The bag contains 3 red and 4 blue balls, so the total number of balls is \( 3 + 4 = 7 \).
The probability of drawing a red ball is: \[ P(\text{red}) = \frac{\text{number of red balls}}{\text{total number of balls}} = \frac{3}{7} \] Thus, the probability is: \[ \boxed{\frac{3}{7}} \]