Cerazette is effective - and has a 12 hour window of efficacy, meaning you can be 11 hours late in taking it and the effectiveness won't be reduced. 12, and the effectiveness is reduced.
Hormonal birth control works in three ways - reduction or cessation of ovulation, thickening of cervical mucous, and reduction in the amount of uterine lining. In other words, even during that 3% of the time that you may ovulate, the other mechanisms in place prevent conception.
In other words, even on the offchance of an egg being available (unlikely - 97% meaning it'd happen once every 33 cycles or 2.5 years roughly), sperm can't reach the womb because it's blocked off by mucous, and the egg would have a harder time implanting in the thinner uterine lining.
Progesterone-only contraception is fantastic: the arm implant and hormonal IUD are progesterone-only as well. Fewer periods and none of the problems combined oral contraception poses? Sign me up. Been using Cerazette for about five years now.