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Ladies: Two Queens.
Lady: A Queen.
Lay Bet: A bet that a particular number (4, 5, 6, 8, 9, or 10) will not be rolled before a 7 comes up.
Lay The Odds: Odds bet against the number that pays off at less than even money.
Lay Wager: Betting against a point number that has been thrown by paying a 5% commission.
Laydown: A wager.
Laying The Points: Betting on the favorite.
Layout: The graphic table cover that indicates all places where wagers can be placed.
Let It Ride: A poker game.
Limit: Definition 1: Maximum amount a player may wager on a specific bet or event. Definition 2: Maximum amount a player may increase a previous bet (at poker, etc). Definition 3: Maximum amount bet before the casino/bookie changes odds and/or the points.
Limp In: In Poker, To enter the pot by calling rather than raising.
Line: The listed odds or points offered on a game.
Line Maker: A person who establishes the original and subsequent betting lines.
Little Joe: A pair of 2s.
Live Hand: A hand that could still win the pot.
Live Horse: A horse considered to be in shape to run his best.
Live One: A player with money looking for action.
Load Up: To play the maximum number of coins per spin that a slot machine or video game will allow.
Loaded: A person with a large bankroll.
Lock: Best bet ,an easy winner, a no brainer.
Loose Slots: A loose slot indicates a machine with a higher payout over a period of time.
Low Ball: A Poker game in which the pot is awarded to the hand with the lowest poker value.
Low Poker: A Poker game in which the pot is awarded to the hand with the lowest poker value.

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