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"Mistakes" According to the Fundamental Theorem of Poker
It is very important to understand that when we talk about making a mistake according to the Fundamental Theorem of Poker, we're not necessarily talking about playing badly. We're talking about a very strange kind of mistake -playing differently from the way you would if you could see all your opponents' cards. If You have a royal flush and someone has a king-high straight flush, that player is making a mistake to call me. But a player surely cannot be accused of playing badly by calling or, as is much more likely, raising with a king-high straight flush. Since he doesn't know what You have, he is making a mistake in a different sense of the word.

In advanced poker you are constantly trying to make your opponent or opponents play in a way that would be incorrect if they knew what you had. Anytime they play in the right way on the basis of what you have, you have not gained a thing. According to the Fundamental Theorem of Poker, you play winning poker by playing as closely as possible to the way you would play if you could see all your opponents' cards; and you try to make your opponents play as far away from this Utopian level as possible. The first goal is accomplished mainly by reading hands and players accurately, because the closer you can come to figuring out someone else's hand, the fewer Fundamental Theorem mistakes you will make. The second goal is accomplished by playing deceptively.
 
Casino Poker Games - High Low Split

This name covers several popular forms of poker. The game may be five-card draw, five-card stud, or seven-card stud, and in the showdown the best low hand and the best high hand Split the pot. Sometimes, however, the rules may require that players have to declare - either simultaneously or consecutively - whether they are going for high, for low, or for both.

In five-card High - Low Split games the best low hand is always A,2,3,4,5, as in draw lowball. In seven stud games the best low hand is sometimes A,2,3,4,6, with straights and flushes counted as high. Aces always count both as low cards and high cards. (Hence, two aces may be a low pair as well as a high pair.) In stud High - Low Split games, the high hand on board usually starts each betting round.

A variation of High - Low Split requires a player to have an 8 low or better to qualify for low. If no one has an 8 low or better, the best high hand wins the whole pot.

 
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