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Long odds
01
bets or wagers with a relatively low chance of winning, but with the potential for a large payout if successful
What are "long odds"?
Long odds refer to a betting situation where the likelihood of a particular outcome happening is low, meaning the potential payout is high. When a bet has long odds, it means the event is considered unlikely to occur, but if it does, the bettor will win a significant amount of money. For example, in sports betting, a team that is heavily favored to lose will have long odds, offering a larger payout if they unexpectedly win. While long odds can be tempting because of the large potential rewards, they also carry a higher level of risk.
Examples
With long odds, no one expected the underdog to win the championship.
He bet on the long odds of the team making a comeback, and it turned out to be a winning bet.
