"assess the odds" is a correct and usable phrase in written English.
You can use it whenever you are trying to calculate the probability of a certain outcome or event. For example: "The casino manager had to assess the odds before placing the bet."
The Mantel-Haenszel Common Odds Ratio Estimate was used to assess the odds ratio of carotid atherosclerosis while controlling for the effects of age and sex.
War could still break out, but Mr. Ermarth, asked to assess the odds, said, "By a hair, I would bet that things get dragged out".
I will have to assess the odds of its continuing, and to apply adjectives and characteristics to each of my lumberjacks, in another dispatch.
To assess the odds of reporting low back pain (LBP) as related to systemic inflammation and obesity.
We cannot assess the odds of removing the Taliban, denying terrorists the water they swim in and keeping this coalition together afterwards to ease other long-standing grievances.
Michael Adler, a Moody's spokesman, said the company's role was simply to assess the odds that a given bond issuer will default — in some cases, taking into account the possibility of government intervention.
Bayesian inference provides a formal framework for assessing the odds of hypotheses in light of evidence.
When people hear general warnings like this, their response is probably less along the lines of civil defense than of assessing the odds of danger in their daily behavior.
Beyond simply assessing the odds of a company or a country not paying its debts, rating agencies are now being asked to second-guess, and ultimately to endorse, the performance of creative banking products.
By Ben McGrath The aftermath of an election follows a certain predictable cycle: mourning (on the part of the losers) gives way to soul-searching (both sides), and soon enough the speculative horse race is in full swing, with future contenders jockeying for early position and handicappers assessing the odds.
