1) A tournament with no buy-in required.
2)a hand can either chop or win but cannot lose therefore you are said to be “freerolling” it
To give up by taking your cards out of play against a bet, losing whatever you’ve already bet. you fold when you think your hand is just too weak to compete against the other players or not good enough to bluff them with.
The first three community cards dealt after the preflop round of betting is done.