A similar plan is called ,
THE CRUSHER
One increases their bet only after a return, repeat bet after a loss
e.g. 1p,2L,2L,2L,2p,3p,4L,4p,5 ect

Start again once in profit.

Another is the ,
DUEL PROGRESSION
Start of with betting in lots of 2 e.g.112233445566ect.
One increases the bet by 2units after a return .
Start again once in profit.
1L,1L,2L,2L,3L,3P,5P,7P,9L,9L,10L,10P,12P,14 ect.
This one can be used also for win only or eachway betting.

Try both out on some past results first, before betting any real money on this.
See which one suits ones style after working out how large a bank one needs then double the bank size.
This should give one the confidence needed for this sort of thing.

Cheers.

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Cheers.