I believe a Eulerian walk must hit all edges on a graph, and a closed Eulerian walk must start and finish at the same vertex? This can only exist if all vertices are of even degree. So for all $Kn, \ n=even$, there are 0 closed Eulerian walks. For $Kn,\ n=odd$, there are ${n\choose 2}$ edges to work with. We can start with any edge first, have edge-1 for next choice, etc. So, ${n\choose 2}! = {total\ closed\ Eulerian\ walks}$?
This works for n=3, but for greater, there are many instances where you will get stuck, so not all ${n\choose2}!$ options will work. How can I correct this, or is there another obvious method I have missed entirely?
Yes, an Eulerian walk must same start and endpoints, except for $K_2$, otherwise the walk "uses up" an odd number of edges at some vertex, and an even number of edges at another vertex.
No, $\binom{n}{2}$ counts all the edges, and $\binom{n}{2}!$ counts all permutations of the edges, including permutations such as $$ (12,34,23,13,24,14,15,25,35,45) $$ when $n=5$, where the consecutive edges $12$ and $34$ do not share an endpoint, violating the condition that it's a walk. However, $\binom{n}{2}!$ gives an upper bound on the number
There's probably no straightforward formula: there's no formula given at Sloane's OEIS A135388 for Eulerian circuits, and enumeration is only complete up to $n=15$.