How to Bet the Nathan's Hot Dog Eating Contest

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It's the Fourth of July and while some Americans will be happy to down a couple of hot dogs, a number of competitors will attempt to eat more than 40. In a move that might sound almost as ridiculous as the event itself, some states and legal online sportsbooks allow players to bet on the contest. As such, we've put together a guide for how to bet the Nathan's Hot Dog Eating Contest.

Before today's event, you can sign up for a online sports betting account and wager on Joey Chestnut and the rest of the field. Our guide for how to bet the Nathan's Hot Dog Eating Contest includes new user promos, as well as available prop bets.

How to Bet the Nathan's Hot Dog Eating Contest

Joey Chestnut has long been viewed as the greatest competitive hot dog eater to ever take to the table at the Nathan's Famous flagship restaurant. He's a massive favorite to win the title once again. Let's take a quick look at the most up-to-date odds:

Keep in mind that betting on the Nathan's Hot Dog Eating Contest is only available in some states where online sports betting is legal. If you sign up for an account, but can't find the event, chances are your state doesn't allow betting on the contest. However, each of the new user promos below can instead be used on any MLB game, Wimbeldon or another sports event like Saturday's UFC 290 card.

Bet $5, Get $150 With DraftKings Sportsbook

DraftKings Sportsbook has a ton of interesting prop bets available. Not only can you select a potential winner, but you can also bet on which competitor will finish as the winner not including Joey Chestnut. That means you'd be able to get -300 odds on Geoffrey Esper to win without Chestnut instead of putting your money on Esper to actually beat Chestnut at +1000 odds.

The mechanics of the DraftKings offer are simple. Sign up via our links, make a $5+ deposit and wager $5+ on any betting market. No matter how your first bet settles, you will receive a $150 return in bonus bets that you can use on other markets and games this week.

to secure a $150 guaranteed bonus with a $5+ wager on any competitor.

$1,000 No-Sweat First Bet From FanDuel Sportsbook

FanDuel Sportsbook has become America's #1 sportsbook app for a variety of reasons. The app is incredibly user-friendly, while the new user promo of a 10x your first bet stacks up well against offers from other sportsbooks. With this offer, you'll receive 10x your initial wager of $5+, maxing out at a $200 guaranteed bonus with a $20 wager on any market.

FanDuel has odds available for the men's outright winner, women's outright winner, total number of hot dogs eaten and more. In terms of total number of hot dogs eaten, you could get Joey Chestnut to eat over 72.5 hot dogs at -112 odds and Miki Sudo to eat over 43.5 hot dogs at the same -112 odds.

Register with FanDuel Sportsbook to take advantage of the $1,000 no-sweat first bet offer.

Bet $1, Get $200 Bonus From Bet365

Bet365 has the largest bonus available to prospective bettors in Colorado, Iowa, New Jersey, Ohio and Virginia. New users who register via our links with bet365 bonus code NEWSXLM will be able to turn a $1 wager on the hot dog eating contest into $200 in guaranteed bonus bets. You can use the bonus bets on other games and sports events in any league this week.

Not only does bet365 have odds available for competitors to win, but they've also rolled out a pair of bet boosts. You can get +1800 odds (boosted from +1600) on any participant other than Chestnut, Epser, Wehry, Wbb, Breeden or Oji to win. There's also a bet boost available for Nick Wehry to win at +2500 odds (boosted from +2200).

Register with bet365 bonus code NEWSXLM to secure $200 in guaranteed bonus bets with a $1+ wager on the Nathan's Hot Dog Eating Contest.

Caesars Sportsbook's Full Caesar Comes With $1,250 Bet for Contest

If you want to throw down a big wager on any of today's games or sports events, Caesars Sportsbook has an enormous offer. Registering via our links with Caesars Sportsbook promo code NEWSWEEKFULL will earn you a $1,250 first bet on the sportsbook, as well as bonuses for the Caesars Rewards program. Your first cash wager will either earn you a profit with a win or second-chance bonus bets with a loss that your could use on another game or event this week.

The Full Caesar offer also comes with 1,000 Reward Credits and 1,000 Tier Credits for the Caesars Rewards program. Reward Credits can be redeemed for hotel stays, entertainment experiences, dining and more. Tier Credits build up over time and activate higher bonus levels.

Grab a $1,250 first bet and more with the Full Caesar offer when you register with Caesars Sportsbook promo code NEWSWEEKFULL.

BetMGM's $1,000 First Bet Offer for the Hot Dog Eating Contest

BetMGM has another new user offer to consider for this week's biggest games and events. If you'd rather bet on Major League Baseball than the Nathan's Hot Dog Eating Contest, BetMGM's $1,000 first-bet offer could be of interest to you. What makes this offer stand out from the other fully-backed first bet offers is how your bonus bet refund would convey.

Rather than receiving a single bonus bet of up to $1,000 if your first bet loses, you would instead earn five bonus bets to apply to other betting markets. This gives you multiple ways to pick up a win, rather than another one-shot bet.

for a $1,000 first-bet offer to use on any hot dog eating contest market.

Newsweek may earn an affiliate commission if you sign up through the links in this article. See the sportsbook operator's terms and conditions for important details. Sports betting operators have no influence over newsroom coverage. If you or a loved one has a gambling problem call the National Council on Problem Gambling 24/7 at 1-800-GAMBLER. Must be 21 or older to gamble.

New Customers only. Bet $1 and get $200 in Bonus Bets. Sign up, deposit (minimum $10) to your account and place a qualifying bet of $1 to get $200 in Bonus Bets once your bet is settled with bet365. Bonus Bets winnings are added to Bonus Bets balance. Bonus Bet wager excluded from returns. T&Cs, time limits & exclusions apply.