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Kelly Betting
Betting a proportion of your bankroll equal to advantage divided by the variance of the possible outcomes. This style of betting is intended to minimize the risk faced by a bettor and most betting schemes recommended by serious blackjack experts are a modification of this style of betting.
  
Knock-Out Count
An unbalanced level one counting system which counts the 2 through 7 cards as plus one and the tens, face cards and aces as minus one. It was developed by Olaf Vancurra and Ken Fuchs and is featured in their book, Knock-Out Blackjack.
  
Ko
See Knock-Out Count.
  
Ku
The acronym for Ken Uston, author.
  
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