The goal of razz is to collect the lowest 5-card combination out of 7 cards. A maximum of 8 players can play limit razz simultaneously.

Every game begins with players putting in an ante. After this, each player is dealt 2 hole cards that are hidden from other players and one card face up. The first round of betting begins (there are 5 rounds of betting in each razz hand). In the beginning of the first round, the player with highest open card makes the first bet. Suits are ranked as follows from high to low: Spades, Hearts, Diamonds and Clubs. This bet could be the minimum (called bring-in), or it can be made up to the amount of a small stake. Other players have an option to fold, to call the bring-in or the stake, to make a small stake themselves (if it hasn't been made yet) or to raise to the amount of a double small stake. There can be 3 raises in a betting round. The last raise is called the cap.

After the first betting round ends, the remaining players are dealt 3 more open cards (which are called the 4th, 5th and 6th streets) and the last closed card (7th street). After each dealt card, a new round of betting begins. On the 5th, 6th and 7th street, the stakes are doubled.

In the end every remaining player has 7 cards - 4 open and 3 closed. At the flop, the player with the lowest 5 different card combination out of his 7 cards wins. Aces are the best low card. Flushes and straights have no value. Two cards of a pair count as one. The best combination in razz is A-2-3-4-5.