Alright...
First off, starting hand selection, look for one of these hands to play:
-4 cards above 9, none of which are paired, and preferably double suited. This will basically mean should the flop bring mostly high cards, you should have two pair with a strong straight draw. Best of all, it means not splitting the pot with the low hand.
-Ax2y, preferably A2 suited and xy suited. x would be any card J or higher (including ace), y is a 3, 4, or possibly 5. This should help you get a good low hand, and if low cards hit, you should have a good chance at hitting the wheel.
-4 cards, 6 or lower, no pairs. If you get something like this, you are almost guaranteed to win the low hand (should it be eligible).
Now, there are other starting hands you can play, but I feel this is a good starting point. All of these are capable of seeing a flop with, and can be folded fairly cheaply being that you will either hit a very strong draw or nothing at all with these.
The biggest thing you'll want to do in this game is scoop the pot. For those who don't know, scooping is where you win both the high half and low half of the pot. When you win the entire pot, well...it's a nice addition to your chip stack...but you'll find when you split the pot you only add a small portion to your chip stack (and sometimes will lose in the end...nevermind the dreaded quarter pot or 1/6 pot

!!). However, a split pot is inevitable at points in a game, so its important to build up the pot as much as possible with as many players as possible. Here's an example: the board reads Ad5xQdJd3x. You just happen to hold KdJdXxXx. AWESOME! You hold the nuts, the royal flush. However, it's quite possible someone was chasing (and hit) a low draw. Knowing a split is likely, it would be a very good move to build the pot while keeping as many players in. If the majority of chips was put in by only 3 players, your only getting 1/2 of one players chips! However, if you can find that magic number where 6 players will put in chips (and this is quite possible at low limit O8), you have 2.5 players worth of chips profit! Make sense now?
Omaha is all about draws. Chase them, oh yes, please chase them...but make sure they are strong draws. Don't chase any flush other than the nut flush, no straight other than the nut straight, and only if there is no pair on the board (cuz 9 times out of 10 someone will end up having a FH in that situation..yeh those aren't the real stats but close enough). Don't call any river bets unless you have a made hand, straights or better...if you don't have better, make sure you have a damn good read on the player, or if its a REALLY small bet (in which case, it's good to get information).
So, that's my view on Omaha H/L, if someone with more experience would like to shoot me down now, that would be perfectly fine

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