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Late Position | A position on a round of betting in which you act after most of the other players have acted.
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Lay Down | To reveal one's hand in a showdown.
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Lay Down Your Hand | To fold.
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Lay The Odds | To wager more money on a proposition than you hope to win.
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Lead | To be the first to enter the pot after the blind.
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Leak | To lose back part or all of one's winnings through other gambling habits.
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Legitimate Hand | A strong hand that is not a bluff.
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Limit Poker | A game with fixed minimum and maximum betting intervals.
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Limp In | To enter the round by calling a bet rather than raising.
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Limper | A player who enters the pot for the minimum bet.
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Live Blind | When the player is allowed to raise even if no one else raises first; straddle.
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Live Card | In stud games, a card that has not yet been seen in an opponent's hand and is presumed likely to be still in play.
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Live Hand | A hand that is still eligible to win the pot.
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Live One | An inexperienced, bad or loose player who apparently has plenty of money to lose; a rich sucker.
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Lock | A hand that cannot lose; a cinch hand.
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Long Odds | The odds for an event that has a relatively small chance of occurring.
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Look | To call the final bet (before the showdown).
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Loose | Playing more hands than the norm.
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Loose Game | A game with a lot of players in most pots.
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Lowball | A form of poker in which the lowest hand wins.
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