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Most Pot Limit Omaha players know that
Omaha is a game of "the
nuts." In a multi-way pot, the
winning hand is, more often than not,
the best possible hand out there. When
you start with four cards, you have
six different possible two-card hands.
This increases the chances that
someone is holding the nuts. What many
beginning Pot Limit Omaha players do
not understand is that Omaha is really
a game of redraws.
A redraw means that after the flop,
you not only have some kind of made
hand, you also have draws to a better
hand. Having redraws in Pot Limit
Omaha is so important that it is
sometimes mathematically correct to
fold the nuts on the flop. For
example: suppose you raise in the late
position with Ac Kh Tc 9h -- a very
good starting Omaha hand. Two players
call and you see the flop
three-handed. The flop comes 6d 7s 8s.
You've flopped the nut straight, which
is the best hand possible at the
moment. The problem is that you have
absolutely no chance to improve your
hand. This is as good as it gets. This
may be okay if both of your opponents
check to you. But, if one opponent
makes a pot-sized bet and the next one
makes a pot-sized raise, then what do
you do? How can you fold the nuts?
If one of your opponents has flopped a
set, and the other player -- or
possibly even the same player -- has a
flush draw, you are almost a 2-1 dog
to win the pot. If one of those
opponents has the same straight as you
with a flush draw as well, or a wrap
to a higher straight (such as 9,T,J),
your hand is even worse because you
can only win half the pot even if you
don't lose to a flush or full house.
You have to ask yourself what your
opponents would possibly be betting
and raising with on this flop. If
there is a chance that all of the
redraws are out against you, then you
should always fold. If both of your
opponents check and either one is
tricky enough to be capable of a check
raise, then you should still check
this flop. If a blank comes on the
turn - the 3c for instance -- your
hand will be much stronger. Keep in
mind, though, that if all of those
draws are still out against you, even
now you're not much better than 50% to
win this pot.
Having multiple redraws to the nuts is
much better in Omaha than having the
best hand at the moment. Lay this hand
down and save your chips for use in a
better spot.
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