A situation with no
downside and a possible
upside. Often used in poker to describe a free tournament in which real prizes can be won or a hand where players currently have the same rank hands, but one has a chance to improve and beat the other without
reciprocal risk. Can also be used to describe any other life situation that conforms to the pattern.
"You playing freerolls again?" -"Yah, man. Guaranteed +EV."
"Jake and Derek were tied since they both had Ace-King, but because Jake had spades to match the two spades already out, he was freerollin'
the flush."
"I threw my
business card in the jar to try to win a
catered lunch. I figured, 'Freeroll, why not??'"