What does outsider mean?

This term is often used in sport and gambling. But what is outsider actually stands for? In fact, this is the opposite of a favorite. An outsider is a team or an athlete with significantly fewer chances of winning (or achieving another positive result).

This term is used not only in football. Usually, it is intended to demonstrate the difference in class between teams or athletes when the victory of one is more probable.

As for the question what are outsider in betting, it means a participant of a confrontation whose victory has a very high coefficient. Usually, it exceeds 10.0, which indicates an extremely low chance of a successful result. This category is actively used in soccer as a slang term. The use of this word clearly demonstrates the difference in class between rivals.