Queuing theory.
https://en.wikipedia.org/wiki/Queueing_theory
Trying to not be too mathematical:
Suppose the load is 0.5. In other words, the charger or charging station is busy half of the time.
If you have one, the odds of it being busy are one half.
That means that if you arrive, there is a 50% chance that the single charger or charging station is busy.
If there is two, the odds of both being busy is about a quarter. Usually one station is busy, the other is open.
If you have very many chargers or charging stations, the odds of all being busy are low unless the traffic is near capacity.
Suppose the load is 0.5. If there are 1000 chargers or charging stations, then the odds that all are busy is much lower. Usually 500 are full, but this will vary some as arrivals are more or less random in time. Sure, often are 501, and even 600. But 700 is less common, 800 even less common and so on.
Average and worst case wait times fall even faster with more parallel queues.
charge said:
You and another commenter above bring up a good point about time you're willing to allocate to waiting for your car to charge at a station. There is another reason to avoid charging stations: Who has the time to wait? Unless its DCFC or there is something you really want to do while waiting, its not worth it. Charge at home and be done with it.
Charge at home most of the time, over 90% by kWh is at home. However, I'd rather take the electric than the wife's ICE, if the trip is reasonable. Seats are more comfortable, car is quieter and so on. Can I schedule the trip so as to have minimum impact from charging stops? If so, I take the electric. If not, take the gasser.