What does Hi/Lo mean?

Hi/Lo indicates that the pot is split between the highest ranking hand and the lowest ranking hand when a qualified low hand exists. For low hand rankings, the individual rank of each of the five cards must be unique. Suits and ranked sequences (flushes and straights) are not considered when ranking low hands, making these hands eligible for both the low and high hands. Along with Aces being the highest card for High Hand ranks, Aces are used as the lowest card for Low Hand ranks.

 

Five High

Also known as the 'bicycle' or 'wheel' – consisting of 5, 4, 3, 2 and Ace.
Tied Hand: This is the lowest possible "Low" hand. If two or more Five High exist at showdown, the pot is split.

 

Six High

Five uniquely ranked cards with the highest card being a 6.
Tied Hand: If two or more Six High exist at showdown, the lower second ranking card wins. The third, fourth and fifth highest ranked cards are used when necessary. If the hands are identical in rank, the pot is split.

 

Seven High

Five uniquely ranked cards with the highest card being a 7.
Tied Hand: If two or more Seven High exist at showdown, the lower second ranking card wins. The third, fourth and fifth highest ranked cards are used when necessary. If the hands are identical in rank, the pot is split.

 

Eight High

Five uniquely ranked cards with the highest card being an 8. This is considered the weakest hand that qualifies for the "Low.”
Tied Hand: If two or more Eight High exist at showdown, the lower second ranking card wins. The third, fourth and fifth highest ranked cards are used when necessary. If the hands are identical in rank, the pot is split.