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??'"