'GTA 5' Money Glitch Online Race Buys You A Luxury Apartment In One Lap! [VIDEO]

Rockstar has previously confirmed that the highly anticipated "GTA 5" Heists Update is slated for an early 2015 release, although an official release date has yet to be announced. In the meantime, there is still much to do ahead of the upcoming DLC. Namely, everyone should get busy accumulating a fat bank account on GTA Online as quickly as possible.

According to prior announcements, "GTA 5" Heists missions are only available for GTA players that are Level 12 and above. What's more, in order to become a heist leader, the player must own a luxury apartment that features a new CCTV control station as well as a Heist planning board.

To quickly earn a lot of money for that luxury apartment in GTA Online, GTA tipster DomisLive has informed us of a new money glitch that will deliver hundreds of thousands in couple of minutes. Best of all, Rockstar will not ban your PSN or Xbox Live account after you have performed said "GTA 5" money glitch.

The new money glitch involves joining a custom online race that is known as "TwoDynamic Cash Out Max." For the sake of efficiency, DomisLive recommends single lap races to complete the money glitch in the shortest amount of time. Similar to past online race money glitches, the payout is more when there are more players joining the race. DomisLive recommends at least 10 players in order to receive a bigger payout.

Interestingly, the custom race is just as much about winning and finishing first as it also involves participation and teamwork. Once the race begins, all players must "waste" themselves by ramming into the stone bench immediately. Players MUST kill themselves before passing through the first checkpoint. If not, the glitch will fail and the player will lose money. When all players respawn after killing themselves, they will each collect $32,000. Finally, all players will $22,000 for completing the race.

The player that finishes first will earn more money. Those that have bet on the winning player will get an extra payout as well. If you're performing the money glitch online race amongst friends, we highly recommend sticking to a plan and betting at least $10,000 on the winning player for a bigger payout.

Check out the video tutorial below: