1.01x is a dangerous multiplier, in my opinion. At least it's like that for me. Normally I lose definitely more than once during a hundred bets, and it's a stressful loss that you don't expect. I've noticed that betting with 47.50% win chance is more entertaining and it gives you the same result regarding wagering in the long run.
On 1.01x people tend to bet with a bigger bet amount to maximize the return from that bet. But it is not immune to busting all of a sudden while on roll over the autobet. The wrong roll makes the entire balance go down the drain and hence I dont recommend playing with such multipliers. Rather 5x or 3x with a fixed amount every bet seems better.
In either of these, loss is imminent because eventually the house edge catches up. Even then the game is EV- and that should be understood first by any player before rolling.