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In Omaha Hi-Lo, the player with the highest hand splits the pot with the player with the lowest hand. In order to qualify for the low hand, your hand must feature an eight, seven, six, five, four or lower. If there is no qualifying low hand, the player with the high hand takes the entire pot. Players use two of their hole cards--along with three community cards--to make their hands.

The dealer position, also called "the button," changes with every hand. The button moves one space in a clockwise rotation after every game. Before the flop, the player sitting to the left of the big blind is the first to act. After the flop, the player sitting one position to the left of the button is the first to act.