KoRnholio -
ICY. You will always risk total busto - its just a matter of time.
BUT ...
You could treat this system as a kind of russian roulette ... ill explain
Lets say you have a bankroll of 100 000 USD
Levels: 1 - 3 - 5 - 10 - 20 - 40 -80 - 160 - 320 - 640 - 1280 - 2560 - 5120
The chance of missing all 13 levels is small, so you can win a lot of easy dollars.
But if you lose ... BANG!