Odds for Omaha are identical to odds in texas holdem.
example: If you hold four to a flush going to a river you still have the same number of outs to the flush as you do in holdem (9 outs).
A slight variance to this though would be if you hold 4 to a flush (say diamonds) but hold 3 diamonds in yor hole cards. (remember you can only use two of them to make your final hand). This would mean that you only have 8 outs to your flush because one of the normal nine outs (the lowest diamond in your hand), is already dead.
The same applies to straights. You still have 4 outs to make your inside straight draw or 8 outs to make your open ended straight draw.
Again though, the nature of the game means that you may be drawing to more than 1 straight depending on your hole cards.
You can have up to 20 outs to a straight if you have a strong wrap hand such as 8,9,10,J of have the flop surrounded with something like 6,7,10,J and a flop of 8,9,x.
This would make you something like 76% odds on to make your straight over your opponents nut top set and if you have flush draws too then you can almost bet with impunity against a hand that is ahead of you at the flop.
So, in terms of actual odds and outs there is no fundamental difference between omaha and holdem. The complexities come from the fact that you are effectively holding 6 different holdem starting hands in the hole and so need to work out the odds for six different possible draws. This however doesn't change the fact that for each calculation you perform the odds are the same as for holdem.
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