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Timeform explain the KC in their latest Knowledge article. In the worked example of the formula, they use a scenario where you think a horse should be even money (50% chance of winning) and its odds are 2/1 (or 3.0 decimally), the equation gives you (((50*2) – 50)/2) = 25% of your bank staked.
I get the theory but to my simple mind this risk seems high. If you toss a coin four times there will certainly be four consecutive "wrong" results that come along all too soon. If they're saying 25% of starting bank, then maybe - provided you don't get the sequence at the start of your run.
I get the theory but to my simple mind this risk seems high. If you toss a coin four times there will certainly be four consecutive "wrong" results that come along all too soon. If they're saying 25% of starting bank, then maybe - provided you don't get the sequence at the start of your run.
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there will certainly be four consecutive "wrong" results that come along all too soon
If you lose 25% of bank, then 25% of remaining bank, then 25% of remaining bank, then 25% of remaining bank, you arent left with nothing. HTH.
If you lose 25% of bank, then 25% of remaining bank, then 25% of remaining bank, then 25% of remaining bank, you arent left with nothing. HTH.
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