Yes, but while wait why not pick another one?Call it a matter of personal preference or playing style.
I prefer to focus on a specific bet and record its history, know where I'm standing and why I'm losing. I want to track, have stats and know everything about the "history" of my bet selection. I feel more confident and comfortable this way.
If it is cold I can wait for it, betting low or nothing (like you suggested) and attack harder when it gets warm.
Changing bet selection is like shooting on a moving target. Having the same bet selection is like waiting for your target to get out of cover.
You wouldn't remove your original selection but just add one more while you are waiting for it to come back.
For example you start betting number 1, after 24 spins has not hit and you are down by 36 units.
You stop betting number 1 and gets in the standby list, but you start betting the split 0/1 with 4 units for the first 6 spins plus 2 units for the next 6 spins.
Should split 0/1 goes to standby list too, you stop betting it and start betting 0/1/2 street with 6 units for 4 spins and 3 units for 4 more spins.
Guess what, street 0/1/2 street didn't show, stop betting that street and start betting corner 0,1,2,3 with 8 units for 3 spins and 4 units for 3 more spins.
Should you continue escalating your selection, then you omit 0,1,2,3 quad and replace it with the line 1 to 6, bet 12 units for 2 spins plus 6 units for the next 2 spins.
Guess what's next, if you said dozen 1 you were correct, so bet 24 units for the first spin and 12 units for the second.
Final betting level the EC's which include number 1 (the original number), you bet Low, Red and Odd from 9 units each for 1 spin, on the next final spin you bet only Low with 9 units.
If you are so unlucky and lose all 7 bet levels it would cost you 7 x 36 = 252 units
You might want to restart the procedure from scratch with different number and higher unit value.
When you win at any bet level there are 2 possibilities, if you won by the original number (your target), continue by betting straight up that number, but if you win by another number then just drop 1 bet level, for example if you were at corner bet, after your win move to the street bet level.