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Chance \ch(an)-ce\ as a boy's name is pronounced chans. It is of Middle English origin, and the meaning of Chance is "good fortune". Surname. Also variant of Chauncey (CHAWN-see) from the French "chancellor". Chance has 7 variant forms: Chanse, Chantz, Chanze, Chaunce, Chauncey, Chauncy and Choncey. For more information, see also the related name Chancellor. Baby names that sound like Chance are Chancey and Chawncey. View a list of the 4 names that reference Chance.