Usually means: No risk with potential rewards.
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We found 5 dictionaries that define the word freeroll:

General (3 matching dictionaries)
  1. Freeroll, freeroll: Wordnik
  2. freeroll: Wiktionary
  3. Freeroll (poker), Freeroll: Wikipedia, the Free Encyclopedia

Slang (1 matching dictionary)
  1. freeroll: Urban Dictionary

Sports (1 matching dictionary)
  1. Freeroll: Dan's Poker

Definitions from Wiktionary (freeroll)

noun:  (poker) A poker tournament with no entry fee.
noun:  (poker) A situation where a player is guaranteed a tie but can still win.
verb:  (poker) To be in a position where one is guaranteed a tie, but one can also win.

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