No deposit bonus vs free spins vs cashback
These three offer types get mixed up constantly. A no deposit bonus is a category; free spins and cashback are two of the ways it's delivered — here's the distinction, clearly laid out.
FS100 offer typeNo deposit free spins
Requires a deposit?Cashback only
Most common in AUFree spins
Side-by-side comparison
| Offer type | Deposit needed? | How it pays | Typical wagering |
|---|---|---|---|
| No deposit bonus (e.g. FS100) | No | Free spins or small bonus balance credited upfront | ~40–45x |
| Free spins (deposit-based) | Usually yes | Spins credited after a qualifying deposit | ~30–35x |
| Cashback | Yes | A percentage of net losses returned, after the fact | Often low or none |
Note that "no deposit bonus" and "free spins" overlap rather than compete — FS100 is both at once, a no deposit offer delivered specifically as free spins. See our full free spins explainer for more detail.
Which suits which player
No deposit bonuses (like FS100)
- Best for trying a casino with zero financial risk
- Ideal for new players who want to test the platform first
Cashback
- Best for regular players who deposit often and want a safety net
- Less useful for one-off or trial play, since it depends on losses first
Frequently asked questions
Is FS100 a no deposit bonus or free spins?
Both — it's a no deposit offer delivered in the form of 100 free spins.
Which offer type has the lowest wagering requirement?
Cashback typically carries the lowest or no wagering, since it's paid on net losses rather than credited upfront.