100% WRONG I am afraid
EVERY bet is a LOSS using this system.
Each and every spin of the wheel you are betting 37 chips, and receiving 36 back, so each and every spin you are LOSING one chip. If numbers paid 36/1 though, you would get back all your chips, so would draw every bet, for a house edge of zero. No casino would offer a zero house edge game except as an incentive to play other games with a house edge. There IS a casino offering a "zero lounge", but you CANNOT take a bonus in to the zero lounge, and they DO still make a profit because of player mistakes, or just players deviating from perfect strategy.