Nathan's Hot Dog Eating Contest Odds (Updated)

The Nathan's Hot Dog Eating contest odds have had to be updated dramatically within the last 24 hours due to heavy betting on this event at both Sportsbook.com and Bookmaker.com.  Sportsbook.com is offering odds on the actual contestants while Bookmaker.com is offering betting odds on the over/under number of hotdogs that will get devoured.

At Sportsbook.com both Joey Chestnut and Takeru Kobayashi were dead even favorites that required a $23 bet to win $20 (you would get the initial $23 bet back as well if your bet is a winner).  One of the better values here is the "field" choice, which encompasses everyone else and pays $3 for every $1 bet.

In an interesting development,  Bookmaker.com cut its total odds on the number of hot dogs that would be eaten down from 68 1/2 to 56 1/2.  Gambling911.com had recommended the UNDER on the 68 1/2 following news that the contest could be reduced from 12 minutes to 10 minutes. 

"Gamblers are hungry for something to bet on this time of year," Gambling911.com's Payton O'Brien stated. "There is baseball and then there is....well, the 2008 Nathan's Hot Dog Eating Contest."

And the contest usually brings in more money the 4th of July than does baseball.  This year will be no exception as the interest in this year's Nathan's Hot Dog Eating Contest betting is quite substantial.

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Christopher Costigan, Gambling911.com Publisher CCostigan@CostiganMedia.com

Originally published July 3, 2008 8:25 pm EST