“Taking a Chance on Love” is a popular song from the 1940 Broadway musical Cabin in the Sky. It was introduced by Ethel Waters playing the role of Petunia Jackson both on Broadway and later in the 1943 MGM musical Cabin in the Sky. The song was written by Vernon Duke with lyrics by John La Touche and Ted Fetter . It has become a standard. Several songs from the Broadway musical were released as a 3-record shellac set under the title “The Music of Cabin in the Sky featuring Ethel Waters” in 1940.