I have been trying to find information regarding toasts however I am just starting my studying of German. I would like to be able to toast the Old Nordic gods when I have drink, but lack of knowledge has prevented me from finding a concrete answer and as always Google Translate is almost worthless for German.
If you would say a toast to Odin, just say:
while you rise your glass.
If you would like to say a toast to the old gods, say:
Auf die alten Götter!