate Felix Rosenqvist won the Indianapolis 500 in May. Armstrong is priced as a driver in capable equipment who has not converted it.
Markham Long Shots on the Board
The long end of this 25-car board runs from +6600 to +30000, and the reasons vary.
Kyffin Simpson (+10000) is the notable name down here. He finished third at the final Toronto race for his maiden IndyCar podium, then took a top-10 at Portland this month, and he drives the Chip Ganassi Racing entry alongside Palou’s. Equipment is not the limiting factor here; conversion is.
Mick Schumacher (+8000) is a rookie at Rahal Letterman Lanigan Racing whose career-best finish is eighth, at Nashville in July. A blind venue where nobody holds a data advantage is the friendliest setup a rookie gets. Street races also punish inexperience in traffic.
Santino Ferrucci (+6600) is in his fourth season with AJ Foyt Racing and sits outside the top 15 in points, with three top-10 finishes in 2026 and no top fives. The price is a fair read on a season short of pace.
2026 Markham Odds: What to Watch
The defining feature of this market is how little venue-specific information sits underneath it. Every other street race on the calendar carries years of lap data. This one carries none, which is why the board reads largely as 2026 championship order.
Expect movement once the cars run. Friday practice will show which teams brought a workable simulation baseline, and Saturday qualifying should matter more than usual on a 12-turn temporary circuit. Mid-board names who find early speed are the likeliest to shorten.
Championship context is the other thread. With five races left and a 110-point gap, Palou’s approach may be shaped as much by points math as by the win. For recent comparison, see our Grand Prix of Portland odds breakdown.
IndyCar Ontario Honda Dealers Indy at Markham FAQ: Sunday August 16, 2026
Who is the favorite to win the Ontario Honda Dealers Indy at Markham?
Alex Palou is the favorite at +175. The Chip Ganassi Racing driver leads the 2026 IndyCar standings with 510 points and has won six races this season, including the Grand Prix of Portland on August 9. Kyle Kirkwood is next on the board at +350.
What are the odds to win the Ontario Honda Dealers Indy at Markham?
Alex Palou is +175, Kyle Kirkwood +350 and Christian Lundgaard +750 at the top of the board. David Malukas, Pato O’Ward and Scott McLaughlin are all +900, while Josef Newgarden, Scott Dixon and Will Power sit together at +1600 in a 25-driver field.
What time does the Ontario Honda Dealers Indy at Markham start?
The green flag is scheduled for 12:00 PM ET on Sunday, August 16, 2026. Practice sessions run Friday afternoon and Saturday morning, with qualifying set for Saturday afternoon and a Sunday morning warm-up ahead of the race at the Streets of Markham.
What channel is the Ontario Honda Dealers Indy at Markham on?
The race airs on FOX in the United States and on TSN in Canada. Practice and qualifying sessions across the weekend are carried on FS1 and FS2, with the Sunday race itself on the main FOX broadcast network at 12:00 PM ET.
How many laps is the Ontario Honda Dealers Indy at Markham?
The race is scheduled for 90 laps, covering 197.1 miles. The Streets of Markham circuit measures 2.19 miles, or 3.52 kilometres, and features 12 turns plus a double-sided pit lane in its inaugural NTT IndyCar Series configuration.
Where is the Ontario Honda Dealers Indy at Markham being held?
The race runs on the Streets of Markham in Markham, Ontario, a temporary circuit at Markham Centre. The event relocated from Toronto’s Exhibition Place under a five-year agreement announced in September 2025, making 2026 the first IndyCar race held at this venue.