The fact is that we don't know the data or numbers relating to the probability of life existing in the universe, because we only have one piece of evidence, Earth.
However, being the logical intelligent being that we are, we can look at the conditions on earth, and see how many similar conditions we can find in the universe, and estimate from there.
1) Everywhere there is water on Earth, there is life.
Even in the frozen arctic.
Obviously, we know life does not exist wherever there is water in the universe, however, we
do know that water is the third most common molecule in the universe, so it isn't hard to find.
2)
Life can survive up to 121 degrees Celsius. (249.8 degrees Fahrenheit)
Plenty of planets discovered meet this requirement, and there are millions more yet to be discovered.
3)
The Water Bear can survive the vacuum of space and temperatures near absolute zero.
Again, plenty of planets discovered meet this requirement.
4)
Organic molecules have been found in gas clouds
in space, suggesting that they are not difficult to create.
So how many planets are below 121 degrees Celsius, contain water, and contain organic molecules? We obviously don't know, but we can assume that this has happened at least a few time throughout the universe. And remember, these are just the conditions required for earth life, Silicon based life might be even more common, for all we know.
I choose to believe that life in the Universe is common. Astrobiology is a young science, so a lot of data is obviously still missing, but with new discoveries made everyday,
like proof of water on Mars, all the evidence seems to be pointing to this conclusion.