Game for Stakes is a type of gambling game where players compete against each other for a prize or stake. The term 'LOO' is a three-letter word used to describe this type of game. It is derived from the French phrase 'jeu de l'HOMBRE', which translates to 'game of the man'. This type of game is usually played with cards, dice, or other objects and involves betting on the outcome of the game. Players can win or lose money depending on the outcome of the game.