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Know about 5 Card Omaha
Each player is dealt five cards face down, as opposed to the four cards that are dealt in Regular Omaha. That is the first variation.
Regular rounds of betting are followed after each round of the community cards are dealt, the FLOP, TURN and RIVER.
Five community cards dealt in total.
Like in Omaha, the players must choose two of their four cards and are required to use both of them in order to make the best hand possible.
Omaha is a bit trickier. You must use 2 of your hole cards when forming your best possible hand. If all hearts are showing on the board, and you are holding an ace of hearts and a king of diamonds, you would have a flush in Texas Hold ‘Em. When playing 5 Card OMaha, you would simply be holding an ace high hand, since both cards must be used.
Pot Limit - In this popular variation, the maximum amount that can be bet is the total sum of the chips in the pot. This makes it inexpensive to begin the hand, but can become quite risky and costly by the end.
Fixed Limit - In this version, a pot can only be raised a maximum of four times and the bet or raise must be equal to the size of the blinds. Not a lot of folding takes place in this version, as it is relatively inexpensive to stay in the game.
No Limit - In this aggressive version , players can bet or raise as much as they desire and at any point during the betting.
Because each player has an extra card in their hand, the variance in 5 Card Omaha is much higher and you will frequently see hands with higher hand strengths. You must take this into consideration especially if you have just migrated from Texas Hold’em where even a PAIR may be a decent hand.