It does not work i try simulation ran for 88550 bet on 0.00000020. My result was -0.00144880 my highest win streak at 4 and highest loss streak was at 124. It take tremendous luck & paitence to earn profit from this strategy.
Let say i have 0.016796btc. I have the potential to earn 0.016796btc from base bet 0.00000020. Every 88550 bet my loss will be at -0.00144880 mean i will loss all my btc -0.016796 in 1026564 bet if i do not hit at least one time of 6 win the row or 5 in the row to reduce some loss or maybe in profit but i won't be that much.
The earlier to hit 6 in the row the better.