The best strategy for this is to only do it for a limited period at large stakes so that your actual outcome is more likely to deviate from the expected outcome

I don't think you can get around the nightingale-ish expected value of this strategy, no matter how you adjust the stakes and number of bets.

If the true odds are greater than 50% then you are more likely to win the bet than to lose it. So even if the odds given imply true odds far greater than 50% (ie poor odds) then you will still probably win money if you bet just 1 bet.