Has anyone tried a martingale style approach what do you think of this one?

[2huskys]

Ino the martingale is a sure way to disaster in a roulette game or something but I wonder if it can be used successfully in sports betting where you can at least have a good indication of what may happen. Im not even talking about doubling your money the hole way up to 500 quid but say you pick an even money bet of some sort wether that be a single or 3-4 heavy favourites. Why not just give 4 goes at it i.e. start with a pound and if you lose 4 in a row accept the loss and go back to the start. It will be a loss of 15 just and not the hole bankroll up to that point. Could the martingale not make up more than enough for those losses?

[moggis]

Re: Has anyone tried a martingale style approach what do you think of this one? whether you make a profit or loss will depend on whether the prices you pick are value overall and/or luck