120 Free Spins No Deposit UK: Offer Terms

A 120-spin headline does not confirm that spins are free of deposit conditions or explain what winnings can be withdrawn.

What a “120 Free Spins” No-Deposit Offer Actually Means

The number in a promotion’s headline is not enough to establish what you will receive. A phrase such as “120 free spins” identifies the advertised quantity, but it does not by itself prove that a UK player can claim 120 spins without making a deposit. The words describing the promotion matter as much as the headline number.

This distinction is important when you see phrases such as “120 free spins casino”, “casino with 120 free spins” or “120 free spins online casino UK”. They can describe a promotional target, a campaign name, or an offer shown in advertising. The actual offer is the set of conditions attached to that wording. If the conditions require a payment before the spins are issued, the promotion is not a no-deposit offer.

The headline number and the available range

A specialist casino review reports that UK no deposit free spins offers in its surveyed material range from 5 to 50 spins. That range does not make 120 impossible, and it does not establish that every casino will offer the same quantity. It does show why the number 120 deserves careful interpretation: it is higher than the range identified in that review and should not be treated as the standard quantity for a no-deposit promotion.

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A “120 free spins no deposit UK 2026” search may therefore lead to several different types of result. One may describe a genuine promotion with that quantity. Another may combine a no-deposit offer with a separate deposit promotion. A third may use 120 in a page title while the available offer has changed. The wording alone cannot distinguish these cases.

The practical meaning is simple:

• 120 spins is the advertised number.
• No deposit describes whether money must be paid to access the spins.
• The promotion is genuine as a no-deposit offer only when both parts apply at the same time.

A smaller number of spins can still be a valid no-deposit offer, while a larger headline number can belong to a promotion that requires payment. Treating the largest number as the main measure of quality confuses the size of the headline with the nature of the offer.

What “no deposit” means

For a UKGC-licensed operator, a no deposit free spins offer does not require you to deposit money before receiving access to the spins. The operator may still require an account to be created, because the spins must be assigned to a particular player account. However, account registration and depositing are separate actions.

This means that “no deposit” does not mean “without an account”. It means that the deposit step is not a condition for obtaining the promotional spins. It also does not mean that the spins are available without any rules. A promotion can be no deposit while still defining which players may receive it and how the promotional feature operates.

The distinction can be represented as two separate questions:

1. Must money be deposited before the spins are granted?
   If yes, the offer is deposit-based rather than no deposit.
2. Is an account needed to associate the spins with you?
   A no-deposit offer can still require account registration.

This prevents a common misunderstanding. A casino may advertise 120 spins and also ask you to fund the account before those spins become available. In that case, the number may be accurate, but the description “no deposit” would not accurately describe the access condition.

Why “120 free spins” needs context

A spin count describes quantity, not the complete promotional experience. It does not tell you whether the offer is available in Britain, whether the operator is licensed for the British market, or whether the promotion is actually no deposit. Those questions must be answered by the offer’s own wording.

For UK players, a legal online casino serving the market must hold a Gambling Commission licence. That is relevant because the term “120 free spins casino UK” refers to more than a number on a webpage: it implies an offer made to players in this jurisdiction under the applicable gambling framework.

The phrase “free” also needs to be read narrowly. It normally describes the absence of a charge for the promotional spins themselves. It does not convert every outcome from those spins into unrestricted cash, and it does not remove the conditions attached to the promotion. The spins are free in the sense that the player does not pay a deposit to access them, not in the sense that the headline eliminates every other rule.

"No deposit" means the deposit step is not a condition for obtaining the spins, but it does not mean the offer is available without rules or an account.

Consequently, a casino advertising 120 free spins should be understood as making a claim about the quantity of spins, while “no deposit” makes a separate claim about the payment required to access them. Both claims must match the published promotion. If only the number is clear, you do not yet know whether it is a 120-spin no-deposit offer or simply a 120-spin bonus connected with another form of eligibility.

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How to Compare the Terms Behind a 120-Spin Promotion

A headline promising 120 free spins tells you the quantity, not the conditions attached to those spins. When you compare an online casino promotion, treat the advertised number as one field in a larger set of terms. The useful question is not simply which online casino offers 120 free spins, but what happens to the spins, their winnings and any bonus balance after you accept the promotion.

