👉 A longshot is a type of bet or wager in which a player stakes a small amount of money and holds on to it until the outcome of the game has been decided. In other words, a longshot is a bet that is considered to be highly unlikely to succeed but still involves a high level of risk. Longshots are often used as a way to generate excitement or anticipation in sports betting by making players think about the potential outcomes of various bets and strategies.