In pot-limit and no-limit Omaha hi-lo games insurance policy is often taken in case a player goes all-in and bargaining no longer takes place. It is extremely fair in Omaha.

Insurance means that a player having the best chances to win the pot agrees to pay back a certain sum of money (premium) to the player laying out the insurance if his hand is folded. If the opponent draws badly the insurer pays him the defined sum of money as compensation. Thus the insured gets back from the pot at least the sum which the insurer promised to pay if the insured loses the deal. The insurer can be his opponent, a player not taking part in the pot or somebody who doesn’t play in the pot at all.
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See the beginning in Part I.

4) Usually to accelerate the game the pot sum is somehow rounded.

All extra chips in the pot left after rounding are considered one additional unit. For example the pot is rounded to a hundred dollars ant its real size is $725, now the maximum allowed bet is $800. (more…)

The term pot-limit means that a player can’t make a bet more than that of the pot. However one should remember that a player who raises bets has to call the existing bet first.

For example, there are $100 in the pot and Player A bets $50, Player B wants to raise the bet to the maximum so first he sees his opponent’s $50 (now the pot is $200) and then raises $200. Acting this way Player B actually puts in the pot $250 and now every next player entering the pot is expected to put $250 in the pot.
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Read beginning in the 1st part.

5) Your hand AK77 Flop 1087

You’re on the button and have three sevens. A bet is made and players call it. Everyone has a lot of chips. Your actions? (more…)

In the following quiz imagine that you play pot-limit Omaha against middle-smart opponents.

1) Your hand AKJ8 Flop 1088

You bet the pot against four opponents and two of them call. On the turn there comes insignificant card, say two. All players still have a lot of money. Your actions?

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This post continues about strategy of playing pot-limit Omaha high-low. Read Part I, Part II, Part III, Part IV first.

12) Don’t take defensive position each time a frightening card comes on the board!

Quite often on the board there comes a card creating opportunities for straight or flush. If it happens and my hand is not improved I ask myself a question: do I still want this pot? If the answer is yes and I am the player who bet on the flop I continue to bargain; but if the answer is no I usually check.

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This is the continuation of articles posted before. Read Part I, Part II, Part III first.

10) Respect preflop raises.

Raising in preflop usually means possession of high pair or high cards. A lot of players crawling into the pot for a minimum bet automatically call raises. Usually you can call a raise on a hand like 10976 but it is dangerous to call on AK108.

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Read first: Part I, Part II.

6) Don’t play aces without suited support too aggressively.

Some players think that they should bet on the maximum each time they have two aces in preflop. If a third ace comes on the flop all fun from those proud aces goes to their opponents. With such a combination you simply enter the pot especially if you have a lot of money. (more…)

See beginning of the article in Part I.

Here are some tips to help you avoid the most common errors in pot-limit games:

1) Don’t stick to closely to nut flush draw!

Nut flush draw is a good hand in holdem. If a pair appears on the board you have chances to win anyway if you draw the flush. A pair to an ace is usually a winning combination as well. In Omaha forming a pair with board cards is usually fatal and two aces win a pot seldom. (more…)

Poker champion Doyle Brunson once called no-limit Texas holdem a Cadillac among poker games. Using the given standard I’d call pot-limit Omaha a Rolls-Royce of poker games. To my opinion this is the perfect form of poker.
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