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The phrase 'chances of approval' is correct and usable in written English.
You can use it when referring to the possibility of something being approved, such as a loan or a visa application. For example, "I am hopeful that my loan application will be approved, but I know the chances of approval are slim."
Exact(21)
Southern Union, meanwhile, is managing the shareholder vote to optimize the company's chances of approval.
With the release last week of new clinical studies, many believe the chances of approval have greatly improved.
Apparently, several of them have been convinced that Mr. Rechler's involvement in a project may improve its chances of approval.
Because of such concerns, homeowners often are instructed that they must be delinquent and they must apply for a modification first, even if chances of approval are slim.
Lawmakers and their aides said the chances of approval appeared good, provided the Soviet Union lifts its economic blockade of Lithuania and continues policies of freer emigration.
He argued that a Mockus presidency might actually boost chances of approval of the United States' trade deal with Colombia that was stalled by Congressional Democrats over human rights concerns.
Similar(39)
The measure has little to no chance of approval in the Senate.
Republican senators have introduced a similar proposal, but it appears to have little chance of approval.
That measure, which passed 234 to 190, has virtually no chance of approval in the Senate.
Not only would these tackle the legacies of authoritarianism, but some of them might have a decent chance of approval.
The bill appears to have little chance of approval in the Senate, where Democrats are in control.
More suggestions(15)
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com