The
game is played as follows:
Dealer
Button:
There
is a button that is moved around the table that dictates who
is the “dealer” and who will, therefore, be dealt the last hand. The
Dealer’s position at the table changes after every game played
as a result of the Dealer Button being moved one player in the
clockwise direction after the conclusion of every poker hand.
The players immediately to the left of the Dealer Button post the small and
big blinds.
Blinds:
Blinds
are forced bets made by the two players to the left of the Dealer
button. The player adjacent to the Dealer button (first
player left of the button) posts what is called the small blind and
the player next to him (2nd to the left of the button)
places the big blind. The small blind is usually half the full bet
while the big blind is a full bet. Example: At a 10/20 table
(where $10 is the first full bet and later rises to $20 for the
last two cards) the small blind would place $5 and the big blind
would be the full $10 bet.
Now
that Dealer Button and blinds are explained, the game can be
played.
The
Deal:
Four
pocket cards are dealt to each person. In the first round,
the player left of the big blind plays first and can either bet,
raise or fold. If no raise is made before the Big Blind, then the
Big Blind has the option to raise over his forced bet or just
call. The Small Blind has to equal the amounts of the bet or fold,
thus giving up the forced bet.
The
betting rules in Pot-Limit Omaha are much different than in limit games. A player
can bet any amount up to the amount of the current pot and can raise
up to the new
amount of the pot after any call is made. For example, if the pot is
$150 and someone makes a $100 wager, the next player can call the
$100 wager (the pot is now $350) and then raise to the pot limit
of $350 for a total bet of $450. This differs to no-limit in which
any amount can be wagered at any time. With Pot limit, the pot
size controls, or limits, the size of the bets.
In
the second round, three community cards, called
the Flop, are dealt. A round of betting follows and players now can either check,
fold, call, or raise.
In
the third round, the fourth card is revealed, known as the
Turn. A round of betting follows and then on the fourth round of
betting, the
fifth and final card is revealed, which is the River. The remaining players then
MUST USE use two of
their four hole cards and three of the five community cards to
create the best five-card high hand possible. This a unique aspect
of all of the variations of Omaha and is the main difference
between Omaha and Holdem. The player with
the best high hand wins the pot. In the event of a tie, the pot
will be split between the two (or more) winners.