We've only ever had 2 true freemartin heifers (that we knew of) show up in our families herds in my 20 years with cattle. One was not an official twin born from a heifer. They were both very tasty
Twinning rate depends on breed type, nutrition, genetic lines, and even uterine capacity so we had certain cows that had twins regularly and their offspring continued the trend for usually one generation, which raised our twin herd rate, but only periphally (if that makes sense). We generaly kept beef twinners so long as their milk capacity was sufficient. Dairy twinners stayed if they carried large healthy twins and got shipped if they carried small twins or if they consecutively had difficult births.
DIZYGOUS (not an identical or split cell)-Beef breed twinning rates are less that 1% and dairy rates run between 2.5-5% depending on breed and season. Lactating cows have a higher rate of double ovulation. The other thing with twinning is that once a cow has had a set of twins, so long as her nutrition is adequate, she is more readily able to carry another set to term since her uterine capacity has already been enlarged.
So for beef breeds it falls somewhere around 1 in 200 births is twins and statistically only half of those is a male/female pair so you run the risk in beef of getting a freemartin 1 in every 400 births. For dairy breeds the range is much wider but we'll look at the high mid range figuring 4% twinning- 1 in 25 births is twins and statistically half would be a male/female pair which lowers the rate to 1 in 50 births runs the risk of having a freemartin (Please feel free to correct my math if is off).
It is a 92% chance of the male/female twins that the female will be a freemartin. Males can also be genetically freemartins, but I do not have statistics for those since they are generally not kept for any type of breeding purpose. Also, male/female, male/male, female/female twin rates can also be adjusted based on the statistics of the bull you are using- male sperm rates vs female sperm rates. If your bull throws mostly males, then your chance of a freemartin would be lower and vice versa if your bull throws almost exclusively females, less chance of a freemartin.
Just another thing to throw out there- As I said one of our freemartins was actually born in a singleton birth to a first time calver. This is the result of there initially being a male twin during the pregnancy, but it was not carried to term and either absorbed or aborted without the loss of the female twin. (This type of twinning doesn't even figure fully into the statistics, but it can be a fair occurence that twins are conceived but not both carried to term - more uterine capacity, nutrition, etc in play) So even if you are purchasing a singleton birth heifer, it is not automatically guaranteed that she is not a freemartin.