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Lay
A bet against a particular number by the wrong bettor, who gives the casino a 5% comission.
  
Lay (The) Odds
After a point has been established, the don't pass bettor can place an additional odds bet that will win if the original don't pass bet wins. The lay odds bet is paid at less than even money.
  
Lay Bet(s)
A bet that a 7 will be rolled before the number you are placing (4, 5, 6, 8, 9, or 10) comes up. The casino requires you to lay slightly more than the correct odds, giving the house an edge of 3.03% on 4/10, 2.5% on 5/9, and 1.82% on 6/8. This bet is the opposite of Buy Bets, and the 5% charge is on the amount you could win, not on the amount you bet. The 5% commission is usually taken up front, but some casinos take the commission after the bet wins.
  
Lay Wager
Betting against a point number that has been thrown by paying a 5 percent commission.
  
Layout
The imprinted surface of a craps table, which shows all the areas where bets can be placed.
  
Like Mom and Dad
Betting that the next roll will be the total sum of 8 (4&4).
  
Line Away
Betting that the next roll will be the number of 7 (5&2).
  
Line Bet
A bet on the "pass line" or the "don't pass line" is called a "line" bet. These bets are placed at the beginning of the game, before the "come out" roll. The shooter is required to make a line bet in order to shoot the dice.
  
Little Joe
A pair of twos or Hard 4.
  
Little Joe from Kokomo
Betting that the next roll will be the number of 4 (2&2).
  
Little Phoebe
Betting that the next roll will be the number of 5 (3&2).
  
Long and Strong
When the stickman asks you to throw hard enough to hit the backboard.
  
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