Chances of being linked with ends? (4)

I believe the answer is:

odds

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'chances' is the definition.
(the odds of something happening)

'of being linked with ends?' is the wordplay.
'of' becomes 'o''.
'being linked with' says to put letters next to each other.
'ends?' becomes 'dds' (I can't explain this - if you can you should believe this answer much more).
'o'+'dds'='ODDS'

Can you help me to learn more?

(Other definitions for odds that I've seen before include "Chances expressed as a ratio" , "Ratios set by bookies" , "Starting price" , "(In betting) chances" , "Betting likelihood" .)

I've seen this clue in the Evening Standard.

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