Omaha Hi-Lo Bankroll Management

Omaha hi/lo is a low variance game that can be a excellent way to play poker with a smaller bankroll. The betting structure is exactly the same as in limit holdem, but since you have four cards in your hand instead of two, you have a much better idea of your final hand once the flop hits. Good players use this to their advantage and look to exploit situations where they have much larger edges. Also, the fact that the pot is split between the best high and low hands causes almost endless possibilities preflop. Because of this, many players end up playing far too many hands and simply exercising patience will give you a big advantage. By playing hands that have a high “scoop” potential (the ability to win both high and low and take the whole pot), you have a significant edge over players that overvalue their low hands and get involved in pots just because they might make the nut low. Winning the whole pot instead of just half is much more profitable than the average player understands, and better players are selective in the pots they enter and greatly increase their potential winnings with less variance.

Omaha hi/lo is becoming increasingly popular, as more and more players try it out for a change of pace from holdem. You should find decent traffic at most poker rooms, but during non-peak hours you might have to stick to the larger sites. Also, this bankroll management article is referring to Omaha hi/lo limit, although the pot limit variety is also growing in popularity. You also might come across no limit or mixed games at some sites. Take a look at a few of the best places to play Omaha hi/lo below.

Safe Bankroll for Omaha Hi/Lo

Omaha hi/lo is low variance game due to its split pot nature, so you can get away with playing on a much smaller bankroll. A good starting recommendation is 200 big bets. This means that to play in a $1/$2 game, you should have $400. If you are a player that struggles with the psychological effect of a downswing, however, you should have a larger bankroll with you.

Bankroll Required to Move Up in Omaha Hi/Lo

If at any time you reach 200 big bets for a higher level, you can safely move up. The 200 big bet guideline is already a lot more lax than in other limit games, so you really shouldn’t be moving up until you have reached it. If you are very confident in your play and want to take a risk, you can take a shot at a higher level with a little less in your bankroll, but don’t overdo it. If you encounter any losses at the higher level, you must move right back down.

Bankroll Required to Move Down in Omaha Hi/Lo

If your bankroll drops to 200 big bets for the next lower level, you should move down. If a $1/$2 player hits a streak of bad luck and finds himself with $200, he should switch to $.50/$1. Since 200 big bets is far less than the suggestion for many other limit games, you shouldn’t allow yourself to go below this guideline without moving down. Simply drop a level, build back your roll and then give it another try.

When to Cash Out Bankroll Earnings

You can cash out any amount that will leave you with 200 big bets for your current stakes. Again, since this recommendation is already more loose than most other games, you shouldn’t go below this amount. Even though it is a hi lo split game with a lower variance, the bad times will occur, so you don’t want to be playing with so small of a bankroll that a few losses will put you in serious jeopardy.

In conclusion, Omaha hi/lo is a great game to build a bankroll at the lower limits. You need a smaller initial investment than any other game and the micro stakes are filled with players who play far too many hands and ride them out too long. A highly skilled player can expect a very generous win rate without requiring a large bankroll. As in every poker game, though, you will encounter better opponents as you move up, so keep learning and adjusting and stay a step ahead of the competition.