I admit, this isn't the easiest oracle to get your head around but once you do, it's very easy to use. There are two dice of different colors. One represents the Chance of a good outcome, the other represents the Risk of a bad outcome. If Chance is greater than Risk, the answer is some kind of Yes or you succeed. If Risk is greater than Chance, the answer is some kind of No or you fail.
Now for the tricky part. If both dice are 4, 5 or 6, the answer is Yes or No, and. The outcome is even better or worse than you expected. If both dice are 1, 2 or 3, the answer is Yes or No, but. The outcome is not as good or bad as you expected.
Hopefully this visual helps:
If you roll with advantage, you roll two Chance dice and one Risk, keeping the highest Chance. With disadvantage, you roll two Risk dice and one Chance, keeping the highest Risk.