Nathan’s Hot Dog Eating Contest betting odds and backstory as this famous July Fourth tradition lights up Coney Island.
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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 2022.
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.
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:
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 last year as she was expecting. While away, Michelle Lesco became the 2021 Hot Dog Eating Competition champion. However, with Sudo returning from maternity leave, not many are looking past her.
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
Women’s Champion: Miki Sudo
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
This is pretty crazy. A $100 bet on Joey Chestnut to win on Independence Day would return just $3.33 profit. If anyone else in the field wins, a $100 bet would return $1,000 profit!
Women’s Outright Winner
Even more crazy this time. A $100 bet on Miki Sudo to eat the most hot dogs would return just $2 profit. Betting on the rest of the field could win you $1,100 profit from that same $100 wager.
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Total Hot Dogs Eaten – Joey Chestnut
Remember, his current world record stands at 76 hot dogs. If you think he can get in that similar ballpark figure, a $100 bet on Joey to eat 75 or more would return $71 profit. Or, if you think he will eat 74 or less, $100 would earn $110 profit.
Total Hot Dogs Eaten – Miki Sudo
Sudo ate 48.5 hot dogs when she broke the world record. Can she go one step further?
A $100 bet on 50 or more hot dogs to be eaten would win you $155 profit. Or, the same bet on 49 or less hot dogs to be eaten would yield $44 profit.
Where to Find the 2022 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 ‘2022 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 and social channels from 10am on July Fourth.