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The martingale strategy in baccarat involves continuously doubling your bet after each loss in order to eventually recoup your losses and make a profit. After trying out this strategy, I found that while it can be effective in the short term and help recover losses quickly, it also poses a high risk of losing a large amount of money if a losing streak continues. It requires discipline and a large bankroll to sustain this strategy, and it is important to know when to stop and not chase losses. Overall, the martingale strategy can be a useful tool in baccarat but should be used cautiously and with a clear understanding of the risks involved.