Fair shot

Hello

“You can call this class warfare all you want,” Mr. Obama said of his call to create a more even economic playing field. “Most Americans would call that common sense.” He characterized the choice as one between whether “a shrinking number of people do really well while a growing number of Americans barely get by” or his own vision — “where everyone gets a fair shot.”

In returning to his 2008 campaign motif of these being “not Democratic values or Republican values, but American values,” Mr. Obama presented a somewhat modest list of initiatives he could enact through executive authority coupled with more ambitious proposals unlikely to advance in Congress.
(NYT: In Address, Obama Makes Pitch for Economic Fairness. Published in January 24, 2012)
http://www.nytimes.com/2012/01/25/us/politics/state-of-the-union-2012.html?_r=2&hp

I'm not sure about the word "shot".
Am I correct to interpret it as "chance"?

Thank you.
Takayuki