Live card

:

In stud games a card that has not yet been seen and is therefore presumed likely to be still in play.

Live one

:

A loose, weak player with a lot of money to lose. A rich sucker. There is a story, perhaps apocryphal, about a poker games in Gardena in which one player had a heart attack and died. The player to his left shouted to the floor man, "Hey, Louie, bring us a live one."

Lock

:

A cinch hand. A hand that cannot lose.

Long odds

:

The odds for an event that has a relatively small chance of occurring.

Long shot

:

An event that has little chance of occurring. Hence, in poker a hand that has little chance of being made.

Loose

:

Playing more hands than the norm.

Late position

:

A position on a round of betting in which you act after most of the other players have acted.

Lay the odds

:

To wager more money on a proposition than you hope to win.

Legitimate hand

:

A hand with value; a hand that is not a bluffing hand.

Limit

:

The amount a player may bet or raise on any round of betting.

Limit poker

:

A poker games where the minimum and maximum amounts a player may bet or raise
on any given round of betting are fixed.

Lowball

:

A variety of poker games in which the best low hand wins in the showdown.

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