An abbreviation for the words Live On Three, which is said during cyberathletic matches, or scrimmages, between to qualifying teams. When lo3 is said a CAL(Cyberathleric Amatuer League) configuration file is executed which restarts 3 times consecutivly, then the scrimmage is considered Live
(loser-cubed) or (loser³)
If you become the victim of bad luck ( your opponent's good luck) or the game wasn't played fairly (the teams weren't balanced )... etc.