In Omaha Hi Lo the high hand winner must split the pot with the player with the best qualifying low hand. There is always a high hand winner but not always a low. For your hand to qualify for low, it must have five denominations no higher than an eight. Two of your your four down cards are played for high and two are played for low. Players must play exactly two out of their hands for each direction. Aces are played both high and low. Straights and flushes do not disqualify a hand for low, so a player ending with 5 4 3 2 A would have an unbeatable low hand and a 5 high straight to play for high. A player with this hand would have a good chance of winning both ways. He or she could also have another high hand better than the straight.
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Omaha Poker Strategy
The most important thing to keep in mind in split pot games is the big profit difference between winning half the pot and "scooping" it all. - It is a lot more than just twice as much. Scooping the pot usually builds a healthy addition to your stack of chips. Getting half often puts you barely ahead of where you were before you started playing the hand. Expert Omaha Hi Lo players only play starting hands, like those recommended here, that have a good chance of winning both ways. Omaha is a game of "nuts". With so many players with so many cards, finding so many reasons to play, a final hand with a fairly good high and a fairly good low can easily get clobbered by nut hands both ways. So after the flop or maybe the turn, if it looks like you don't have an almost certain nut for one end and a decent shot at the other, you should probably fold up and wait for the next hand.