Omaha Hi Lo Rules are very similar to Texas Holdem. If you know how to play holdem, you will catch on to Omaha very quickly. The concept is the same, but the pot is split at the end. Since it is a shared pot, the players tend to bet higher in order to get a decent amount upon winning.
Breakdown of Omaha Hi Lo Rules
Omaha Hi Lo rules begin with the deal. The dealer is going to deal each player five cards down. After each round of dealing, the players are going to bet. Next, the dealer will deal the flop. The flop is three cards face up that the whole table shares. These are called community cards and act as if they are in your hand.
Following the flop, the dealer will flip over the fourth card facing up, or the 'turn', then the fifth card, known as the river. You will bet after each a card is flipped. Now, each player will have nine cards in their hand to choose from. Your best five cards play.
The twist comes in at the end of Omaha Hi Lo. After all the bets are placed and cards dealt, players show their best five card hand. The winner of the high hand then splits the pot with the lowest hand (if they qualify). For a low hand to get half the pot, they mush have a low ball hand of eight or below.