If you want to bring in some variety to your home game, consider playing Omaha High/Low (also known as Omaha 8 or better). This article will tell you what you need to know in order to play Omaha High/Low at your home game.
#1 – you will need a 52 card deck
#2 – there are two forced bets each hand called the small blind and big blind. Determine what limits you are going to be betting and the small blind will pay ½ of that amount each hand while the big blind will pay the full amount. For example, if you decide that you are going to have $1/$2 betting limits, the big blind will pay $1 each hand and the small blind will pay $0.50 each hand.
#3 - Deal clockwise starting with the small blind and continuing until each player has four cards. The person dealing should have something in front of them to let the table know they are the dealer. Typically this is done through a small plastic disk called the dealer button.
#4 – After the cards have been dealt, players can either fold, call (check if they are in the big blind and it is not raised), or raise. Action starts with the player to the immediate left of the big blind and continues until all players have had a chance to make a decision. There are typically a maximum number of raises that can be made, usually varying from four to five.
#5 – After all decisions have been made, cards collected from players who folded, and chips collected from players from bets made, place the top card from the deck face down next to the discard pile. This is called a burn card and is done to help prevent whoever is dealing from stacking the deck and cheating.
#6 – Deal three cards face up on the middle of the table. This is called the flop. Starting from the left of the dealer button, the first player with cards must check or bet, each player left to act may call, raise, or fold depending on the action they are facing.
#7 – After all decisions have been made, cards collected from players who folded, and chips collected from players from bets made, place the top card from the deck face down on top of the other burn card. This is another burn card.
#8 – Deal one card face up on the middle of the table. This is called the turn. The betting limits have now doubled. If you are playing $1/$2 betting limits for example, it is now $2 to continue instead of $1. The action begins as it did in #6 with the first player holding cards and the options are the same.
#9 – After all decisions have been made, cards collected from players who folded, and chips collected from players from bets made, place the top card from the deck face down on top of the other burn cards. This is final burn card. There will be three burns cards at the end of the hand.
#10 – Deal one card face up on the middle of the table. This is called the river. The betting limits remain the same as they were on the turn. The action starts as it did in #6 with the first player with cards and the options are the same.
#11 – Once all decisions have been made, players with cards must turn their hands face up on the table to determine who the winner is. The dealer then figures out who has the best five card high hand and who has the best five card low hand. The winner of each receives half the pot. If there is more than one winner of a high hand or low hand, that portion of the pot is split equally between the winners. For example, let's say there is a $50 pot and two players both have the nut low hand. They would split the $25 (½ of $50) and each will receive $12.50. If there is no low hand, the person with the best high hand receives the entire pot.
#12 - Have fun!
In the event of an odd chip in a split pot, it goes to the high hand. In the event of an odd chip when two lows or highs are taking a quarter of the pot, the house may decide that it goes to high card by suit in the player’s hand or it may go the first player left of the button.