Pronunciation: [ˈiːvən t͡ʃˈans] (IPA) 
The phrase "even chance" is pronounced /ˈiːvən tʃæns/. It refers to a situation where two possible outcomes are equally likely. The word "even" is pronounced with a long "e" sound as in "bee" /iː/, a schwa /ə/, and a voiced "n" /n/. The word "chance" is pronounced with a short "a" sound as in "cat" /tʃæ/, a nasal "n" /n/ and a "s" sound /s/. Together, they form a common phrase used to describe a balanced or fair opportunity.
Even chance refers to a situation or outcome in which the probabilities of success and failure are equal. It is a term derived from gambling and games of chance, wherein it implies a fair and balanced opportunity for either winning or losing. This expression emphasizes that a particular circumstance has no apparent advantage or disadvantage for any participant involved.
In an even chance scenario, the odds for success and failure are evenly matched, making it uncertain which outcome will prevail. This might be the case, for example, in a coin toss, where the probability of landing on heads or tails is exactly 50%. In this sense, an even chance represents a situation of total neutrality, where no factors or variables are favorably inclined towards one outcome over another.
The concept of even chance extends beyond gambling and can be applied to a wide range of situations. It is frequently used to describe scenarios where individuals face an equal likelihood of achieving success or encountering failure, without any inherent advantage or disadvantage. In such cases, it implies that each potential outcome is equally probable and independent of any external factors or biases.
In summary, an even chance denotes a fair and impartial opportunity where the probabilities of success and failure are exactly equal. It signifies a situation where there is no inherent advantage or disadvantage, emphasizing the neutrality and balance of the possibilities at hand.
The word "even chance" originates from Old English and Middle English.
The term "even" comes from the Old English word "efne", meaning "equal" or "equally". It also has roots in the Old High German word "eban", which carries a similar meaning of "equal".
The word "chance" comes from the Old French word "chance", which originates from the Vulgar Latin word "cadentia", meaning "that which falls". It refers to an unplanned event or an outcome determined by luck or fortune.
When these two words are combined, "even chance" signifies an equal or balanced opportunity or probability of success or failure.
