In this article, we examine conceptualisations of luck evoked by a select group of elite students studying in Oxbridge, when accounting for their academic success. The emphasis on luck in their narratives is categorised into three themes. The students linked their luckiness to deservedness, used luck as a way to express humbleness, and attributed their success to factors of chance. These themes are analysed against the backdrop of strong institutional support they receive as part of attending elite schools and being scholarship recipients. By being attentive to how luck is evoked in these narratives, we show that luck does not have an essential meaning and can produce different representations of legitimacy. The paper proposes the integration between critical and pragmatic sociological perspectives in order to advance our understandings of how elite groups qualify for the positions they obtain, how they define themselves and make sense of their educational merits.