Will you bet this event? Who do you like to win? Read more here.As expected, Joey Chestnut, the greatest eater in history is the betting favorite at -110. Chestnut has dominated the annual Fourth of July Nathan’s Hot Dog Eating Competition and he is currently No. 1 in the world in MLE’s eating rankings. As of this writing, Chestnut holds the world hot dogs eating record with an incredible 74 Nathan’s Famous hot dogs and buns in 10 minutes.