I don't see how it increases your chances of winnning. Martingale strategy simply doubles your bet until you hit a win. It is a very risk strategy because it can eat your capital quickly. No one knows how many losing streak you'll have before you win. I've tried it many times and I failed. Now when I play at dice sites my betting style is random depending on what I want that time.
It does not increase your chances of winning. The Martingale Strategy is not built for it. It is designed to recover all your previous losses in a single roll of a dice or toss of a coin or whatever depending on your game. It is indeed a very risky strategy but gamblers are still attracted to use it because many of them do not have the patience to recover every loss little by little.
I am using it in a very limited manner though. I limit the succession of Martingale strategy partly because I only have very limited funds and in a random game such as dice it is always possible to lose 10 times in a row.
