In the game of chance, the possibility of winning it is 1/3. This is one of two outcomes, winning or losing. Since there is a 1/3 chance of winning it, there leaves only one outcome, losing it. Since 1/3 is a third of a whole, that leaves 2/3 for the other possibility, losing it. We then find that winning it has the chance of 1/3 and losing it has a 2/3 chance.
