Hi/Low Omaha plays the same as regular Omaha, except that there is an additional way to win a share of the pot.
As in a regular game of Omaha, the Hi winner has the best poker hand. There is always a Hi winner. But, in addition to a Hi winner, there can be a Low winner. The Low winner has 5 different cards below a 9.
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For example
if between your two pocket and three community cards, you had a hand consisting of a 2, 3, 5, 7 and 8 of mixed suits, you would have a Low hand. If your qualifying Low hand is the best (i.e. lowest) you would be entitled to the Low share of the pot.
Your share depends on how many other players won and there may not be a Low winner every hand. You may play 2 different or the same pocket cards for Hi and for Low, along with any three community cards.