Odds of winning $636 million - FOX13 News, WHBQ FOX 13

Odds of winning $636 million

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    Friday, October 4 2013 3:43 PM EDT2013-10-04 19:43:45 GMT
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EAST MEMPHIS, Tenn. (FOX13) -

On the line tonight in the Mega Millions lottery is $636 million.

The odds of winning tonight's drawing? About 1 in 260 million.

The question is can you improve on those odds?

MORE: Tuesday's Mega Millions jackpot soars to near record $636M

Business was booming Tuesday at an East Memphis store. Along with all the other "got to have items people purchase at this store, Mega Million tickets are among the top sellers.

So does anyone have the winning ticket and could they improve their chances of winning if they had bought more than one ticket?

Chuck Hudspeth, head of the Hudspeth Insurance Group in East Memphis, deals with risk management for a living. He sells group health benefits and his days are busy helping people buy health insurance mandated by the Affordable Care Act.

He took time out to compute the chances of winning Tuesday's whopping $636 Mega Millions jackpot.

"It's 258 million to one so the odds are not really in your favor," Hudspeth said. "Yes I did (buy a ticket) because I might win. I'd love to have $300 million to spend."

So would every person buying a ticket for the big drawing. But can you improve on those incredible odds against you winning?

"So each week twice a week they have a drawing so the odds of winning from drawing to drawing are unchanged," Hudspeth said. "The same kind of like flipping a coin you have a 50-50 chance of getting heads every time you flip the coin, but if you buy more tickets in any particular drawing it does increase your chances if you choose different numbers each time."

Hudspeth added it does not increase your chances of winning by picking the numbers yourself, so in the end buy five tickets and forget about it.

"If I could win and not tell anyone then this is what I would do," Hudspeth said. "I would not want to be a celebrity because of my money."

But if you have to be famous, rich and famous ain't that bad. Good luck and if you never see me again then you will know.

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