In poker, there are three ways to win: hitting a hand, making a draw, or bluffing. In order to determine how much money a player will receive for winning a hand, the payout table is consulted.
The payout table is a list of all possible hands and the corresponding payouts for each.
For example, if a player is playing against another player with A-K-Q-J, the first player would receive 1 point for each of their cards, and the second player would receive 0 points. So if the first player wins the hand with their A-K, they would receive 3 points and the other player would receive 0 points.
If the first player had also drawn their K, they would still receive 3 points – 2 for their A and 1 for their K. If the second player had drawn their J, they would still receive 0 points since they did not beat any cards.
The payout table is important because it determines how much money a player will earn for winning a hand. In fact, in many cases it is more important than which cards are actually played in that particular hand. For example, in Omaha Hi-Lo, if two players have both Aces but one has an Ace high and one has an Ace low (two of a kind), the high card wins (since it beats any five card draw).
However, if the same two players have an Ace each (Ace high and Ace low), then the low card wins (since it beats any two card draw). This is because in Omaha Hi-Lo there is no flush draw (four of a kind) or straight draw (fivecard straight).
