Ladderman	:	The term for a boxman or floorman who supervises a casino game from a seat on a ladder.
La Grande (Chemin de Fer)	:	The French term for a 9 dealt as a natural.
La Petite (Chemin de Fer)	:	The French term for the 8 dealt as a natural.
Las Vegas Strip	:	Las Vegas Boulevard South, in Las Vegas, Nevada, running from Sahara Avenue south up to and including Tropicana Avenue, containing a group of worldfamous and luxurious hotel-casinos. Also known as the Strip.
Layout	:	The imprint on the felt surface of a gambling table showing either the betting boxes and rules of the game, or the various bets and payoffs that can be made, with appropriate spaces for those wagers.
Lay the Odds (Craps)	:	An odds bet by a wrong bettor against a point or come number which, if won, will be paid off at less than even money.
Lay Wager (Craps)	:	A place bet against a number repeating by a wrong bettor, who pays a 5 percent commission in order to make this wager.
Let It Ride®	:	A form of 5-card poker in which players have the option of retaining or giving up their bets.
Liberty Bell (Slots)	:	The name of the original slots machine invented by Charles Fey of San Francisco.
Loose, Loose Slots (Slots)	:	A slot machine that pays off liberally and gives the house only a small advantage over the player.
Low Pair (Video Poker)	:	A pair of l0s or cards of a lower rank, such as 9s, which alone don't constitute a winning hand.