Caesars Sportsbook on Monday had Chestnut listed as a -3,000 odds-on favorite to down the most hot dogs and buns during the messiest 10 minutes in sports.
Every other contestant is listed at +1,400 (14-1) or longer. The over/under on the number of hot dogs and buns eaten by Chestnut is 72.5 at some sportsbooks.
Chestnut is such a big favorite at a few sportsbooks that bettors must risk $4,000 on him to win a net $100. On Monday, DraftKings reported taking a $2,000 bet on Chestnut that would win a net $50 if he is victorious again. An upset, however, would cost the bettor the two grand.
While most of the bets on the contest are small, FanDuel reported taking a $2,240 bet on Chestnut to eat over 71.5 hot dogs.
The women's contest will be broadcast at 10:30 a.m. ET on Tuesday on ESPN3, followed by the men's contest at 12 p.m. ET on ESPN2.