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Omaha high low is played exactly like Omaha high until the showdown. In Omaha high low, the pot is split between two winners: the player who had formed the highest hand and the player who has the best low hand. If none of the players has a qualifying low hand, the player who holds the highest hand wins the entire pot.
Omaha high low is also referred to as Omaha 8 or better. It means that in order to qualify as low hand, the hand cannot contain any 8s or cards of higher value. The best possible low hand is called the wheel. A, 2, 3, 4, 5. Ace value can be either high or low and flushes and straights are disregarded.
It sometimes occurs in Omaha high low poker game that the pot splits between more than two players. It can also happen that one player, who holds both high and low hands at the same five card poker hand, wins the entire pot.