Chance Records was a Chicago-based label founded in 1950 by Art Sheridan. It specialized in blues, jazz, doo-wop, and gospel. Among the acts who recorded for Chance were The Flamingos, The Moonglows, Homesick James, J. B. Hutto, Brother John Sellers, and . In addition, Chance released three singles by John Lee Hooker and made a coordinated issue of the first singles by Jimmy Reed and The Spaniels with the brand-new and still tiny Vee-Jay Records. The company closed down at the end of 1954. Sheridan became one of the financial backers of Vee-Jay.