Tried and tested, it's a recipe for disaster. I would not do this kind of strategy again even in sports.
I believe the most important thing here is our mentality, we should change our view in gambling, instead of focusing so much of the profit, let's be realistic and continue to learn on our mistakes. Be smart to think that it's gonna be a longer process and it's only profitable if we have the skills.
For me, I used flat betting and very conservative on my money management, just touching a small percentage in every bet.