A friend and I had debate what the probability of being born on Feb 29 is?

1)I said it is Probability of Leap yearandFeb 29 which is

2)He said in 4 full years there are 1461 days thus the probability is

Who is correct? Both explainations are reasonable.

I am thinking that the probability of a year being leap is notexactlybut close to it. Which is why he and I have a minor discrepancy.