This is the best lottery option strategy. To really double your fun, make it a long strangle and hope the market touches both of the options before cashing out.
Instead of buying lottery tickets monthly (which many people does) you can buy OTM options every month (works best with OTM puts, as panic is too strong a psychological reaction). You can get your lottery tickets (puts) for free if you buy them with the proceeds of bonds interests, or stock dividends.
As a broad generic approach, these strategies don't work. There's a whole plethora of research/data to support this conclusion. The most ironic bit of anecdotal evidence is Taleb's own performance during the years he traded (before he became a pundit). This is not to say that outstrike options are never mis-priced. Occasionally, they are and money can be made buying the right lottery tix.
This is one of the most famous papers on the subject (Coval & Shumway, 2000): http://www.people.hbs.edu/jcoval/Papers/OptionReturns.pdf There's also this (Hodges, Tompkins & Ziemba, 2003): http://papers.ssrn.com/sol3/papers.cfm?abstract_id=424421 And this (Ni, 2007): http://papers.ssrn.com/sol3/papers.cfm?abstract_id=959024