Kind of like a mix of ian Anderson and the martingale system, i got to thinking.

What if i played a strategy that was like this:

ANY HOUSE EDGE always bet 1 unit

ANY PLAYER EDGE:
bet 1 unit, if lose bet 2 units, if lose bet 4 units, all the way to table max, then stay at table max until win.

After any win go back to 1 unit, regardless of count.

If count ever goes into house edge then go to 1 unit.

Pretty much an ultimate cover play, can this even be profitable? How could i calculate the important numbers for something like this?