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At showdown, players must use exactly 2 hole cards to make their best 5 card high and low hand. The same cards can be used to make a high and a low hand. A low hand qualifies for half of the pot when it is an 8-low or better. If there is no qualifying low hand, the high hand scoops the entire pot.
Pot Limit Omaha Hi-Lo is a derivative of Pot Limit Omaha where it is possible to win the pot in two different ways: either the usual way of holding the strongest hand (High), or by making the weakest possible hand (Low). In fact, pots are regularly shared between the players holding the High hand those holding the Low.