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Omaha High/Low is played very similarly to Omaha High, the main difference being that in Omaha High/Low, the pot is split 50-50 between the best high hand and the best qualifying low hand, consisting of 5 cards of different values ranked 8 or lower.
Straights and flushes are not counted against you when determining your low hand. However, they still apply for determining the high hand. Aces can be used both for high and low hands, therefore the best possible low hand is A, 2, 3, 4, and 5, which is also a straight for a solid high hand. It should be the aim of a player to scoop the entire pot with both the highest and lowest hands.
Buy-in
Players must buy-in with a minimum amount of chips equal to ten times the lower bet limit of the game. For example on a $3/$6 table the minimum buy-in is $30; on a $10/$20 table the minimum buy-in is $100.
Game Summary
Omaha High - Low uses a disc called a dealer button to indicate where the cards are to be dealt. Prior to the deal, the two players to the left of the button place live bets called the small and big blinds. It is called a blind because players must pay this amount before seeing their cards. It's called live because it counts as part of any further bets in the first betting round.
The play begins with four cards dealt facedown to each player. Action starts with a betting round beginning with the player to the left of the blind bets and continuing clockwise around the table. Players may bet, check, raise or fold in turn. The big blind has the privilege of last action and may check or raise the bet.
Three community cards called "The Flop" are then dealt up in the center of the table and another betting round takes place beginning with the player to the left of the dealer button. Another card is dealt face up (called "The Turn") followed by a round of betting.
The fifth and last card called "The River" is dealt face up and a final round of betting takes place. All players remaining will then show their cards and the winning poker hand will be awarded the pot. Players must form their best five-card poker hand from only two of their four pocket cards and any three of five community cards.
Sit Down
From 6 to 10 players areseated around a table.
Dealer Button
In front of one of the players is a round disc or button. This disc determines the order of betting (posting the blinds) and moves to the left one player at a time, after each hand.
Post Blinds
Before the cards are dealt at the beginning of each hand, the two players directly to the left of the dealer button must post "blinds". To post a blind is to place a bet before getting cards.
The player to the immediate left of the dealer button posts the "small blind," equal to half of the minimum bet (Example: $5 for a $10/$20 game). The player to the left of the small blind posts the "big blind," equal to the amount of the minimum bet (Example: $10 for a $10/$20 game).
Once the blinds have been posted, the first round of cards is dealt. These consist of four cards face down to each player and are called the "pocket cards". Each player can see his or her own pocket cards.
Then the first round of betting takes place, beginning with the player immediately to the left of the big blind and continuing in a clockwise direction around the table.
