Omaha - A lesson in protection
Even more important than winning a big pot in omaha, is protecting your stack. Avoiding bad draws is a good way to do this. Here are some examples of draws you should dump.
Hand 9876
Flop JT2
although a Q987 make you a straight, only a 7 makes the nuts. add a flush draw on the board to the equation, and that makes 2, possibly 3 cards that make the nuts. Consider if someone is playing AKQ, a likely starting hand, then you are drawing toward a disaster.
hand 7H 5D 4D 2H
flop 6H 6D 3D
you are faced with a raise and a pot sized reraise
You have 2 viable outs, maybe. With the pair on board your flush and straight draws are no good at all, meaning your only hope is to catch a miracle straight flush. Not likely. Dump the hand.
hand 2287 (If you look to previous posts, I warn about playing this hand)
flop AA2 turn K
you are faced with a bet and an all in.
You have made your hand. You have a boat. A call is automatic right? Wrong. This is the ass end boat, the worst of the worst, and the board is telling you that you are likely beat. If you call don't be surprised to see AA, AK, A2 or KK. I fold full houses all the time in omaha. It's what separates the good players from the great. A deuce may be your only out.
When drawing in omaha, always ask yourself how many "nut" outs you have. Outs to a straight or flush may not be "good" outs so be wise when choosing your draws when faced with pot-sized bets. Never draw to a flush or straight with a pair on board, and avoid playing those low pairs preflop altogether. Chase the nuts not the good hand.

