Nathan’s Hot Dog Eating Contest betting odds and backstory as this famous July Fourth tradition lights up Coney Island.
The hot dog. A tasty street food that has become closely associated with American culture. So, it is perhaps fitting that, on Independence Day, thousands flock to Coney Island in New York to watch grown men and women stuffing their faces with them.
Nathan’s Hot Dog Eating Contest, the famous July Fourth tradition, has taken place in Coney Island every year since 1916. It is said that four immigrants gathered at the original Nathan’s Famous hot dog stand here over 100 years ago to take part in some friendly competition. Now, the competition is fiercer than ever.
Here’s everything you need to know about the competition, including Nathan’s Hot Dog Eating Contest betting odds for 2023.
Who are the Contestants?
Every July 4th at 11am, the women line up behind a 40-foot table to begin the 12-minute hot dog eating contest.
Then, at noon, it’s the men’s turn to give it a shot.
In total, there are 20 competitors in each heat. However, two individuals stand out from the ketchup and mustard lovers.
Men’s Category
In the men’s category, Joey “Jaws” Chestnut is certainly the one to beat (as shown in the Nathan’s Hot Dog Eating Contest betting odds later). Joey Chestnut is the current world record holder, breaking his own record in 2018 when he wolfed down 74 Nathan’s Famous Hot Dogs and buns in 10 minutes.
He then beat it AGAIN in 2021:
Joey Chestnut’s 2022 Hot Dog Eating
In 2022, Joey Chestnut became 15-time champion of this iconic competition. He ate 63 hotdogs and blew away his opponents, but it may have been more if he hadn’t been interrupted by a protestor on stage. Joey dealt with him anyway.
Regardless, the 2022 Hot Dog Eating Contest cemented Chestnut’s place as the best hot dog eater in the game. And he’s back for more in 2023.
Women’s Category
Similar to the men’s heat, it’s one competitor against the rest of the field here. New York resident, Miki Sudo, has eaten a record 48.5 hot dogs in the past and leads the betting markets by a long stretch.
Sudo could not compete in 2021 as she was expecting. While away, Michelle Lesco became the 2021 Hot Dog Eating Competition champion. However, Sudo returned from maternity leave in 2022 and won her eighth women’s title! Not many are looking past her.
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What is the Nathan’s Hot Dog Eating Contest Prize?
The prize for eating the most hot dogs on Independence Day is the coveted mustard-yellow belt. Yes, here it is with Joey Chestnut.
Oh, and a cash payout of $10,000. The competition gives out a total of $40,000 in prize money, so those who do not win will also receive a cut of the prize money.
Reigning Hot Dog Eating Contest Champion
Men’s Champion: Joey Chestnut (15x Winner)
Women’s Champion: Miki Sudo (8x Winner)
Nathan’s Hot Dog Eating Contest Betting Odds
Here are the current Hot Dog Eating Competition Betting Odds at BetMGM Sportsbook:
Men’s Outright Winner
| Joey Chestnut | -5000 |
| Goeffrey Esper | +1200 |
| Nick Wehry | +2000 |
| James Webb | +2500 |
| The Field | +3000 |
| Bartley Weaver IV | +4000 |
| Gideon Oji | +5000 |
| Ren Zoza | +5000 |
| Darrien Thomas | +6600 |
| Adrian Morgan | +6600 |
This is pretty crazy. A $100 bet on Joey Chestnut to win on Independence Day would return just $2 profit. No surprises who the books think will win this contest.
Women’s Outright Winner
The odds are just as crazy when it comes to the women’s Hot Dog Eating Contest. A $100 bet on Miki Sudo to eat the most hot dogs would return just $2 profit. Betting on the rest of the field (anyone to win other than Miki Sudo and Michelle Lesco) could win you $2,500 profit from that same $100 wager.
Total Hot Dogs Eaten Odds – Joey Chestnut
The line at BetMGM is set at 73.5 hot dogs. The books have a feeling there is slightly more chance of Chestnut eating 73 hot dogs or less.
Can Joey Chestnut Beat His Own Record?
Remember, his current world record stands at 76 hot dogs. If you think he can beat his own record, a $100 bet on Joey to eat 76 or more would return $250 profit. Or, if you think he will eat 74 or less, $100 would earn just $28.57 profit.
Total Hot Dogs Eaten Odds – Miki Sudo
Sudo ate 48.5 hot dogs when she broke the world record. Can she go one step further?
Similar to Joey Chestnut, the books believe that Sudo will eat less than her current record.
A $100 bet on Sudo to eat more than 48.5 hot dogs would pay out $200 profit. The same $100 wager on her to eat less than 48.5 hot dogs would win just $36.36 profit.
Where to Find the 2023 Hot Dog Eating Contest Betting Odds?
Here’s how to find the betting odds above at BetMGM Sportsbook:
- Head over to BetMGM Sportsbook by clicking here
- From the ‘Sports’ categories, choose ‘Specials’
- Select ‘2023 Nathan’s Hot Dog Eating Contest’ to see all of the betting markets available!
Where Can I Watch?
If you are in New Jersey, you can head down to the corner of Surf and Stillwell Avenues in Coney Island to watch. However, be prepared for huge crowds potentially reaching 40,000.
Or, you can watch at home on ESPN, ESPN3 and social channels from 10am on July Fourth.
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