Gambling Dictionary

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.