Bjorn Ulvaeus enjoyed jogging and as he ran he sang a "tck-a-ch"-style rhythm to himself. This evolved into the line "Take a Chance on Me," around which he wrote the rest of the words.
Ulvaeus in 1000 UK #1 Hits by Jon Kutner and Spencer Leigh: "I remember that Benny didn't like the line, 'We could go dancing, we could go walking,' but in the end we went with it."
This was also #1 in Austria, Belgium, Ireland and Mexico.
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