The dealer deals one card face down to each player, which must remain as "Hole Card" until end of hand.
The dealer then deals one card face up to first player on his left. That player then has the option to keep, or push that card to the next player and purchase (Price is optional) another face up card from the dealer which he must keep face up, until at least the next round of the deal. (If dealer wants to push, he pays a chip and pushes to the discard pile. Deal continues in this manner, until each player has 2 cards, one face up and one face down.
The "Hole Card" cannot be pushed. (Yet!)
Highest face up card starts the betting. All other players have the option to Call, Raise or Fold. After all bets are in the pot, dealing continues as above until each remaining player has five cards, one face down and four face up.
At this point, dealer asks each player, in turn, if they would like to purchase an "Insurance Card". If a player decides to purchase Insurance; he must pay the pot a chip value of 10 to 20 times higher than the lowest chip value; and push any one of his cards (up or down) to the discard pile.
After the final round of betting; each remaining player picks up 1, 2, or 3 chips and hides them in one hand only! (1 chip for low, 2 chips for high, 3 chips for both ways)
At a signal from the dealer, players place ONLY the hand with the chips, on the table and open their palm to display their declaration. They then turn all of their cards face up to display value of each hand as it applies to their declaration.
If a both way bettor is beat or tied, either high or low, he loses!