Submitted by TwoGun on 2004-04-10
7 stud Hi-Lo is played in the same way as seven card stud with one exception, the highest and the lowest hand split the pot. Most stud hi-lo games have a qualifier that the low hand must consist of 5 non-paired cards that are 8 or lower (ace is considered high or low). Thus, a hand such as AAT88654 has AA88T for high and a A4568 for low. Straights and flushes do not count for low, so the best low hand is a wheel (A2345).
In case you are unfamiliar with seven card stud, here is a recap:
All players ante. All players are dealt two cards face down (hole cards) and one exposed card. This is called third street. The person with the lowest card must 'bring in' and is forced to bet half the small bet (if it is played fixed limit). Players can then, raise, call, or fold.
4th street: An exposed card is dealt to each player, followed a round of betting. For fourth street onward, the person with the best exposed hand begins the betting (i.e. if someone has AQ exposed, another has 55 exposed, and someone else has 48 exposed, the person with 55 goes first because he has a pair of 5's.)
5th street: An exposed card is dealt to each player, followed a round of betting. If the game is played in a fixed limit format, this is where the big bet would kick in.
6th street: An exposed card is dealt to each player, followed a round of betting.
7th street: Each player is dealt a final hole card, followed by the final round of betting.
If the game has 8 players and there aren't enough cards left in the deck to deal each player a final hole card, a card is placed on the board and it is considered 'shared' by all the players (similar to hold'em).
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