[OrrLives]

If you only deposit $50, definitely start at 0.01/0.02 and buy in a little short for ~60-80BB ($1.20-$1.60) until you get a feel for the game. This will limit your losses but still be large enough to make a lot of postflop decisions. I would also suggest starting at full ring and playing very tight until you are comfortable. Eventually, make the transition to 6max since most games online are 6max (and hence, most fish are at 6max).

When you feel comfortable with PLO and are somewhat decent at it (aren't losing), you should buy in for at least 100BB ($2), perhaps more. Remember that even a good player can have losing streaks that last for many thousands of hands. Move up limits when you have ~20 buyins for the next level (~$100 for 0.02/0.05), but be ready to move down if you lose a decent percentage of your bankroll.

Keep reading the posts in this forum in order to get an idea of what constitutes a good starting hand, what is a good flop for certain hands, what are the warning signs from villains (betting patterns), etc. Post some hands too and we will tell you what you did right or wrong.