This type of betting progression is ----------EV. It is a , which has a more negative EV than conventional betting in +HA casino games because of the maximum betting limits. These "systems" will always be around, and they are all worse than flat betting the minimum.
Think of it this way for poker: Instead of making -EV plays based upon some random occurrance of N (lack of hitting a set, which is 7.5 to 1 against anyways), every time you lose 2 stacks you move up in limits. This turns proper bankroll management on its head. You should not do it.
Remember that each successive event is independant of the one before it. Do not invest any time or thought entertaining the "streaks" and anticipating the outcome of the next event, which is not dependant on the prior event at all. You might consider a primer on probability. Check out
www.wizardofodds.com.