Seven Card Stud Hi/Lo is basically the same as seven card stud with the showdonw being the only difference. The pot is split evenly between the players with the highest hand and the lowest hand, as long as the low hand qualifies.
Using any of their seven cards, a player can have both the high and the low hand.
Players are dealt seven cards in five rounds and they must make their best hi or low 5 card poker hand from the cards they are dealt.
To begin with, each player at the table puts up a small ante and then each player is dealt two cards face down and one card face up.
The player with the highest up card begins the betting with a forced bed (also known as the bring in) and then play moves in a clockwise direction with players either calling the bring, completing the bet (raising to the lower limit) or folding. There is a limit of three re-raises in all betting rounds.
An up card is again dealt to each player still in the hand, followed by another betting round beginnin with the player whose up cards make the best hand.
No straights, flushes or full houses will count for this as there are less than 5 cards face up.
Another round of betting starts after a third up card is dealt followed by a fourth up card being dealt and another round of betting.
Finally, a down card is dealt and the final betting round begins followed by the showdown.
Players must make their best 5-card poker hand out of the seven cards they were dealt at the showdown.
7 card stud hi/lo follows the 2 down, 4 up, 1 down pattern of seven card stud.