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Omaha Hi/lo is another popular variation of Omaha poker. The game is very similar to normal Omaha Hi, and utilizes the exact same betting and blind structures. The difference between the two games comes at showdown where the pot is split between the winning Hi hand, and the winning Lo hand.
To make a Lo hand you must be holding five distinct cards with no pairs and no card higher than an 8. As you must use two of your hole cards to make your hand, you must be holding two cards below and 8, and have three community cards below an 8 as well. Straights and flushes don't count, so the best low hand becomes A-2-3-4-5 of any suit. A Lo hand is ranked of the high card, so a hand with a high card of a 7 - say 7-6-5-4-3, would beat a hand of 8-4-3-2-A. If two players make a Lo hand with the same high card, the next card is taken into consideration and so forth. If they are holding equal hands, then the pot will be split. If no Lo hand has been made, the entire pot will go to the winner of the high hand. The big difference between straight Omaha Hi and Hi / Lo is that a player potential has two hands - a high and a Lo. A player can win both the high and low halves of the pot if they are holding the best high and low hand with the same cards.
For more Omaha Hi/Lo information, see Wikipedia.
