Free play refers to a specific type of promotion that is offered by some casinos, in which players are given a certain amount of money to use on certain games, usually slot machines. This money is not real money, but rather a form of "play money" that can be used to play the games but cannot be cashed out or withdrawn.
A Free Play is a bonus play that allows you to place a bet without any risk. For example, if you place aR$55 real money wager at -110 odds, this will be riskingR$55 to winR$50. However, with aR$55 Free Play, there is zero risk so this becomesR$0 to winR$50. If you lose, there is no change to your real money balance.
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