The use of the term "chance" has been very vague here. Chance is best understood as probability, which works best for large populations of data points. Applying probability to a singular event is not very meaningful. I say "singular" because Karjakin's recent intensive training, and the extremely high stakes, make extrapolation from the data set of previous encounters seem dubious. Especially when that data set of prior encounters is fairly small.
If Karjakin wins, many of those who predicted that Carlsen would win by a large margin will say that Karjakin's chances were in fact truly low, but something unusual or mysterious happened, instead of just admitting that they mis-guessed Karjakin's chances.
Like the last two posters' nicks start with "Ki". Coincidences all over...