2020 Nathan’s Hot Dog Eating Betting Odds & Picks; Joey Chestnut Remains Massive Favorite

Betting on the annual Nathan’s Hot Dog Eating Contest this 4th of July may be more popular than ever with the lack of baseball, World Cup soccer, Olympics, & even tennis to bet on. For those looking to bet on the event for the first time, it will come as no surprise that Joey Chestnut is the massive favorite Here are the official betting odds courtesy of DraftKings

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Joey Chestnut is currently listed at -1000 to win for the men with any other participant winning at +550. On the women’s side Miki Sudo is -835 to win with any other participant winning listed at +500.

Joey Chestnut – 12x Champion

With reports of Chestnut eating over 90 pounds of hot dogs while in quarantine, good luck to anyone who feels like playing that +550. Quite frankly, it is not wise.

What was once Kobiyashi’s “sport” is now Chestnut’s having claimed 12 titles since beating the six-time defending champion in 2007. Since that time, he has lost once (2015 to Matt Stonie). These odds would need to be pushing +1000 to even consider a bet on any other participant.

The contest will be held at an indoor location this year and with a more limited participant pool (only six participants compared to the usual 20) so chances of an upset are likely lessened. Chestnut’s world records are far too numerous to list which include eating mutton sandwiches, Big Macs, croquettes, and hard boiled eggs. Chestnut hold the current record for hot dogs eaten with 74 in 10 minutes which he set in 2018.

Miki Sudo – 6x Champion

The women’s competition has been held since 2011 and has only had two winners: Sonya Thomas from 2011 to 2013 and Miki Sudo from 2014 to 2019. Sudo will eventually be unseated, but the chances of you picking which year that happens is far less than the implied +500 odds unless you have some sort of inside information.

If the given odds were greater, say +1000. I would definitely consider a bet on one of the other participants. With the limited participant pool, this doesn’t seem like the year to take a dog.

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Best Bet

The hot dogs eaten prop bet will be where you want to look if looking to place a wager on the contest. They are listed below:

That 74.5 line is interesting as it’s implying that Chestnut will break his own record. Chestnut failed to do so last year with “only” 72 hot dogs eaten so will the spectator-free, weather controlled environment help? Is it easier to eat hot dogs when not in the scorching July heat of Coney Island?

I’ll take my chances on that under 74.5 with the lack of adrenaline that may be present under the more tame circumstances, but likely wouldn’t place a bet on it at -162 unless I was forced to.

However, that under 40.5 for Sudo appears to be the best bet for the contest. Sudo has only surpasssed that total once in her six championships (41 in 2017). With that in mind, the plus-money here appears to be great value.

Best Bet: Sudo Hot Dogs Eaten Under 40.5

Good luck!

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