Crossword Genius

Not even given second chances (4)

Ross

I believe the answer is:

odds

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'chances' is the definition.
(thesaurus)

'not even given second' is the wordplay.
'even' means one should take alternating letters (even-numbered letters are used).
'given' means one lot of letters go next to another.
'second' becomes 'dds' (I am not sure about this - if you are sure you should believe this answer much more).
The alternating letters of 'not' are 'o'.
'o'+'dds'='ODDS'

Can you help me to learn more?

(Other definitions for odds that I've seen before include "Betting figures" , "Betting rates" , "Chances, probability" , "Chances of occurrence" , "Perhaps even money" .)

I've seen this clue in The Telegraph.
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