A B C D E F G H I J K L M N O P R S T U V W X Y Z

Lammer- A special chip a satellite tournament winner receives to use it as an entry to a larger tournament.

Late position- A person who is among the latest to act in a round of betting.

Laydown- Folding a playable hand with the conviction that the hand will lose.

Leak- A flaw in a player's play.

Limit poker- A form of poker in which players are required to place bets according to the game's betting limit structure.

Loan shark- A person who is willing to loan money to poker gamblers with huge interest. (Often, a very shady individual).

Long call- Making a call with a so-so hand trying to expose bluffers.

Loose player- A player who chooses to stay in most hands (even when the probability of him winning with his current hand is scarce).

Low roller- A gambler who usually plays in small stake games.

Low-stakes game- A game of poker with small stakes.

Lucky draw- To nab a card that completes a hand defying the odds.