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OmahaHi-LO explain

Omaha Hi


Omaha Hi is a community card game. Every player is dealt four cards face down, followed by five community cards dealt face up in the middle of the table. The five community cards may be used by every player.

When played in casinos, Omaha Hi is played with a dealer button to mark who the dealer would be if the casino weren't providing one for the table. The button rotates clockwise around the table between every hand. This is important as the "dealer" is the last to act, and thus has the greatest advantage for that hand.  

Blinds
Omaha Hi rules dictate that there be two forced bets every hand, called blinds. There is a small blind, which is 1/2 of the low limit bet size, and a big blind, which is equal to the low limit bet size. Before the hand begins, the player to the immediate left of the dealer button is forced to post the small blind, and the player to the left of that person is forced to post the big blind. These bets count towards that player's first round bet, and are considered live, meaning the player may choose to raise even if nobody else has.
 

Betting Rounds
There are four rounds of betting. In fixed limit Omaha Hi game, in the first two rounds of betting, all bets must be equal to the size of the low limit bet. In the last two rounds of betting, all bets must be equal to the high limit bet. If, for example, you're playing 1-2 Omaha Hi, all bets in the first two rounds will be in increments of 1 dollar, and all bets in the last two rounds will be in increments of 2 dollars. A maximum of 3 raises are allowed per betting round.

Preflop - The player to the immediate left of the dealer button is forced to post the small blind. The player to the left of him, or two to the left of the dealer button, is forced to post the big blind. Two cards are dealt to every player face down, starting with the small blind. The action begins with the player to the immediate left of the big blind, who must decide to fold, call (by putting in the low limit bet), or raise (by putting in twice the low limit bet). Action proceeds clockwise around the table. The small blind may call (assuming nobody has raised) by adding the other 1/2 of the low limit bet he was already forced to put in. The big blind may simply check (assuming nobody has raised), as he has already put in the full size of the first round bet.

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