No deposit bonu is also known as free cash bonus. It is a bonus credit given to new customers without making a deposit. It is a risk-free way to test out online casinos. It can come in the form of free credit or free spins or a combination of both. The most common no deposit bonus amount is £5 or £10. There may be limitations on which games are allowed using such bonuses.
One can only cash out the bonus after meeting the wagering requirement, that is the minimum number of times the bonus amount must be wagered. The amount of no deposit bonuses are usually small compared to deposit based bonuses. Often, there is a winning cap, i.e. the maximum amount one can cash out as winnings.