A specialist review of no deposit free spins offers notes that such promotions can include wagering requirements, maximum-win limits, game restrictions and expiry periods. These conditions can change, so the operator’s current bonus terms should control your decision. A comparison is only meaningful when the same points are checked for every offer.

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Check which games are eligible

Free spins are not necessarily usable across the entire casino. The terms may link them to a specified slot or to a restricted group of games. This matters because the result of a spin depends on the game selected, while the bonus rules may recognise only play on the eligible title.

Look for a precise statement of the qualifying game rather than relying on a banner that mentions a casino welcome bonus with 120 free spins. If the terms name one slot, spins used elsewhere may not count, or they may not be available there at all. If several games are listed, check whether all of them qualify in the same way.

Game eligibility can also affect wagering progress. The bonus terms may define which games contribute to the requirement and at what rate. A slot can count differently from a table game, or a non-qualifying game may add nothing to the required progress. This is why “play the winnings” is not a sufficient description of the offer: you need to know which play the operator counts.

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Separate the spin condition from the wagering condition

The spins and the winnings generated by those spins are separate parts of the promotion. The terms may state that winnings are placed in a bonus balance and must be wagered before withdrawal. In that case, the value displayed after the free spins is not automatically the amount available to withdraw.

Find the wagering multiplier and identify what it applies to. The wording may refer to winnings from the spins, the bonus amount, or another defined balance. Those bases produce different obligations, so do not compare two promotions by looking at the multiplier alone. Read the accompanying definition in the full terms.

A no-deposit free spins promotion may be described as having no deposit requirement while still imposing wagering conditions. “No deposit” describes how you access the offer; it does not, by itself, describe whether the resulting winnings can be withdrawn immediately. A separate offer may genuinely be no wager, but that status must be stated in its terms rather than inferred from the headline.

Do

• Check the specific qualifying games
• Identify the wagering multiplier and what it applies to
• Confirm the maximum convertible amount
• Verify the expiry period for spins and winnings

Don’t

• Assume 120 spins are available for all games
• Treat the headline number as the only measure of quality
• Confuse the nominal spin value with expected profit
• Ignore the difference between bonus and withdrawable balances

Find the maximum convertible amount

A promotion can allow you to win more in the game than you are permitted to convert into withdrawable funds. The relevant term may be called a maximum win, maximum cashout or maximum convertible amount. Compare this limit independently from the wagering rule.

For instance, an offer could require you to complete the stated wagering before withdrawal but also restrict the amount that can leave the bonus balance. Meeting the wagering condition would not remove a separate cap. Conversely, a promotion may set conditions on wagering without using the same wording for the final withdrawal limit. Look for both provisions.

The cap may apply to winnings from the free spins rather than to every balance in your account. The exact scope matters if you later add funds or use other bonuses. A clear comparison records what the limit covers, when it is applied and whether the terms describe any exception.

Record the expiry period

Free spins and their winnings may have different deadlines. The spins can expire if they are not activated or used in time, while winnings may have a separate period for completing the applicable conditions. Do not assume that opening the offer preserves it indefinitely.

The expiry rule should identify the event that starts the clock: crediting, activation or another event defined by the operator. It should also state what happens when the period ends. An expired promotion can remove unused spins, associated winnings or both, depending on its wording.

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This is particularly important when comparing a large advertised package with a smaller one. A bigger quantity is not automatically more useful if the available time is shorter or the conditions are harder to complete.

Check whether the terms are complete

Before comparing an online casino offering 120 free spins, look for the full promotion page rather than relying on a shortened advert. The terms should make the eligible games, wagering rules, maximum convertible amount and time limit clear before you opt in. If one of these features is difficult to locate, the headline does not provide enough information for a proper comparison.

Also confirm that the operator serving British customers is licensed by the UK Gambling Commission. Licensed UK casinos offering these promotions fall under that regulator’s system. The licence does not make every promotion identical; it tells you which regulatory framework applies while you examine the individual offer terms.

A practical comparison table can contain four entries for each promotion: eligible games, wagering basis and multiplier, maximum convertible winnings, and expiry rule. Add the registration or opt-in condition only as a reference, not as a substitute for the financial terms. This structure lets you compare a claimed 120-spin package with other no deposit free spins offers without treating the headline number as the measure of value.

