To split a pot, use both hands to take chips from the pot and make stacks, placing them side by side to compare height (and therefore value). Separate equal stacks and place aside. If there is more than one denomination of chip in the pot, start with the largest and work down. If there is an odd number of larger chips, use smaller chips from the pot to equalize stacks, or make change as necessary. Always break the pot down to the lowest denomination of chip used in the game. Three-way ties or further splits can also be done this way. (As an aside, this practice of comparing the size of a stack of poker chips is the origin of the phrase to stack up against, as in I like this car, but its performance just doesn't stack up against Joe's Mercedes.)
When you have finished fully dividing a pot, there may be a single odd lowest-denomination chip remaining (or two odd chips if splitting three ways, etc.). Odd chips can be awarded in several ways, and which method you use should be decided ahead of time:
Sometimes it is necessary to further split a half pot into quarters, or even smaller portions. This is especially common in community card high-low split games such as Omaha hold'em[?], where one player has the high hand and two or more players have tied low hands. Unfortunate players receiving such a fractional pot call it being quartered, in reference to the torture technique of being "drawn and quartered". When this happens, an exception to the odd chip rules above can be made: if the high hand wins its half of the pot alone, and the low half is going to be quartered, the odd chip (if any) from the first split should be placed in the low half, rather than being awarded to the high hand.
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