Good thing that you realize that your chances of winning are slim thus making this strategy useless even though the chances that you will win large amount of money you are still an idiot. This kind of strategy are popularized by people who owns a gambing site or investor to rack up more profits from gullible players.
Probably, the reason why they popularized this kind of strategy is because their gambling game's system is focused on providing wining bet after a player losses. So to make things positive on the side of the bettor, the house is implementing such system for the players to win. But if you are really pushing the idea that gambling site owner creates this strategy, then the odds of winning for the gamblers is lower than losing in a large number games. In short, it was meant to deceive gamblers to believe they can always win which is in fact, the system is programmed to make the house win in the end. Is this what your point is?