The term 'Even Chances' is often used to refer to a situation in which two parties have equal chances of success. This term can be found in the crossword puzzle solution 'Tossups, ' which is a seven-letter word. Tossups are a type of game in which two players take turns throwing an object into the air and then trying to catch it. The player who catches the object is the winner. In this game, both players have an equal chance of winning, thus the term 'Even Chances.'