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If you look on the interwebs there are various places (betfair is one) that offers "zero edge" roulette. So, with an extremely large bankroll, you could employ this strategy and show a profit.
However, there is still a key problem with this strategy - it's bollocks.
Play and play and play until your colour comes up and all you win is your original stake ($1 or whatever). This doesn't make for a very good hourly rate so there are far +EV things you and friend could be doing with your time.
Also, any online house will limit your betting very quickly if you start showing a consistent profit. Any limit on what you can bet renders this system redundant.
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