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I cannot help with the origin of this expression but I can explain what it implies. 'Paying one's dues' usually refers to money paid to remain a member of a club, society or other organization. 'Taking your chances' usually means facing the uncertain future and whatever it may bring. Putting the two expressions together we arrive at this situation: Doing whatever it takes, however unpleasant it may be, to earn one's status in society and then living with the consequences of what one has done as one faces the future. 'Paying one's dues' may well determime what the future may hold for one eg. if one has done some nasty deeds to arrive at one's status then one can expect some nasty repercussions and vice versa.

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Q: Where did the saying pays your dues and takes your chances come from?
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