It's a boxing term. It means that though you may be outclassed by your opponent, if you land a good punch, you can win.
Bob was down in the polls, but if he did well in the debate, he'd have puncher's chance of winning the election.
by BrianSnat July 15, 2015
 Get the Puncher's Chancemug.
Get the Puncher's Chancemug. A now 17 year old kid who got famous by posting a cover of him singing Paparazzi which caused him to get discovered by Ellen. His favorite word is "soon" and enjoys telling his fans that new music & his new album is coming soon when in reality soon isn't even close.
Margarite - Hey, when is Planet X by Greyson Chance going to be released!
Greyson - Soon!!
-5 months later-
Greyson - Planet X to be released soon!
Greyson - Soon!
Greyson - S O O N
Greyson - Soon!!
-5 months later-
Greyson - Planet X to be released soon!
Greyson - Soon!
Greyson - S O O N
by xtiffc January 18, 2015
 Get the Greyson Chancemug.
Get the Greyson Chancemug. The likelihood of an entitled white private school boy with a bad haircut rising to an Australian Liberal Party leadership position despite posting a racist video on Facebook.
Not to be confused with "Buckley's chance", which is not very likely at all.
Not to be confused with "Buckley's chance", which is not very likely at all.
Harrington: "OMG I can't believe the Aborigines didn't invent iPhones."
Chad: "OMG dude you've got Barclay's chance of being Prime Minister now!"
Chad: "OMG dude you've got Barclay's chance of being Prime Minister now!"
by Timaahy December 3, 2019
 Get the Barclay's chancemug.
Get the Barclay's chancemug. the astonishing art of when your best friend does the splits all the way down for the first time and rips his ballsack open
by nutpotassium October 15, 2019
 Get the the chance of meatballsmug.
Get the the chance of meatballsmug. by chance griller May 25, 2022
 Get the chance the furrymug.
Get the chance the furrymug. by NSPlayer August 2, 2003
 Get the Sniper Chancemug.
Get the Sniper Chancemug. When you have hot dogs and the buns are a few days expired, but you use them anyways because you need the fat.
by dm fan May 2, 2022
 Get the Bun Chancemug.
Get the Bun Chancemug.