Summary of value

• A higher spin count does not automatically mean a higher value if the per-spin stake is lower.
• Always check the full terms for wagering requirements and maximum win limits.
• Ensure the operator is licensed by the UK Gambling Commission.
• Distinguish between the number of rounds and the actual monetary value of the promotion.

How Spin Value Adds Up—and Why 120 Spins May Not Mean a Large Win

The number of free spins tells you how many rounds are included. It does not, by itself, tell you the total monetary value of the promotion or the amount you will withdraw. The missing part of the calculation is the value assigned to each spin.

A spin has a nominal value when the operator fixes the stake used for the promotional rounds. If that value is 10p, the calculation is:

number of spins × value of one spin = nominal spin value

This is why a headline such as “120 free spins” needs to be read alongside the stake attached to each round. A casino bonus offering 120 free spins at a lower stake is structurally different from an offer with the same number of spins at a higher stake. The headline count is identical, but the promotional stake is not.

The 20-spin calculation

A specialist review describes a typical no-deposit example as 20 spins, with each spin valued at £0.10. The arithmetic is straightforward:

• 20 spins × £0.10 = £2.00
• The nominal value of the included spins is therefore £2.00

This does not mean that £2.00 is placed into your cash balance. It describes the total stake represented by the promotional rounds. You receive the opportunity to play the specified number of spins, while the slot determines the result of each round.

The distinction matters because “value” can refer to several different things. The assigned stake is a fixed input in the promotion. The result of a spin is not fixed in the same way. A round may produce no return, or it may generate winnings according to the slot’s outcome. Consequently, adding the value of the stakes does not predict the amount eventually shown in your account.

Applying the same arithmetic to 120 spins

If the same 10p valuation were applied to 120 free spins, the nominal calculation would be:

120 × £0.10 = £12.00

That £12.00 is a mathematical representation of the promotional stake, not a promise of £12.00 in winnings. It also does not establish that every casino offering 120 free spins uses a 10p stake. The 10p figure belongs to the specific example above; the offer’s own terms determine the value attached to its rounds.

This is the key reason that a search for an online casino offering 120 free spins can produce a headline that looks more generous than the underlying promotion. A larger spin count increases the number of rounds, but it does not automatically increase the value of each round. To understand the offer, multiply its stated spin value by its stated number of spins rather than treating the number 120 as a cash amount.

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Spin count is not expected profit

The nominal total also should not be confused with expected profit. Free spins are rounds of a slot game, not a cash credit with a guaranteed balance. The slot’s result controls whether a round creates winnings, and the combined results can be lower than the promotional stake, equal to it, or higher than it. The arithmetic only measures the assigned value of the rounds.

For the same reason, “casino game 120 free spins” and “120 free spins online slots” describe access to repeated slot rounds, not a guaranteed return. A mobile casino promotion may display the same spin count as a desktop offer, yet the important calculation remains unchanged: identify the value attached to one round and multiply it by the number of rounds.

Why the headline can mislead

A large number in a casino no-deposit bonus headline attracts attention because it is easy to compare. Yet the number alone leaves out the unit value. One promotion might advertise 120 rounds at the lower promotional stake, while another could present a different number of rounds with a different stake. Without the per-spin figure, the headline cannot show which offer represents the larger nominal amount.

Nominal value calculation

Example: 120 spins × £0.10 = £12.00 nominal value.

The same check applies when assessing a new casino 120 free spins promotion or looking for a licensed casino offering 120 free spins. First find the stated value of one free spin. Then calculate the total promotional stake. After that, treat the result only as a measure of the rounds provided—not as a forecast of your winnings or a promise that the bonus can be converted into the same amount of cash.

For a casino bonus described as 120 free spins, the correct first question is therefore not “How large is the number?” It is “What value is assigned to each spin?” Once that figure is visible, the offer can be understood as a calculation rather than judged by its headline alone.

Which Slots Can You Use Free Spins On?

A free-spin promotion does not necessarily give you unrestricted access to the casino’s entire slot catalogue. The bonus may be linked to one specified game, a short list of eligible slots, or a broader group defined in the promotion terms. This applies whether you are looking at casinos advertising 120 free spins, a deposit bonus with 120 spins, or a smaller package of 120 free slot spins released in stages.

