Joey Chestnut is excited about his chance to win his 14th mustard belt, and break his own record at Nathan's Famous Fourth of July Hot Dog-Eating Contest.Chestnut is more than just a six-time winner of the title. He was a -5,000 favourite over the field at DraftKings, and was sitting at -3000 on Saturday at Caesars Sportsbook By William Hill in New Jersey. To win $100, you would need to wager $3,000His incredible odds placed Chestnut in impressive company. In the 2019 World Cup, the U.S. women’s soccer team was a -5,000 favourite over Thailand. The United States won 13-0. Last season, the Kansas City Chiefs were -5,000 favorite over the New York Jets. Kansas City won 35-9.In the five years since his dynasty began, Chestnut has had similar success. He's outdone his closest competitor by 18.6 hot dogs and buns on average. He ate a record 75 hotdogs and buns last year while the COVID-19 pandemic kept the competition inside. He claims he will be eating more this year.Chestnut stated that she hoped to find a rhythm where she can push and feel comfortable. "Hopefully, 76 and 77 sounds doable."Joey Chestnut, who consumed a record 75 hotdogs and buns in ten minutes last year to win Nathan's Famous Fourth of July Hot Dog Eating Contest, said this year that "76,77 sounds doable". Peter Foley/EPACaesars has 73.5 over/under for the number of hot dogs or buns that the winner eats (-200 more)New Jersey, Indiana, and Colorado are some of the states that allow sportsbooks bets on hot dog-eating competitions. Some sportsbooks have compared the betting handle with how much money is wagered on Major League Baseball games. DraftKings stated that the event's last-year betting handle was higher than any other competition eating contests.Only the Academy Awards is the novelty market that DraftKings offers with the highest level of betting interest.While the majority of the betting will occur Sunday morning during the hours leading to the men's contest at noon ET, ESPN, the bulk of the wagering will be done on Sunday. However, if early wagering is indicative of what's coming, it's clear that gamblers have a hard time swallowing the wager on Chestnut. DraftKings had 98% of early wagers on Friday at 9-1.
