For the first time ever, bets on Nathan’s iconic hot dog eating contest on July 4 are on the table for American sports betting. The event has long been a preferred offshore, but with three states – New Jersey, Colorado and New Hampshire – who have approved their decision, the 2020 bid figures for being one of the players will appreciate it.
“ESPN had already affirmed us as a sport in the early 2000s,” said Major League Eating president Rich Shea, according to Bleacher Report. “But, with legal betting, we are really now as legitimate as the NFL and the NBA. ”
Chestnut, 13 times champion, was installed as a favorite -1000 (a bet of $ 1000 wins $ 100) by Draft Kings. The gaming site, in partnership with Major League Eating for the event, places Chestnut’s at 72.5 francs. A year ago, Chestnut cut 71 hot dogs and buns, and he has the all-time 74 mark, a total he totaled in 2018.
The restaurant star admitted that seeing the odds was a strange new factor in the competition, tweeting, “It’s weird to watch the betting odds and see the predictions on my performance. “
The coronavirus factor
The annual event traditionally takes place on Brooklyn’s Coney Island, at Nathan’s famous flagship restaurant. But due to Covid-19, the 2020 edition will take place in an undisclosed dining location, with social distancing measures in place.
And the pandemic could tip hot dog trays even more in Chestnut’s favor, as his main challenger – and the only man to overtake him – Matt Stonie – is sidelined in California due to travel restrictions. (Chestnut is also a resident of California, but traveled to New York before the self-quarantine rules came into force.)
In 2015, Stonie shocked the competitive food world, devouring Chestnut with 62 hot dogs at 60.
Nick Wehry, who is ranked 8th, “will dine in his place,” said Major League Eating.
In women, defending champion Miki Sudo, six-time defending champion, will resume her seat at the table and has been installed as a heavy favorite of -500. Players will also be able to dig into additional bets, including betting that there will be a face-off in the event of a tie.
Experts estimate that up to $ 1 million will be spent on Nathan nibblers in July; Legalizing betting suggests that the number will swell like the stomachs of the best eaters in the world.
Nathan’s Famous said it would donate 100,000 hot dogs to the New York Food Bank before the event, as it did in previous years. But this year, the competition will also be dedicated to fundraising and raising awareness of food banks nationwide. The hot dog company also said that the competition would honor essential workers, “who continue to serve the public despite the risks to themselves during this pandemic.”
How to watch
ESPN coverage of the competition begins at 12 noon on Saturday. Coverage for the women’s competition will start at 12:20 p.m. and the men will follow at 12:40 p.m. Each round lasts 10 minutes.