Only difference from normal martingale is you lose your money faster in this stratergy, the only way you can stay in profit is by not betting at all.
Not really, you can be insanely lucky and hit the jackpot, then you would be always be on profit, unless you are stupid enough to gamble all of your jackpot away. The best situation would be to win a jackpot and just retire from gambling, or do it very rarely.