A "Long Shot" in gambling refers to a bet placed on an outcome that is considered unlikely to happen, but offers a high potential payout. This type of wager is often associated with events like sports games, horse racing, or even political elections, where the odds of winning are significantly lower compared to more favored options. Long shots can be appealing to gamblers because, despite their low probability of success, they can yield substantial returns if they do win. However, it's important to remember that the risk is higher, and many long shots do not come through as expected.