Today's 5:00 PM event is Event 24: $5,000 Omaha Hi-Low Split 8-or-Better. For those of you who may be unfamiliar with the game, you can refer to the PokerNews Poker Rules: Omaha Hi-Lo (8 or Better) page to check things out and get a feel for how the game is played. The page is complete with game rules, terms and also strategy links.
Omaha is similar to Hold'em in that it is a flop game, but instead of two hole cards, you receive four. The trick is that you must you two cards from your hole cards and only two cards, to make your best five-card hand at the end. This is the part that sometimes confuses people new to the game as they'll make the mistake of only using one card from their hand or trying to use three. Just like Hold'em, there is a betting round preflop followed a betting round after each of the flop, turn and river.
This event is a split-pot game, with half the pot going to the best high hand and half the pot going to the best low hand. In order to have a low hand, a player must be able to make a five-card hand with five separate cards eight or lower.