Every year the Hot Dog Eating Championship goes down at Coney Island in New York. The 2020 hot dog eating contest will still be at Coney Island but it is a different spot due to the Covid-19 restrictions. Regardless, the top competitive eaters will gather on Saturday and shove as many hot dogs and buns down their throats as possible in 10 minutes. There are betting odds every year. I don’t suggest putting the house on a hot dog eating contest but it does make for some “fun” bets when you’re celebrating and putting a little bit of money on the action. For those of you who will be betting, here is a summary of previous year results and the best bets for the 2020 Nathan’s Hot Dog Eating Contest. 

Hot Dog Eating Contest Results

Joey Chestnut came onto the competitive eating scene back in the mid 2000s and he won his first Hot Dog Eating Title in 2007. He has won 12 of the last 13 Hot Dog Eating contests since then. The guy is an absolute animal and it’s entertaining TV to watch. He has ate an average of 66.16 hot dogs per win during that stretch. The only year that someone was able to beat him since 2007 was in 2015 when Matt Stonie beat him. Joey Chestnut is the massive betting favorite to win again this year. Let’s take a look at the betting odds.

Hot Dog Eating Contest Betting Odds (To Win)

Joey Chestnut (-1600)

Field (+700)

So you can take Joey Chestnut to win at a very large price. You would have to risk $1,600 to profit $100 if you bet on him to win. Those are the type of odds that you are going to see when someone is the back to back to back to back Hot Dog Eating contest winner and has won 12 out of the last 13. The top competition for Joey Chestnut is Geoffrey Esper who ate 83 slices of pizza in 10 minutes. However, Esper only ate 47 hot dogs in last year’s contest which was 24 short of Chestnut’s 71. It’s tough to bet the field here with the dominance that Chestnut has had for more than a decade. 

Men’s Winner Total Hot Dogs Eaten Over/Under (72.5) 

The over is juiced to (-175) which means that you would need to risk $175 to profit $100 if you bet the over. The under is at (+140) which means if you bet $100 that you would profit $140 if it goes under 72.5. I think this is the real value as far as the betting options go. Sure, you can take Chestnut to win but there isn’t much of a return on that. You could take under 72.5 hot dogs for the winner and get (+140). KofSports always has stats to back up the picks and predictions that we make and we have one for this selection. Out of Chestnut’s 12 career Hot Dog Eating Titles, he has only ate more than 72.5 hot dogs once. He’s come close a few years but he has only gone over 72.5 one time. The under looks like the most valuable play.

Hot Dog Eating Contest Best Bet

So you could take a high percentage play of Joey Chestnut to win. Which he has done 12 out of the last 13 years (92% trend) and get (-1600) odds. OR you could take the winner to go under 72.5 hot dogs which Chestnut has done 11 out of his 12 wins (91.6% rends) and get (+140) odds. Based on the likelihood and payouts for each scenario, my money will be going on the UNDER. Enjoy your Fourth!

Joey Chestnut
Hot Dog Eating Contest
Betting Preview
Best bet

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Categories: Betting

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