5 card stud

The rules of 5 card stud is pretty much the same as in 7 card stud.

The Open
The dealer gives all players two cards, first a face-down and the second is a face-up. After this a round of betting takes place, the person with the lowest card face-up begins.

Third Street
All players are dealt a face-up card,  and another round of betting takes place

Fourth street
A fourth card is dealt to each player, face-up. Another round of betting takes place, and from now on, the player with the best cards face-up will start the betting, general poker hand rankings apply.

Fifth street
A fifth card is dealt to each player, face-up and another round of betting takes place.

Showdown
The players who are left after the last round of betting show their cards in order from the one who laid the last bet. The player with the best pokerhand wins.

There are also many different variations of 5 card stud, the rules above is only one of them.