A moneymaking glitch was discovered by YouTuber DomisLive on 'GTA V' where gamers can easily get up to one million dollars by having their character take part in a race in which they crash themselves into a bench.

DomisLive, also known as Dom, uploaded a video tutorial of the cheat, titled "GTA 5 Online - Make Money FAST Online Tutorial!" which teaches gamers how to exploit and access the cheat for either the PlayStation 4 or Xbox One.

According to the video tutorial, gamers need to download the "TwoDynamic Cash Out Max" job for their PS4 or Xbox One console. After downloading and installing the job, the gamer can then access 'GTA V Online' and start a race. During the course of the race, the gamer has to kill his or her character by running him into the stone benches on either the left or right side of the track and get $100,000 for each death.

To accumulate even more money, it is suggested that the gamer adds nine other players into the game as the death and respawn of the other players adds $32,000 to the gamer. Finishing the race also adds another $22,000, so single lap races are preferable to get more money quickly.

Another tip includes having the gamer bet $10,000 on his or herself before the game begins and asking other players to do the same to get more money.

It is also suggested that the gamer finished the race each time, as the grand total earnings that are accumulated at the end of the race depend on how much money was bet on the winning player.

It is also important that the player kills his or her character before getting past the checkpoints, or even as soon as the race started. If not, the glitch will not work and the player will end up losing money.