seoincorporation is obviously a bright guy but we have different views on gambling, which we have discussed more than once in the local section.
I'm sure OP is doing this just for fun and for the sake of experiment and he wouldn't mind spending ~$500 on it if he do not hit the 330.000x multiplier within the 1M rolls (I, personally, hope he will hit it within the first 100k rolls).
It seems to me that it has that part of experimentation, but as a strategy to make money I don't see the logic in it. The same as buying a lot of lottery tickets to see if you win.
You're chasing a very longshot that could potentially cost alot of $$$ if you're raising your bet after so many losses. At the same time, if you have the bankroll and are raising the bet, the potential payout is huge.
In other words, a variant of the martingale, right? I also debated with the OP about that. Anyway, I will follow this thread to see the results of the experimentation.