Hot Dog Contest Odds: Joey Chestnut Favorite On Fourth Of July

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Chestnut outdistances the field, which is pegged as a +325 underdog to produce a competitive eater that can take down the 34-year-old at this year's event. She competed against 19 women this year.

Major League Eating, the event's official organizing body, offers a total prize pool of $40,000, with $20,000 each dispersed in the men's and women's divisions. The prize money, as in years past, is $10,000 for the first place victor. Per usual, most will be tuning in to see if the current champion - Joey "Jaws" Chestnut - can emerge victorious and defend the crown yet again.

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Chestnut recently told us how he prepares for competition and looks like his method paid off because he out did his competition by nearly 30 hot dogs. She made a strong run at Sonya Thomas' record of 45 hot dogs eaten in 2012. This will be Joey's 11th mustard belt as he ate a whopping 74 hot dogs within the 10-minute timeframe.

It's Fourth of July, so you know what that means: fireworks, flag-waving, and the Nathan's Famous International Hot Dog Eating Contest.

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Chestnut, the current hotdog-eating world record holder from Vallejo, California, downed a whopping 74 weiners, dipping the buns in super-sized plastic cups of water during the 10-minute-long contest. The win was his 10 victory at the competition. Morgan made it to the end of the competition, but the LSU graduate's final tally was unclear as media outlets nationwide focused on Chestnut's record-setting performance. But, after that many hot dogs, who wouldn't?!

Miki Sudo held onto her title as the top woman's competitor at the annual Brooklyn eat-off. After a lengthy review, it was determined the counters missed a plate, and Chestnut ate 74, not 64.

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In the women's event, Miki Sudo also defended her first place title, eating 37 hot dogs in 10 minutes.