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The eligible game matters because the spins are not simply a cash balance that you can transfer to any slot. If the terms name one title, opening another game may not use the promotional spins at all. The spins may remain unused, or the game may ask you to play with another balance. Read the game restriction before selecting a casino or opting into an offer described as 120 free spins online.

A named slot may be part of the condition

Book of Dead, Rainbow Riches and Starburst are examples of recognisable slots that may appear in casino promotions. Their inclusion here does not mean that a particular offer includes any of them. A UK casino offering 120 free spins could attach them to one of these games, another named title, or a slot selected by the operator.

The important detail is the relationship between the promotion and the game:

• One specified slot: every promotional spin is assigned to the named game.
• A listed group of slots: you may be able to choose, but only from the titles stated in the terms.
• A wider eligible category: the operator may allow several games, while excluding particular titles or providers.

The casino’s bonus page should identify this restriction before you opt in. If the wording is unclear, do not assume that the headline number means you can distribute the spins across all available slots.

Game contribution affects wagering progress

The slot you use can also affect how quickly bonus winnings satisfy a wagering condition. A contribution rate determines how much of the qualifying play counts towards that requirement. Slots typically count in full, contributing 100%, while table games may contribute 10% or 0%. The calculation therefore depends not only on how much you win, but also on where you play.

This is why using a different game from the one specified can create two separate problems. First, the promotional spins may not be accepted on that game. Second, if the alternative is permitted but carries a lower contribution rate, the resulting play may add less towards the requirement. The exact contribution rules belong to the individual promotion, so the eligible-games list and contribution table need to be read together.

Attention Using a game other than the one specified in the terms may result in the promotional spins not being accepted or contributing nothing to wagering progress.

Activation can be tied to the slot

A specialist review describes two ways these offers may become usable: the spins can appear in the account’s bonuses or promotions area, or they can activate when you open the specified slot. The exact process is operator-dependent. Look for an activation button, a clearly marked promotional balance, or an instruction to launch the named game rather than selecting another title first.

Free spins also expire. Treat the activation instruction and the expiry condition as part of the same restriction: knowing which slot is eligible is not enough if the spins are left unused until the offer ends. This is relevant when comparing UK casinos advertising 120 free spins, because the headline quantity says nothing about the range of games available or how the spins contribute after they are used.

When Spin Winnings Become Real Money

Winning from a no deposit free spins promotion does not automatically mean that the same amount is ready to withdraw. The casino may first place the result in a bonus balance rather than your cash balance. That distinction determines what must happen before the money can leave the account.

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The first question is whether the promotion carries a wagering condition. If it does, the winnings must be used in further eligible play until the stated requirement has been completed. The balance can increase or decrease during that process, so the amount displayed after the free spins is not necessarily the amount you will eventually withdraw. A 120 free spins welcome bonus can therefore produce a visible win without making that win immediately available as real money.

Wagering and maximum cashout are separate controls. Wagering describes the play required before withdrawal. A maximum cashout sets a ceiling on the amount that may be taken from the promotion, even if the balance grows beyond that ceiling. Completing the wagering condition does not remove a maximum cashout limit.

A specialist review of UK no deposit offers places the cap on bonus winnings in the £50 to £100 range, depending on the operator. Treat that as a term to confirm in the individual 120 free spins bonus terms, not as a guaranteed feature of every sign-up bonus, joining bonus or bonus code. Some promotions impose a maximum cashout, while others may not impose one. The only reliable answer is the rule attached to the specific offer.

The calculation is easiest to understand as a sequence:

1. The free spins create a winning amount.
2. The casino records that amount in the bonus balance.
3. Any required wagering must be completed under the promotion’s eligible rules.
4. A maximum cashout, if present, limits the amount that can be retained.
5. The permitted balance can then move towards withdrawal.

A genuinely no-wager offer works differently. If its terms do not require further betting, winnings can be withdrawn immediately in principle, subject to the operator’s withdrawal checks and any stated cashout limit. “No deposit” does not mean “no conditions”: it describes the absence of a deposit requirement, not the absence of bonus rules.

Identity verification is also part of the withdrawal stage. UK operators must verify your identity before allowing winnings to be withdrawn. That check does not change the value of the spin result or complete wagering on your behalf; it confirms that the account holder can receive the funds.

