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Pokerstars has a huge field with no payout (27/10,000 gain entry into another tournament, whose payout might be good, dunno). Its terrible.
Full Tilt's is better ($100 for 2700 entrants, top 27 get paid). The top 1% get paid, everyone is "spotted" $100 / 2700 entrants = 3.5 cents.
Bodog's nightly $1000 guaranteed are the best. Max is 5,000 entrants, which means you are spotted a whopping 20 cents. (I'm not being sarcatic, this is actually big as far as freerolls go). It's technically a "rebuy" so it may be tougher (people can reload if they have real money, though it's rare, it's an utter waste). However top 99 get paid so the top 2% are ITM. Clearly, the best of these three, and the best I've seen.
The PStars freerolls take ~5 hours, due to "player friendy" struture. Avoid. Full tilt is better, you start with 1500 chips and blinds of 15/30 (50 BB, faster). Bodog might take 3 hours if you get deep.
Poker.com used to have decent freerolls, but they closed them to depostors only. Right now, Bodog has the best I've seen.
Oh yeah, Bodog is pretty easy to register for, too. It's registration is open for a few hours and it only fills near the end. Full tilt fills up in 5 seconds, so you need to wait for the minutes to tick off.
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