Omaha Hi-Lo (also known as Omaha/8 or better) is commonly seen as one of the most difficult but favored poker variations. It is a game that, even more than normal Omaha poker, aims for action from every level of players. This is the chief reason why a once invisible variation, has grown in acceptance so amazingly.
Omaha 8 or better begins just like a regular game of Omaha. 4 cards are dealt to every player. A round of wagering follows where players can wager, check, or fold. Three cards are dealt out, this is known as the flop. One more round of betting happens. Once all the gamblers have either called or folded, a further card is flipped on the turn. Another sequence of wagering happens and then the river card is revealed. The entrants will have to put together the best high and low five card hands based on the board and hole cards.
This is the point where many entrants get flustered. Contrasted to Hold’em, in which the board can be every player’s hand, in Omaha hi/lo the player must use exactly three cards from the board, and exactly 2 cards from their hand. No more, no less. Contrary to regular Omaha, there are 2 ways a pot might be won: the "higher hand" or the "low hand."
A high hand is just how it sounds. It is the strongest hand out of every player’s, it doesn’t matter if it is a straight, flush, full house. It is the same approach in nearly every poker game.
The lower hand is more complex, but certainly opens up the action. When determining a low hand, straights and flushes do not count. the lowest hand is the worst hand that can be put together, with the lowest value being made up of A-2-3-4-5. Considering that straights and flushes do not count, A-2-3-4-5 is the lowest possible hand. The low hand is any 5 card hand (unpaired) with an 8 and below. The low hand takes half of the pot, as just like the high hand. When there’s no lower hand available, the higher hand takes the complete pot.
It may seem complex initially, following a couple of rounds you will be agile enough to pick up on the base nuances of play simply enough. Since you have people betting for the low and wagering for the high, and since so many cards are in play, Omaha 8 or better provides an overwhelming range of wagering options and seeing that you have several individuals shooting for the high hand, and a few battling for the low. If you like a game with all kinds of outs and actions, it is not a waste of your time to participate in Omaha High-Low.