When assessing a 120 free spins real-money casino offer, read the balance wording carefully. “Winnings credited” may refer to bonus funds, whereas “withdrawable balance” refers to money that has passed the promotion’s restrictions. The difference between those labels is the difference between a displayed result and cash you can actually request.

Who Can Claim a New-Player Spins Bonus?

A no deposit free spins bonus is generally aimed at someone opening a casino account for the first time. A specialist review describes these promotions as new-customer incentives: the spins are linked to the initial registration rather than being a standing benefit for every account holder.

That makes the word “new” important. You may fit the intended customer profile if you have not previously registered with that operator and are creating an account for the first time. The promotion is therefore connected to your relationship with the casino, not simply to whether you have played a particular slot before. Searching for a sign-up bonus offering 120 free spins does not change that basic eligibility principle: the operator decides whether the account qualifies under the published terms.

The number in the headline does not itself establish eligibility. A promotion described as a 120-spin sign-up bonus may still be restricted to new players, and the offer terms should identify the customer group covered. Read that condition before treating the bonus as available to you. A person who has already held an account with the same operator should not assume that registering again creates a new-player entitlement.

For a British customer, the operator must be authorised by the UK Gambling Commission to offer remote gambling in the market. Online gambling is legal for players aged 18 and over where the operator holds that licence. These requirements sit alongside the promotional eligibility rule: being old enough to gamble does not, by itself, make an existing customer eligible for a new-player casino bonus.

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A first registration can therefore be the event that connects you to the offer, but it does not guarantee that every advertised promotion applies automatically. The relevant wording may identify the bonus as available only to new casino players, or tie it specifically to a first account. Treat those descriptions as eligibility conditions rather than as a promise that the headline number of spins will be granted to every visitor.

The practical distinction is simple: a new player is a customer entering a relationship with the operator for the first time, while the promotion is a benefit reserved for that status. Whether you qualify depends first on that customer status and then on the individual offer’s stated conditions.

How Wagering Requirements Change the Value of Free Spins

A free-spin win is not necessarily withdrawable cash. The promotion may place it in a bonus balance and attach a wagering requirement. This requirement is a multiplier applied to the winnings, producing the total amount that must be staked before the balance can become eligible for withdrawal.

The calculation is:

bonus winnings × wagering multiplier = required turnover

For instance, a specialist review describes a case in which winnings from 20 free spins total £15 and the promotion applies a 35x requirement:

£15 × 35 = £525

Turnover calculation

Step one: Identify winnings

Determine the total amount won from the free spins, for example, £15.

Step two: Apply the multiplier

Multiply the winnings by the stated wagering requirement, such as 35x.

Step three: Calculate total turnover

£15 × 35 = £525 required turnover to satisfy the condition.

You would therefore need £525 in qualifying bets to satisfy that condition. Turnover is the total amount wagered, not the amount you must lose. However, placing bets does not guarantee that the bonus balance will survive until the required turnover is reached.

The multiplier can change the practical value of a promotion substantially. A specialist review places the requirements reported for this type of no deposit free spins offer in the 30x-to-65x range. On the same £15 of winnings, those endpoints would mean £450 and £975 in turnover respectively. The lower multiplier requires less betting activity; the higher one leaves more opportunity for the balance to be lost before the condition is completed.

Read the calculation basis carefully. Some terms apply the multiplier to winnings from the spins, while other bonus structures may define a different qualifying amount. The displayed bonus terms should state which balance is used and which games count towards turnover.

A separate restriction is the maximum permitted stake while the bonus is active. Exceeding that limit can breach the promotion’s terms, even if the individual bet appears to help meet the wagering target. The operator may then remove the bonus or refuse to recognise associated progress, depending on the stated conditions. Do not assume that a larger stake will complete the requirement faster without consequence.

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A promotion advertised as having no wagering requirements works differently: a specialist review describes genuinely no-wager winnings as immediately withdrawable, subject to the operator’s other conditions. That phrase should therefore be distinguished from “no deposit”. The first describes the absence of a turnover condition; the second describes whether an initial deposit is required to receive the spins.

