Martingale works in the beginning; I have used it quite some times on various times and always got away with it. Offcourse, it will go bad one day and that happened already to me 2 times so I quit doing it. It is such an easy strategy and sometimes I still think of using it, but most of the times I can hold myself from doing it.
Exactly. Many people criticise it since it's a negative progression risky strategy which is totally understandable, but the fact is that it's the most popular gambling strategy out there since it's so easy to use.
I know people(Including me) who earned decent amounts using it by playing smartly in the short-term. High risk, high reward basically!
I don't understand how can one say that Martingale works in the beginning and not after, it's purely based on luck. We can have a newbie with brand new account, deposits and loses all the money after 10 Martingale rolls and then we can also have a newbie who deposits and wins impressively. It's just pure luck.
The reason Martingale is so popular is that it's the most logical strategy that anyone can imagine. You lose, want to get your lose back with profits, just double the bet and you get your lost amount back and win one times more.