1 definition by GyaanChand

LP

abbreviation

Loser Pays, Loser's Pay
LP is a prize/betting term used in games which refers to the agreement made by players before the start of play.
Usually the agreement is, Loser pay and the winner takes it all.

Shall I ask the new player in the club for a LP match this weekend?

by GyaanChand May 11, 2022