Seven Card Stud Hi/Lo is played exactly the same way as Seven Card Stud, with one exception: In the showdown, the highest hand only wins half the pot, while the other half is won by the best low hand. However, this is true only if a player shows down a qualifying low hand. If there is no qualifying low hand, the best high hand wins the whole pot.
Overview
Omaha
Cards dealt to each player 3 concealed
4 open
Community cards dealt none
Number of betting rounds 5
Limits Fixed limit
Blinds or antes Antes
The Game
Low hand requirements To qualify as a low hand, a hand must not contain any card higher than 8, and no pair or better. However, a straight or flush does not disqualify a low hand. So, for example, 6h-5h-4h-3h-2h qualifies as a low hand. (At the same time, it is a very strong high hand, a straight flush.) Forming a high and a low hand In the showdown, you use five of your cards to form a high hand, and five to form a low hand. You can use one or several cards in both the high and the low hand, without restriction. For example, if you hold A-2-4-5-6-7-8, you would use A-2-4-5-6 for your low hand, and 4-5-6-7-8 for your high.
Game Advice For Seven Card Stud Hi/Lo
Scoping

As in Omaha Hi/Lo, trying to win the whole pot is important. You can do this is in two ways: Either by winning both the high and low sides, or by having the best high hand while there is no qualifying low hand.