 L  |
| Labouchere |
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A betting progression, also known as the cancellation system. A bettor chooses a series of two or more numbers which add up to the profit he intends to make. He then bets the total of the two outside numbers in the series and cancels those numbers if he wins. He continues betting the two outside un-cancelled numbers until he has completed the series. If he loses a bet, he adds the amount of his loss to his series as a single number. He must therefore cancel out two numbers for each number added. This system is a good way to lose good money fast.
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| Las Vegas |
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Small piece of Nevada desert - where gambling is legal - with mystic power to draw throngs of people and invite them into tossing coins into either holes made of metal or felt.
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| Las Vegas Strip |
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The portion of Las Vegas Boulevard which extends roughly from Sunset Road to Sahara Boulevard. It includes many of the most well known casinos in Las Vegas, such as the Mirage, Caesar's Palace, the Flamingo Hilton, New York - New York, Circus Circus and the Bellagio, to name a few.
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| Las Vegas Strip Rules |
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Rules referring to a game of Blackjack with a single deck, dealer standing on all 17's, double allowed on the two first cards dealt and no doubling after splitting permitted.
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| Late Surrender |
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A blackjack rule which allows the player to forfeit half of his bet after seeing the dealer's up card, unless the dealer has a blackjack, in which case the player loses his entire bet.
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| Level |
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1. A reference to the number of values assigned to cards in a card counting system. A level one system, such as Hi-Lo, assigns one value, plus or minus one, to the cards. A level two system would assign two values, such as plus and minus one and two. 2. In multi-deck games: number of deck played.
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| Ll |
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The acronym for Lady Luck, a casino.
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| Lol |
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The acronym for Laughing Out Loud.
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| Ls |
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The acronym for Late Surrender.
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| Lt |
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The acronym for Lake Tahoe.
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| Luck |
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Imaginary substance believed by many players to aid in winning. Should not be relied upon in place of skill.
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| Lv |
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The acronym for Las Vegas, the city.
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| Lva |
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The acronym for Las Vegas Advisor, Anthony Curtis's newsletter.
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