Quartered
Quartered means that you win only a quarter of the pot in a hi-lo game, because you tie for one half of the pot with another player. For example, if you and another player share the nut low, each of you takes a quarter, while the high hand takes half.
The simple explanation
In a hi-lo game, the pot is split in two. If one player has the best high hand, he takes half. If two players tie for low, they split the other half, so each gets a quarter. When a player is quartered, he often gets back less than he put in.
A closer look
Being quartered is a common problem in Omaha hi-lo, and it is an unwanted result. It is the reason why players prefer nut lows without a partner, and why A-2 is the best low starting hand, since it tends to be the nut low. When you suspect that another player has the same low, be careful about betting more. A player who has the high and the low alone scoops the pot, taking it all.
A practical example
In Omaha hi-lo, two players both have the nut low and a third has the best high. The high takes half, and each low player gets a quarter.
Full explanation
Quartered means that you win only a quarter of the pot in a hi-lo game, because you tie for one half of the pot with another player. For example, if you and another player share the nut low, each of you takes a quarter, while the high hand takes half.
Quartered means winning only a quarter of the pot.
It happens in hi-lo games when two players tie for one half.
Another player takes the other half.
It is an unwanted result.