laydown A tough choice to fold a good hand in anticipation of superior opposition. lead The player who makes the last bet or raise in a round of betting is said to have the lead at the start of the next round. Can also be used as a verb meaning to bet out into the pot, "to lead into the pot."
level Used in tournament play to refer to the size of the blinds that are periodically increased. For example, in the first level the small blind / big blind may be $50 / $100, in the second level the blinds may be $100 / $200. leg-up, leg-up button The button used to signify who has won the previous hand in a kill game. Winning a pot in a "2 consecutive pots" kill game with the leg-up button in front of you, results in a kill.