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Owner Mike Villano (known as Mike V. to most folks), former frontman for the band Chaos Theory, originally opened Chances as a "modern sports bar." When he took over the space in its first incarnation, at 1135 Bannock Street, in 2011, he decided to forgo the traditional sports-bar look and go for something more stylish. A year later, the bar moved to 1320 15th Street, where it had more of a nightclub/lounge feel and occasionally hosted DJs. Now located in the multi-level building at 1523 Market Street, Chances is a full-on nightclub.