Omaha Poker follows the same play sequence as Texas
Hold'em Poker, but with two differences: a) players are
dealt four "pocket" cards instead of two; and b) players
must use two "pocket" cards and three "community" cards to
make your best high hand. (If anyone tells you that Omaha is
just like Hold'em, they are not discussing strategy).
Hi/Low Omaha plays the same as regular Omaha,
except that there is an additional way to win a share of the
pot.
As in a regular game of Omaha, the Hi winner has the
best poker hand. There is always a Hi winner. But, in
addition to a Hi winner, there can be a Low winner. The Low
winner has 5 different cards below a 9. For example, if
between your two pocket and three community cards, you had a
hand consisting of a 2, 3, 5, 7 and 8 of mixed suits, you
would have a Low hand. If your qualifying Low hand is the
best (i.e. lowest) you would be entitled to the Low share of
the pot. Your share depends on how many other players won
and there may not be a Low winner every hand. You may play 2
different or the same pocket cards for Hi and for Low, along
with any three community cards.
Omaha games use a flat disk, called the dealer-button
(or simply "the button") to indicate the theoretical dealer
of each hand.
After each hand has been completed, the button moves
clockwise to the next active player and this player will be
considered to be the button for that game. 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 up to the nearest dollar.
The player to the left of the small blind is required to
post the big blind. The big blind is equal to the lower
limit bet.
Both the small and the big blinds are considered live bets
and therefore have the option of checking, calling, raising
or folding when the betting action comes back around to
their position. After the flop and after each subsequent
betting round, the first active player left of the button is
first to act.
When a player first sits down at an active table, they will
be required to post the equivalent of the big blind. All
players have the option of sitting out and waiting to become
the actual big blind before starting to play. This rule is
in place to ensure fairness to all players. The rule stops
potential abuses to the system by preventing players who may
otherwise constantly enter games in late position and then
leave before they are required to post a big blind.
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