I don't understand about smart way in gamble. What I understand is that when I get a profit, I get out of the casino. Then drink a beer at my subscription shop.
Play as much as you can when you lose. Do not get over that, and when you've made a profit. Take a break. Define target.
I dont really agree with your strategy, it looks like a pretty clean method to lose more money than what he started with. Since the whole point of gambling is just having fun and seeing if the results that someone picked is right or not the amount of money that a gambler could earn when gambling shouldnt really matter to them if they drip small percentages out after every win that theyve made since its likely that they will eventually lose the whole pile of gambling money.