Of course not, and it has already been clearly explained to you by stompix. I don't know what kind of mania some of you have for having found the holy grail of betting with Martingale variations.
Martingale won't work! It hasn't worked it will never do, just get over it
The only thing I would qualify is that sometimes it “works” in the short term, which is when people like the OP think they have found an infallible system to make money with a strategy as stupid and so many times refuted as this one.
Ok, I have found out what this favorite is about, while updating the list on martingale topics.
There is a bit of logic and why you would be tempted do so, thing is that even if they are favorites so this means 1.5/1.3 odds that would ruin as it needs a 3x-6x times increase the oddss will also increase after a series of defeats, it's logical that if Bayern for example gets defeated by Wolfsburg and Werder at 1.3 they won't be 1.3 anymore next match, so on paper it looks like increase reward for the conitnous risks compared to coins toss.
But, nobody said a thing about the fact that if a team like Bayern gets trashed by Wolfsburg and Bochum they have no chance of beating Dortmund next!

Now, since OP mentioned Chelsea, they had an 8-game no-win streak in 2022, I'm not doing the math, but even at 2x that would be enough to need a x256 bankroll, if at least one of those games was 1.25 the bankroll would need to be x1000.
As I said, not going to work.