In short, is the martingale strategy in betting in such gambling games such as roulette and dice do really is effective strategy? For example, what if you are winning, and every time you win, you double your bets, and basically apply the martingale strategy, which is to double your bet when you lose.
Would that make a huge impact to your funds? I haven't tried it so far, but for me, I don't that is really effective as if we lose, we aren't really going to win right after, because there is still a possibility of losing once again.
Practically, no, IMO. Literally you're exposing yourself into a riskier situation making your money/fund way too faster. Well, if you will be that fortunate to win after betting double then we could say that you are in a good situation, the thing it ain't always happening. I have no idea if there were such strategy out there existing but if we will look at it as a common gambler such strategy isn't a good practice. Double betting after winning, and would follow up after a consecutive winnings is a must or is the most recommended idea to do rather than doubling it after loses. Be careful, your money might runs out before you notice, buddy.