Practical Poker Math

5. Odds in Omaha Hi-Lo
each card is placed on the board the likelihood of improvement
decreases. As each bet or raise is made or called the
money odds get better.
In Omaha Hi-Lo the pot is often split, and many times will
be split among more than 2 players.
Omaha Hi-Lo is one of the few games in poker where the
absolute nut hand can wind up losing money. It is also a
game where, given usually large pots, playing uni-directional
hands, regardless of strength, can carry a much-reduced
expectation over the same hand in non-split games.
In split games, the difference between scoop and not-scoop
is dramatic. If 4 players each have $200 invested in an $800
Omaha Hi-Lo pot:
Scooper Earns $600 Profit
Low Half Earns $200 Profit
Quartered Low Earns $000 Profit
With a nut Low draw or made nut Low hand, primary considerations
are:
1. Whether there will be 3 low cards on the board on
the Flop or by the River
2. Whether the hand is the draw or the nuts
3. The likelihood the low will be quartered or worse
4. The chance the low will be counterfeited
5. The presence of a backup or extra low card in the
hole in case of a counterfeit on the Turn or River.
With a made nut High hand or nut High draw, consider:
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