Omaha Hi/Lo

[teaulc]

Owing to its frequently large pots, Omaha Hi/Lo (also called "Omaha High Low", “Omaha H/L”, “Omaha/8” or "Omaha 8-or-better ") has become a hugely popular game around the world. Each player in an Omaha Hi/Lo game is dealt four private cards ("hole cards") that belong only to that player. Five community cards are dealt face-up on the "board". All players use exactly two cards from their four hole cards in conjunction with exactly three cards from the board to make the best five-card poker hand possible. The pot is divided between the best hand for high and the best hand for low - hence the name, Omaha Hi/Lo. Omaha Hi/Lo is played with an "8-or-better" qualifier, which means that a hand must be at least an 8-7-6-5-4 low to be eligible to win the low portion of the pot. Types of Omaha Hi/Lo Games Omaha Hi/Lo can be played in the following formats:

• Limit Omaha Hi/Lo - Specific betting limit applied in each game and on each round of betting.
• Pot Limit Omaha Hi/Lo - Bets are limited to the amount of chips in the pot.
• No Limit Omaha Hi/Lo - A player can bet all of the chips he has available.
• Mixed Omaha Hi/Lo - The game alternates between rounds of Limit and Pot-Limit. The blinds are increased when the game switches from Pot-Limit to Limit, to ensure that the stake levels are consistent.

Rules for Playing Omaha Hi/Lo In Omaha Hi/Lo, a marker called ‘the button’ or ‘the dealer button’ indicates which player is the nominal dealer for the current game. Before the game begins, the player immediately clockwise from the button posts the "small blind", the first forced bet. The player immediately clockwise from the small blind posts the "big blind", which is typically twice the size of the small blind, but the blinds can vary depending on the stakes and betting structure being played. In Limit games, the big blind is the same as the small bet, and the small blind is typically half the size of the big blind but may be larger depending on the stakes. For example, in a $2/$4 Limit game the small blind is $1 and the big blind is $2. In a $15/$30 Limit game, the small blind is $10 and the big blind is $15. In Pot Limit and No Limit games, the games are referred to by the size of their blinds (for example, a $1/$2 Omaha Hi/Lo game has a small blind of $1 and a big blind of $2). Now, each player receives their four hole cards. Betting action proceeds clockwise around the table, starting with the player ‘under the gun’ (immediately clockwise from the big blind). Player Betting Options In Omaha Hi/Lo, as with other forms of poker, the available actions are ‘fold’, ‘check’, ‘bet’, ‘call’ or ‘raise’. Exactly which options are available depends on the action taken by the previous players. Each poker player always has the option to fold, to discard their cards and give up any interest in the pot. If nobody has yet made a bet, then a player may either check (decline to bet, but keep their cards) or bet. If a player has bet, then subsequent players can fold, call or raise. To call is to match the amount the previous player has bet. To raise is to not only match the previous bet, but to also increase it. Pre-Flop After seeing his or her hole cards, each player now has the option to play his or her hand by calling or raising the big blind. The action begins to the left of the big blind, which is considered a ‘live’ bet on this round. That player has the option to fold, call or raise. For example, if the big blind was $2, it would cost $2 to call, or at least $4 to raise. Action then proceeds clockwise around the table. Note: The betting structure varies with different variations of the game. Explanations of the betting action in Limit Hold'em, No Limit Hold'em, and Pot Limit Hold'em can be found below. Betting continues on each betting round until all active players (who have not folded) have placed equal bets in the pot. The Flop After the first round of betting is complete, the "flop" is dealt face-up on the board. The flop is the first three community cards available to all active players. Betting begins with the active player immediately clockwise from the button. In Limit Omaha Hi/Lo, all bets and raises on the flop are in increments of the small bet (for example, $2 in a $2/$4 game). The Turn When betting action is completed for the flop round, the "turn" is dealt face-up on the board. The turn is the fourth community card in an Omaha Hi/Lo game. Play begins with the active player immediately clockwise from the button. In Limit Omaha Hi/Lo, bets and raises on the turn are in increments of the big bet (for example, $4 in a $2/$4 game). The River When betting action is completed for the turn round, the "river" is dealt face-up on the board. The river is the fifth and final community card in an Omaha Hi/Lo game. Betting begins with the active player immediately clockwise from the button. The Showdown If there is more than one remaining player when the final betting round is complete, the last person to bet or raise shows their cards, unless there was no bet on the final round in which case the player immediately clockwise from the button shows their cards first. The player with the best five-card hand for high wins half the pot, and the player with the best hand for low wins the other half. In all Omaha games, players must use two and only two of their four hole cards in combination with exactly three cards from the board. In the event of identical hands, the high and low shares of the pot will be equally divided between the players with the best hands. In the event that no hand qualifies for low (i.e. is an eight low or better), the best hand(s) for high wins the whole pot. After the pot is awarded, a new Omaha Hi/Lo game is ready to be played. The button now moves clockwise to the next player. Limit, Pot Limit, No Limit Omaha Hi/Lo Omaha Hi/Lo rules remain the same for Limit, No Limit and Pot Limit poker games, with a few exceptions:

• Limit Omaha Hi/Lo Betting in Limit Omaha Hi/Lo is in pre-determined, structured amounts. Pre-flop and on the flop, all bets and raises are of the same amount as the big blind. On the turn and the river, the size of all bets and raises doubles. In Limit Omaha Hi/Lo, up to four bets are allowed per player during each betting round. This includes a (1) bet, (2) raise, (3) re-raise, and (4) cap (final raise).
• Pot Limit Omaha Hi/Lo The minimum bet in Pot Limit Omaha Hi/Lo is the same as the size of the big blind, but players can always bet up to the size of the pot. Minimum raise: The raise amount must be at least as much as any previous bet or raise in the same round. As an example, if the first player to act bets $5 then the second player must raise a minimum of $5 (total bet of $10). Maximum raise: The size of the pot, which is defined as the total of the active pot, plus all bets on the table, plus the amount the active player must first call before raising. Example: If the size of the pot is $100, and there is no previous action on a particular betting round, a player may bet a maximum of $100. After that bet, the action moves to the next player clockwise. That player can either fold, call $100, or raise any amount between the minimum ($100 more) and the maximum. The maximum bet in this case is $400 - the raiser would first call $100, bringing the pot size to $300, and then raise $300 more, making a total bet of $400. In Pot Limit Omaha Hi/Lo, there is no ‘cap’ on the number of raises allowed.
• No Limit Omaha Hi/Lo The minimum bet in No Limit Omaha Hi/Lo is the same as the size of the big blind, but players can always bet as much more as they want, up to all of their chips. Minimum raise: In No Limit Omaha Hi/Lo, the raise amount must be at least as much as the previous bet or raise in the same round. As an example, if the first player to act bets $5 then the second player must raise a minimum of $5 (total bet of $10). Maximum raise: The size of your stack (your chips on the table). In No Limit Omaha Hi/Lo, there is no ‘cap’ on the number of raises allowed.

[johnd14]

Re: Omaha Hi/Lo Just give me the steel wheel and lets go to the next hand.:spank