When it comes to taking risks, hundred to one shots are often referred to as long shots. Some may call them a pipe dream or even a moonshot. Other synonyms include a gamble, a wager, a bet or a flutter. In the world of sports, a hundred to one shot may be called an underdog or a dark horse. In business, one could refer to it as a long shot investment or an improbable venture. Regardless of the terminology used, a hundred to one shot implies a low probability of success, which only encourages the brave and courageous to take a leap of faith.