Seven Card Stud Hi/Lo Poker is based on Seven Card Stud in that it also consists of five rounds of betting. In this instance, however Players play for two pots - the best low hand and the best high hand. Again the maximum bet doubles after the third round of betting, resulting in large pots. Players are less inclined to fold bad hands during this game, as the highest and lowest hands split the pot equally.
First you must place an ante on the table.
The ante amount is set before the game begins by the players if it is a private informal game or by the card room.
1. You are dealt three cards: two pocket cards and one visible card.
2. The Player with the lowest card must bring-in the betting.
3. A round of betting begins. Players can either:
4. After all the Players have contributed the same amount into the pot, the Fourth Street betting begins.
5. The bet amounts are raised to the high limit in the Fifth Street and Sixth Street.
6. The last phase of Seven Card Stud Hi-Lo Poker is the Seventh Street. The outcome of the game is determined in this phase. The remaining Players then create the best five-card low and five-card high hand possible. The two Players with the best high and low hands, split the pot.
It is possible to win the entire pot by having both the highest and lowest hands.
It is not always possible to create both a low hand and a high hand. Sometimes you can only play for either the high hand or the low hand.
If you and another Player tie on a hand, you both win a quarter of the pot. This is known as the pot being quartered.
Player A wins the high hand and Players B and C tie for the low hand. The pot is $100. Player A receives $50 and Players B and C receive $25 each.
A big pair is worth betting on, unless another Player is betting aggressively on what seems to be a very good hand.
Fifth Street is a make-or-break point. As the bet amount doubles each round, ensure your hand can produce a win at the end of the game. This minimizes your loss.
When there are less than four Players at the table, you still lose money if the pot is quartered.
You must decide quickly if you are eligible to play for the low hand, and adjust your betting accordingly.
It is advisable to fold if another Player's exposed cards beat your entire hand.
If you are trying to complete a Straight, check to see if the cards you need are displayed by another Player. You can then adjust your strategy accordingly.
Fold when necessary. Seven-Card Stud Hi-Lo Poker is a game of patience, so do not bet all your money on losing hands.
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