Seven Card Stud Hi-Lo (Eights or Better)

Seven card stud eights or better, also known as seven card stud hi lo, is a split pot game, played with two to eight players. As in regular seven card stud, every player is dealt a total of seven cards, three of them face down, and the other four face up. 

A qualifying low hand is made with five cards that are all 8 or lower, an ace counting as the lowest. No pairs can exist in a low hand, but a straight and/or a flush may. The lowest possible hand is A2345. The highest possible qualifying low hand is 87654.  

Bring in
After the initial deal when every player has 1 card showing, the person with the lowest card must "bring in", which means he must place the low limit bet size in the pot. If two or more players share the lowest card, the one closest to the dealer's left side must bring in. This bet counts as your first round bet, so as long as nobody raises, you won't have to place any more money in the pot to see the next card.  

Betting Rounds
There are five rounds of betting. In limit seven card stud, all bets and raises must be equal to either the low limit, or high limit bet size, depending on what round it is. In the first two rounds, all bets and raises must be equal to the low limit bet size. In the third, fourth, and fifth rounds, all bets must be equal to the high limit bet size. If, for example, you're playing 1-2  seven card stud, all bets in the first two rounds will be in increments of 1 dollar, and all bets in the last three rounds will be in increments of 2 dollars. A maximum of 3 raises are allowed per betting round. 

Third street - Two cards are dealt face down to every player, followed by another card face up. The player with the lowest card must bring in, by betting 1/2 of the low limit bet. He may choose to raise by betting the full low limit bet. Play proceeds clockwise around the table, with each player choosing to fold, call, or raise. All bets and raises must be equal to the low limit bet size.  

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