freeroll

Noun

 * 1)  A poker tournament with no entry fee.
 * 2)  A situation where a player is guaranteed a tie but can still win.
 * We both had straights, but Jill had a flush draw: she was on a freeroll.

Verb

 * 1)  To be in a position where one is guaranteed a tie, but one can also win.
 * We both had straights, but Jill had a flush draw: she was freerolling me.