The most popular betting format for Omaha online Poker is Pot-Limit or PLO as it's commonly referred to in the poker circuit. As the name suggests, betting is limited to the size of the pot (learn how to calculate the pot size in the guide below). The game is structured the same as Texas Holdem, with 4 streets of betting and a showdown to determine the winner, and with the four available cards in your hand it makes for an even more action packed game than Texas Holdem. No - Limit and Fixed Limit Omaha is rarely played live and fans of these formats have no option but playing on PokerStars or Full Tilt, where there is plenty of Omaha action in all formats.
How to bet the pot in Omaha
In live Omaha games betting is often announced by saying 'Pot', which means that you want to bet size to be the same as what's in the pot. It's best though to know yourself what the maximum bet is that can be made, see the hand below to understand raising and betting in PLO:
$1/$2 Pot Limit Omaha
Let's take a $1/$2 6 handed omaha game as an example. According to the rules of poker, there are two limpers and then it's on you: you look down at and decide to raise the pot.
First you have to determine how much the current bet is ($2) and what the current potsize is ($1+$2+$2+$2 = $7). Then you add the current bet to the pot (as if you were calling) and raise by adding the new pot size, including your 'call' : $7+$2+$2 = $11 which is the size of your raise. Another player behind you decides to raise to Pot as well: First he has to call $11, and then raise by the total pot: $11+$18+11 = $40 is his raise.
The shortcut to use here is ' multiply the last bet by 3 and add the remainder' .
An ace-high straight flush
Five cards of the same suit ranked sequentially in order
Four cards of the same numerical value
Three cards of the same numerical rank combined with two other cards of the same numerical rank
Five cards of the same suit
Five cards ranked sequentially in order regardless of suit
Three cards of the same numerical rank
Two cards of the same numerical rank and two other cards of the same numerical rank
Two cards of the same numerical rank
The card with the higher numerical value e.g. A high