Martingale, like we are discussing, I've come to discover its not for gamblers with low bank roll, use this with a low bankroll and you will definitely end up burning your entire bankroll, except you are disciplined enough to stop gambling half way,, I've tried the martingale strategy on a $100 bank roll, and the speed through which I lost the entire money surprised me, even with some minor wins here and there in the process, before I knew what I was doing, my entire bankroll was empty, that was the very day I swore never to increase my bets, except on special occasions where I was ready to loose all the money and rest..
Martingale is for those with big bank roll, the bigger the better, and so is your chance of hitting the jackpot higher, that is making all the losses back in one shot.
Even with high bankroll martingale can easily eat and deplete you fund especially when you encounter a series of reds in your roll. 20+ red streak can possibly make your bankroll negative and we all know that 20+ read streak is very possible. I even experience this in spinning a slot. 20+ dead spin. Imagine if I martingale my bet and I experience that 20+ streak.
Let us see the visual, I always bet at 20 cents or $0.2 so with martingale 20 dead spin will cost me, $104,857.60. So even with $50k bankroll, it won't suffice if I happen to encounter a 20+ dead spin in a martingale strategy.