Every July 4th, the Nathan’s Hot Dog Eating Championship takes center stage in Coney Island, New York.
The competitive eating event has been dominated by the participants that are favored going into Monday’s championship.
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Joey Chestnut has won 14 of the past 15 contests, including six straight since getting upset by Matt Stonie in 2015.
Chestnut is a heavy favorite, priced at -3000 at BetMGM, capturing 12% of the tickets and 18% of the handle. While Chestnut is a massive favorite, the field is drawing the money — 88% of the tickets and 82% of the handle.
The total hot dogs prop for Chestnut opened at 74.5 and has remained there, though it has moved slightly, from -135 to -140 for the Over. Chestnut has set records in the past two Nathan’s Hot Dog Eating Championships, eating 75 hot dogs in 2020, and 76 hot dogs in 2021.
Miki Sudo, who missed last year’s event due to her pregnancy, had won seven straight contests before Michelle Lesco captured the 2021 event.
Sudo is even more heavily favored, priced at -5000 at BetMGM, and while she is on just 4% of the tickets, Sudo is bringing in 11% of the handle. That means the field is getting 96% of the tickets and 89% of the handle.
Sudo’s total hot dogs eaten opened at 49.5, which is one higher than the record she set in 2020, but that number has dropped to 43.5 since. Lesco, last year’s winner, was credited with 30 3/4 hot dogs eaten.