Joey Chestnut is back in the running for his record-extending 17th yellow belt, with odds of -1600. Patrick Bertoletti, last year’s champion during Chestnut’s hiatus, has +1200 odds. Miki Sudo is a massive -2500 favorite to win her record-extending 11th pink belt.
Despite their short odds, bettors are looking for value in other props like total hot dogs and buns eaten. The over-under for Chestnut stands at 71.5, but sentiment among the betting public varies between books. ESPN BET reports 69.9% of handle backing the over, while BetMGM shows 86% on the under.
There are also markets for Winner Without Chestnut and Sudo. Bertoletti is the public’s clear preference, while Geoffrey Esper attracts attention with +300 odds. FanDuel lists a market where 80% of wagers are on The Field (+720), but 87% of handle bets on Chestnut (-1800).
Source: https://www.espn.com/espn/betting/story/_/id/45659348/chestnut-huge-favorite-nathan-hot-dog-eating-contest-return