The base shiny odds for ORAS are 1/4096.
Generation VI slightly changed how Shiny Pokémon are determined to double the default chances that a Pokémon will be Shiny. The basic formula remains the same, but the threshold for a Pokémon to be Shiny is now 16 instead of 8. This results in a base Shiny probability of approximately 16/65536, or 1/4096.
Source
Of course, there's ways to boost these odds. A detailed thread highlighting those methods can be found here.