The Rules
The Play
In Omaha Hi/Lo 8 or better (Omaha Hi/Lo) the pot is split 50-50 between the best
high hand and the best qualifying low hand.
First betting round
Each player is dealt four cards face-down (pocket cards)
xSecond betting round
Dealer turns over three community boardcards (the flop) face-up
Third betting round
Dealer turns over 1 more community boardcard (the turn)
Final betting round
Dealer turns over 1 final community boardcard (the river)
Showdown
At the showdown players MUST use exactly two of their pocket
cards and three boardcards.
Players can use any two of their pocket cards with any three board
cards for their high hand, and players can also use any two of their
pocket cards with any three board cards for their low hand.
It is possible to win both high hand and low hand!
Winners of the high hand are judged by standard Poker Rules
A low hand must be high card "8 or better" to qualify. To be eligible
to win the low, the highest card must be a 5, 6, 7, or 8. The winning
Low Hand (8 or better) is determined firstly by the player with the
lowest High card. Upon a tie with the High card, the hand goes to the
player with the next lowest High card. Any hand that is high card 9
or higher can NOT qualify as a low hand.
If there is no qualifying low hand then the high hand wins 100% of the pot.
The Betting
There are four possible betting rounds in texas holdem poker, shown in the
poker rules above.
Each bet and raise during the first two rounds is set at the lower limit of
the stakes structure ($3 in this case).
Betting and raising during the last two rounds is set at the higher limit of
the stakes structure ($6 in this case).
The maximum allowable number of bets during any betting round in texas
holdem poker is four. This includes a (1) bet, (2) raise, (3) re-raise, and
(4) cap. The term cap is used to describe the 3rd raise in a round since
betting is then capped and can't be raised further. Once capped, players
will have only the option of calling or folding.
Check-raising is allowed.
The Button
A flat disk is used at the Hold 'em table to indicate the theoretical dealer
of each hand. This is called the dealer-button.
After each hand has completed, the button moves clockwise to the next
player. This player will be considered to be playing "the button" for that
hand.
The player to the left of the button is first to receive a card and
is required to post a small blind. The small blind is equal to half the
lower limit bet rounded down to the nearest dollar ($3 in this case). The
player to the left of the small blind is required to post the big blind,
equal to the lower limit bet ($3 in this case).
Both blinds in Hold 'em are considered live bets and therefore, have the
option of checking, calling, raising or folding when the betting action
returns to their position. After the flop and each subsequent betting round,
the first active texas holdem player left of the button is first to act.
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