LOWBALL EXAMPLE
In a $20-40 lowball game with blinds of $10 and $20 in the first and second positions, after all players have received their cards the third player has the option to call $20 or raise to $40 or fold. After the third player has acted the forth player has the option of folding, calling the amount of the bet to him or raising the bet the amount of the betting unit (in this case $20) and so on clockwise around to the button. When the action gets to the little blind his options remain the same and the money placed in the pot as the blind will be part of any call or raise on his part.
The same concept applies to the big blind. (See Caro & Cooke's Rules relating to blinds and the dealer button for more details of how the blinds may respond.) After all bets are called and the after the betting round is complete the dealer scoops all bets into the center of the pot and each player is given the opportunity to replace cards in his hand with cards from the top of the deck. The first player declares to the dealer how many cards he would like to draw and surrenders from his hand an equal number of cards to the dealer. The dealer replaces the surrendered cards with cards from the deck. The procedure then moves clockwise around the table until each player has had the opportunity to draw anywhere from zero to five cards.
After the completion of the draw another betting round commences starting with the first live player immediately to the left of the button who may check or bet and proceeding clockwise around to all players who may check (if no bet is to them), fold (if a bet is to them), bet (if no bet is to them), call (if a bet or a raise is to them), or raise (if a bet or raise is to them.) After the completion of the second betting round the players show down their hands to determine who has the best five card hand. The last player to make action on the final betting round shows down his hand first. If no player bets on the final round, then the player in first position (closest to the dealer button, going from the dealer's left) shows down first. (See Caro & Cooke's Rules relating to showdown.) The dealer then awards the pot to the best shown five card hand, the cards are gathered and the procedure begins anew.