Take (one's) chances Verb + object/complement
To grab or make the most of the opportunities when they happen or exist
You should take your chances because this competition is rarely held in our country.
Take your chances! I believe that you can win the prize.
When you take your chances, you take a risk because you may fail.
He took his chances when he stole his mother's money.
Lina: Don't drive fast! It's very dangerous. Ben: I know, but let's take chances.
be braved to face the challenge or quit chances
If you take a flyer (on something), you take a chance, risk, or gamble on it.
This proverb advise you already have your own valuable thing, so you don't need to take the risk of getting something better, which may cause you to lose everything.
A second opportunity
To do something without considering risks, threats, or consequences
The verb "take" should be conjugated according to its tense.
Daughter: So I really want all my friends to have a great time. I was thinking it would be a good idea to have some candy out on the tables for people to snack on.
Mother: Well, if you want them to really enjoy themselves, candy is dandy but liquor is quicker.