Omaha Hi-Lo (also known as Omaha/8 or better) is commonly viewed as one of the most complex but favored poker variations. It is a game that, even more than regular Omaha poker, aims for play from all levels of players. This is the chief reason why a once irrelevant game, has grown in popularity so amazingly.
Omaha hi-low starts just like a normal game of Omaha. Four cards are dealt to every player. A sequence of wagering ensues where players can wager, check, or fold. 3 cards are given out, this is called the flop. One more sequence of wagering happens. Once all the players have in turn called or folded, an additional card is revealed on the turn. an additional sequence of betting follows and then the river card is revealed. The gamblers will need to put together the best high and low five card hands based on the board and hole cards.
This is the point where some players get flustered. Unlike Hold’em, in which the board can make up every player’s hand, in Omaha hi lo the player must use exactly three cards from the board, and precisely 2 cards from their hand. No more, no less. Unlike normal Omaha, there are 2 ways a pot may be won: the "higher hand" or the "lower hand."
A high hand is exactly what it sounds like. It’s the best possible hand out of every player’s, it doesn’t matter if it is a straight, flush, full house, etc. It is the very same notion in almost all poker games.
A low hand is more difficult, but really free’s up the action. When determining a low hand, straights and flushes do not count. A low hand is the worst hand that can be put together, with the lowest being A-2-3-4-5. Seeing as straights and flushes do not count, A-2-3-4-5 is the smallest value hand possible. The lower hand is any 5 card hand (unpaired) with an 8 and smaller. The lower hand wins half of the pot, as just like the high hand. When there’s no lower hand available, the higher hand wins the entire pot.
It may seem difficult initially, following a few rounds you will be able to get the fundamental nuances of the game simply enough. Seeing as you have players betting for the low and wagering for the high, and since such a large number of cards are in play, Omaha hi/low offers an overwhelming array of wagering possibilities and because you have many players shooting for the high hand, and many trying for the low. If you prefer a game with all kinds of outs and actions, it is not a waste of your time to play Omaha High-Low.