Do the odds of being struck by lightning account for a total population or a percentage of population who are out in electrical storms?

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Are the odds purely stacked upon total population divided lightning injuries/deaths per year? The odds obviously increase when outside, however, what would the significance of the increase be?

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It depends on the source, of course. Impossible to say without you citing a source for a figure. This is the problem with phrases like “the odds of you ________ are 1 in 500,000” – it doesn’t define the conditions under which those numbers are achieved (population, time frame, etc). There is missing data which makes the number essentially useless.

This is why it’s much, much better to state figures like “3 people are struck by lightning in the US every month” which states both the population (people in the US) and time frame.