What does longshot mean?

Everyone is trying to reduce their risks in gambling on football or any other sport. If we talk about what is longshot, this result means the victory of potential outsiders. It usually causes a big sensation.

The word first appeared in slang but then started to be used successfully not just for soccer, but for other events, too. Understanding what are longshot in betting, you can better navigate the field of forecasts for the underdogs.