The Mega Millions lottery has hit yet another high ahead of Tuesday night's drawing, reaching a $363-million jackpot after the past two weeks failed to produce a winner.
The jackpot is the third-largest in the history of the game, according to the California Lottery. An 81-year old Rhode Island resident was the last person to win the jackpot collecting $210 million.
Richard Lustig's name has re-susrfaced since the new jackpot was revealed. He is a seven-time lottery winner, who openly shares his strategy, which he calls "the winning lottery method."
"[Playing the lotto is] like any investment. You have to invest money to get something out of it," Lustig told ABC News. In his book "Learn How to Increase Your Chances of Winning the Lottery," Lustig shares some useful tips.
Most people buy a $1 ticket and win $10 and they put the $10 in their pocket," says Lustig. "Those people are playing the game wrong. Instead, he says, if you win $10, then you should buy $11 worth of tickets because "if you lose, you only lost a $1."
Using this method Lustig earned $98,000, ABC reported. It was also the method that won him $842,000 in 2002 and other people who use his method have also reported large wins, including a women from Tampa, who recently won $ 2 million.
Lustig urges lottery players not to play quick picks or auto play. Choosing your own numbers increases your chances of winning, according to Lustig.
For scratchers, Lustig says people should buy 10 of one ticket type instead of different tickets. From his experience he has found that there is at least one winning ticket in a string of 10.
The lottery guru also urges people to not throw away losing tickets. The cost of the tickets can be written off against the tax of a jackpot, according to Lustig.
Lustig says playing the lottery is much like having a full time job. Many of his winnings have paid for his living medical bills, he revealed in an interview with ABC.
"I don't guarantee or make promises to anybody that by following my method you're going to win the lottery," Lustig told ABC News. "I'm not a scam artist. I'm telling people exactly the truth -- that they will definitely increase their chances of winning" using his lottery method.
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