PLAIN ENGLISH
What does Longshot mean?
A longshot is a low-probability outcome. Betting and degen culture often romanticize longshots because the potential payout is large, even though the chance of success is correspondingly smaller.
IN THE WILD
How people use it
Sports betting, prediction markets and speculative trading analogies.
EXAMPLE“It is a longshot, but the payout explains why people are taking it.”
ALSO USED AS
long shot · underdog