Yes, the odds of winning the rolex is close to zero and it's worse odds than on a typical mega millions jackpot.

If dreams of winning a rolex is why somebody spins, then they should probably find another dream.

I know the odds for all of the prizes before I enter into anything, and I'm happy to win thousands of RP or BTC for example. I don't actually believe that I would ever win an iPhone or Rolex and that's ok.