Understand your statistics
How do you read a bankroll’s drawdown in units?
Kalivoa editorial team ·
Drawdown measures the decline from a curve’s previous high to a later point. For cumulative profit in units: drawdown = previous peak − current cumulative profit. Maximum drawdown is the largest such decline within the observed period. A positive final result can therefore coexist with a substantial decline along the way.
Which curve should you use?
First identify what the curve represents: balance, capital or cumulative profit. A public Kalivoa bankroll chart shows cumulative profits and losses in units. It does not show the actual bookmaker account balance.
Choose a period and consistent history. Missing bets, corrected results or a different unit convention change the path. Reproducing a calculation requires the same starting point, bets and order.
How do you calculate the decline step by step?
Read results chronologically. After each settled bet, add its profit or loss to the running total. Keep track of the highest cumulative value reached so far, including the starting point.
At each point, subtract the current cumulative value from that previous peak. A new high has zero drawdown at that instant. Retain the greatest decline to obtain maximum drawdown for your chosen scope.
A recovery reduces current drawdown; it does not erase the maximum decline already experienced. A new peak becomes the reference for subsequent points.
A real example: a 3.50 u decline from September 12 to 16
On October 8, 2026, EGS Betting’s public history showed a winning bet on September 12 followed by three losing bets on September 13, 15 and 16. Displayed losses were 1.25 u, 1 u and 1.25 u. No other entry was visible between those dates in that history.
For this excerpt, set the origin to 0 u immediately after the September 12 bet. This zero is a calculation reference, not the tipster’s capital. The losses then produce cumulative changes of −1.25 u, −2.25 u and −3.50 u.
Maximum decline within this excerpt is 0 − (−3.50) = 3.50 u. It must not be presented as the complete bankroll’s maximum drawdown.
| Excerpt point | Added outcome | Cumulative change | Decline from excerpt peak |
|---|---|---|---|
| After the September 12, 2026 bet | Reference point | 0 u | 0 u |
| September 13, 2026 | −1.25 u | −1.25 u | 1.25 u |
| September 15, 2026 | −1 u | −2.25 u | 2.25 u |
| September 16, 2026 | −1.25 u | −3.50 u | 3.50 u |
Why does the page show 4.15 u maximum drawdown?
At the same observation, the page displayed 25 settled bets, +9.41 u cumulative profit and “Drawdown max” of −4.15 u. That figure covers the complete displayed series; our table covers only September 12–16.
The negative sign describes a decline; its depth is 4.15 u. Final profit gives the final cumulative result. Drawdown describes the decline from an earlier peak. A positive result does not mean a path without losses.
4.15 u does not automatically mean 4.15% of capital
Expressing a decline as a percentage of capital requires the peak capital and a compatible capital series: relative decline = (peak capital − capital after decline) ÷ peak capital × 100.
Cumulative profit can start at zero or become negative. Dividing drawdown by that profit does not give a meaningful capital percentage. The tipster’s private cash amounts are unknown, so we do not convert this drawdown into euros or an account percentage.
Which limits matter?
Period, sampling frequency and bet order affect drawdown. Daily grouping can hide a peak or trough between bets. Check those conventions and bet count before comparing histories.
Drawdown does not prove that every slip was verified or cap future losses. Read evidence, ROI and curve declines separately. Do not increase stakes to recover an earlier peak: tracking helps you understand exposure and personal limits.