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"odds of success" is correct and can be used in written English.
It is used to refer to the probability of something succeeding. For example: I believe the odds of success for this project are very high.
Exact(59)
Build your small business around a successful big business and your odds of success are high.
There is some research to suggest that a company's odds of success are higher when a founder has a successful track record.
"And the odds of success are frightening".
The odds of success are certainly long.
The odds of success aren't great.
"You can improve the odds of success".
Why such low odds of success?
Lamy puts the odds of success at over 50%.
In this story, entrepreneurs miscalculate their odds of success.
The official declined to speculate on the odds of success.
Robots protect soldiers and improve their odds of success.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com