A basketball phrase used to describe any points scored during a possession by the offense after an offensive player has already attempted one shot and missed. If a player is fouled on a shot attempt and receives free throws, any points scored are not considered second chance points. However, if a second shot attempt in a possession results in a missed shot and a foul which awards free throws, any free throws made would be considered second chance points.
Second chance points in basketball are valuable because they extend the time a team possesses the ball, they help wear down the defense and, most obviously, they add points to the score. Possession time increases because after a shot hits the rim, the shot clock, which governs how long a team has to score the ball, resets. Opportunities for second chance points typically come when an offensive player gains better position than his counterpart in order to secure a rebound off a missed shot. This wears down the defense because they must exert more energy securing rebounds and playing defense in order to simply start their offense.