In Pot Limit Omaha, it uses a dealer button to indicate where the cards will be shared from. After each game the dealer button is moved forward a step. Small and big blind (blind) spent by the two players directly to the dealer’s left.
The game begins with each player is dealt four hole cards.
First Betting Round (Pre-Flop)
When the blinds bet the dealer deals four cards face down (hole cards) to each player, starting from the small blind. These cards are the player’s private cards. The player to the left of the big blind (big blind) starts the first betting round by calling (bet the same amount as the big blind), raise (minimum raise is the same as the big blind) or fold. The first betting round is finished when all players have invested the same amount in the pot, or fold (after a player’s bet).
Second round of betting (the flop)
When the first betting round is finished, the dealer burns the top card in the deck. This is mainly to avoid cheating by example marking of cards. The dealer then places three cards on the table. These cards are called the flop or flop, and are available to all players. The player left of the dealer starts the second betting round by checking (fit) or “open pot” by betting. Second round of betting is complete when all players have invested the same amount in the pot, checked (Passat) lap around or fold (after a player’s bet).
Third betting round (The Turn)
When the second betting round is finished, the dealer burns again the top card of the deck and then another exposed card on the table. This card is called The Turn or 4th Street. While this card is available to all players. Third round of betting is done in exactly the same way as the second round and is finished when all players have invested the same amount in the pot, checked (Passat) lap around or fold (after a player’s bet).
Fourth betting round (the river)
The dealer burns the top card and then put out another exposed card on the table. This card is called The River or 5th Street and is the fifth and last card players may use to create their own. A fourth and final betting round begins and go to the exact same way as the previous two.
After the fourth and final betting round is finished, it is time for “showdown” where the players remaining in the game show their hands. In Omaha the players must use two-cards from the four cards in the hand and combination with three cards of the common five cards to make their hand. The players with highest possible five card poker hand using two of their own cards and three of the common cards wins the pot. If two or more equally good hands the pot is split between the winners.
Omaha hold’em is usually played as pot limit but it is also quite common to play it fixed limit