In detail, a cockle refers to a type of bet placed on an outcome that has a low probability of occurring, often with a high potential payout. Bettors might choose to place a cockle to leverage the thrill of gambling, taking a risk for the chance of a significant return, even if the odds are stacked against them. These bets can be on various events, such as a specific team winning a championship when they are the underdog or predicting a rare occurrence in a game.
Cockle Example
For example, if a football team that has been struggling all season is offered at odds of 100 to 1 to win the next match against a top-ranked team, betting on that team would be considered a cockle.