Concise post. This is why many gamblers (specially new ones) go with Martingale strategy and lose it all.
when i was a newb on gambling before , i dont use strategies but later on i have tried the martingale method but im not dumb to loose all my balance . im only saying that not all uses martingale and not all that who use martingale are loosers . wins or loose itl all depend on your playstyle and not on the strategy/methods that you are using .
You are right about martingale, it's a lose all or double situation at the core. But it doesn't depend on your play style / strategy, but on your short term "luck". By luck, I mean your "current session odds / expected odds". So if the "expected odds" are 50%, but you are winning 70% of the time, your "session odds" are 1.4:1.