Omaha Hi-Lo (also known as Omaha 8 or better) is frequently viewed as one of the most complicated but favored poker variations. It is a variation that, even more than normal Omaha poker, aims for action from every level of players. This is the chief reason why a once irrelevant game, has increased in acceptance so rapidly.
Omaha 8 or better begins exactly like a regular game of Omaha. Four cards are dealt to each player. A round of wagering ensues in which players can wager, check, or drop out. 3 cards are dealt out, this is referred to as the flop. One more round of wagering happens. After all the gamblers have in turn called or dropped out, a further card is revealed on the turn. an additional round of betting ensues at which point the river card is flipped. The gamblers must attempt to make the strongest high and low five card hands using the board and hole cards.
This is the point where some entrants often get confused. Contrasted to Texas Holdem, where the board can make up every player’s hand, in Omaha hi lo the player must use exactly three cards on the board, and precisely 2 hole cards. Not a single card more, no less. Unlike normal Omaha, there are 2 ways a pot may be won: the "higher hand" or the "low hand."
A high hand is exactly what it sounds like. It’s the best hand out of everyone’s, regardless if it is a straight, flush, full house, etc. It is the same notion in just about all poker games.
A low hand is more difficult, but certainly free’s up the action. When determining a low hand, straights and flushes don’t count. A low hand is the weakest hand that might be put together, with the lowest value being made up of 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 low hand is any 5 card hand (unpaired) with an eight and lower. The low hand takes half of the pot, as does the higher hand. When there’s no low hand presented, the high hand takes the complete pot.
While it seems complicated at the outset, after a couple of hands you will be agile enough to get the basic subtleties of the game with ease. Since you have players betting for the low and betting for the high, and since so many cards are being used at the same time, Omaha 8 or better provides an overwhelming range of betting options and owing to the fact that you have many players battling for the high hand, as well as several battling for the low hand. If you enjoy a game with all kinds of outs and actions, it is not a waste of your time to play Omaha High-Low.