In the realm of gambling, "outright" is a term often used to refer to bets on the ultimate winner or winning option of a specific event or competition. This type of wager is typically associated with tournaments, championships, leagues, or other long-term competitions, rather than individual outcomes of each game.
For instance, if you place a bet on a team to win the entire FIFA World Cup in soccer, that bet is known as an "outright bet." This means you are supporting that team throughout the entire tournament, and your bet only succeeds if the team ultimately wins the entire championship. If the team gets eliminated or loses during the course of the tournament, your bet will be unsuccessful.
"Outright" bets usually involve longer-term investments, as you have to wait for the outcome of the entire event to determine the result, rather than focusing on the outcome of a single game. This type of betting often offers higher odds as it involves more uncertainty and risk."