Martingale won't work, in the long run, because it isn't able to identify +EV betting situations. On average, you are playing at a disadvantage. Without having the ability to know when you're betting into +EV or -EV hands, you're going to be betting into -EV situations, most of the time.
Let's say you're playing a 0.5% HE game. Every bet you make, your EV is -0.5% of the wager.
EV is additive. Each hand you play is -EV. You can't add up a bunch of negative numbers and end up with a positive one. You can't get an edge using (only) the Martingale system.
On the other hand, if you don't care about playing a -EV game, but play purely for entertainment, and you find it entertaining to use the Martingale and "win a little most of the time" but also "lose huge very rarely".....then go ahead. Just remember, you aren't playing with an edge. And eventually, you will hit a severe losing streak, wiping out all your profits, and then some. Be careful.
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