Lady or Ladies
Another term for a Queen or pair of Queens
Late Position
A position on a round of betting in which you act after most of the other players have acted.
Lay Down Your Hand
To fold.
Lay Down
To reveal one's hand in a showdown.
Lay The Odds
To wager more money on a proposition than you hope to win.
Lead
To be the first to enter the pot after the blind.
Leak
To lose back part or all of one's winnings through other gambling habits.
Legitimate Hand
A strong hand that is not a bluff.
Lid
The top card of the deck.
Limit poker
A structured poker style that uses fixed limits on betting and raising per round. Limit poker games require specific bet amounts, as opposed to no-limit games in which you can bet the farm if so desired. A $5-$10 Texas Holdem game usually requires $5
Limp In
To enter the round by calling a bet rather than raising.
Limper
A player who enters the pot for the minimum bet.
Liner
A face card. (Because you can see a line when the card is face down and the lower right corner is lifted).
Live Blind
A forced bet put in by one or more players before any cards are dealt. The 'live' means those players still have the option of raising when the action gets back around to them.
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.
Live Hand
A hand that has not been folded or mucked, or a hand with many outs remaining.
Live One
An inexperienced, bad or loose player who apparently has plenty of money to lose; a rich sucker.
Lock
A hand that cannot lose; a cinch hand.
Long Odds
The odds for an event that has a relatively small chance of occurring.
Look
To call the final bet (before the showdown).
Loose Game
A game with a lot of players in most pots.
Loose
When a player calls the final bet before the showdown.
Lowball
A form of poker in which the lowest hand wins.
Lower Limit
The lower bet limit in a stakes game | 