How to Activate Spins, Use a Promo Code and Verify Your Account

The activation route depends on the operator’s promotion settings. A specialist review may describe the following sequence:

1. Register an account. Enter your personal details and create the casino account. A no-deposit promotion is not necessarily added merely because the registration form has been completed.
2. Confirm contact details. The operator may require email or phone verification before displaying the offer. Follow the verification link or enter the code sent to the registered phone number.
3. Opt in to the promotion. Look for the welcome offer in the promotions area, or select the relevant option during registration. If the terms request a valid debit card, provide the required payment details even though the promotion itself is described as no deposit.
4. Enter a bonus code if required. Some offers use a code connected with the promotion. Enter it in the bonus or promotional-code field before confirming the offer. A code intended for a different campaign may not activate the spins.
5. Open the designated slot. In some cases, the spins appear in the account’s bonuses or promotions section. In others, opening the specified game triggers activation. Use the route stated in the offer rather than assuming that any slot will qualify.

Activation and withdrawal are separate stages. Seeing the spins in your account means that the promotional feature has been credited; it does not mean that any resulting winnings are ready to withdraw. Free spins can expire, so check the account message or offer terms for the applicable deadline before starting play.

Identity verification is a separate requirement. UK operators must verify your identity before allowing winnings from a no-deposit bonus to be withdrawn. You may therefore be able to activate the spins after registration while still needing to provide identity documents later. Complete that process through the casino’s verification area and ensure that the account details match the information supplied during registration. If activation fails, the operator may direct you to live chat rather than issue a replacement code.

Can Existing Customers Get a No-Deposit Spins Offer?

A no-deposit spins promotion is commonly designed for a new player opening an account for the first time. A specialist review describes most such offers as restricted to new customers, so an existing account should not be treated as automatically eligible for the same promotion advertised to newcomers.

Existing customers may receive different or no rewards compared to new-player promotions, as eligibility is determined by the operator’s specific campaign rules.

That restriction is separate from the number of spins in the headline. A promotion mentioning 120 free spins may be intended only for newly registered players, while an existing customer may see a different reward, no reward, or an offer with another set of conditions. The wording on the operator’s promotion page controls eligibility; the headline alone does not establish that every customer can claim it.

Existing customers may still receive targeted promotions. Operators can present rewards through an account’s promotions area, by email, or through another customer communication. However, availability is operator-specific and may depend on the account being selected for that campaign. A general advertisement for new players is not evidence that the offer has been extended to your account.

You should distinguish three positions:

• New-player offer: limited to customers who meet the operator’s first-account or first-registration conditions.
• Existing-customer promotion: addressed to current account holders under its own stated eligibility rules.
• No available offer: possible where the account is not included in a campaign.

Even when an existing-customer offer is labelled no deposit, its winnings may remain subject to a wagering requirement before withdrawal. The absence of a deposit condition does not remove other restrictions. Read the promotion’s eligibility wording and bonus terms before accepting it, particularly where the offer refers to a specific customer group.

Therefore, existing customers can receive a no-deposit spins offer, but they cannot assume that a new-player promotion applies to them or that 120 spins are available simply because the same figure appears in an advert. Eligibility must be confirmed for the individual account and the particular campaign.

When “Play £10, Get 120 Spins” Is Not a No-Deposit Offer

The wording “play £10, get 120 spins” describes a conditional promotion, not a no deposit free spins offer. The spins become available only after you complete the stated qualifying action. That action may involve depositing money, placing eligible bets, playing through a specified amount, or satisfying another condition in the promotion’s terms.

The distinction is functional:

• No deposit free spins: the operator awards the spins without requiring you to deposit money.
• Deposit or play promotion: you must provide funds or complete qualifying play before the spins are credited.

A message promising 120 spins can therefore look similar in both cases while requiring a different financial commitment. If the terms say that a deposit is needed before the spins are issued, the offer must not be described as no deposit. The same applies where “play” means that you first need to fund the account and use that balance.

Payment method can also affect eligibility. A specialist review reports that some operators exclude e-wallet deposits from welcome-bonus qualification. This means that making the required deposit through an e-wallet may not trigger the spins, even when the deposit otherwise meets the promotional condition. The exclusion is operator-specific, so the accepted payment methods need to be read in the offer rules before you fund the account.

A genuine no deposit promotion from a UKGC-licensed operator does not require you to deposit money to obtain the spins. That does not remove other possible conditions attached to the offer, but a deposit cannot be the qualifying step if the promotion is accurately labelled no deposit.

Treat “120 spins” as the reward description, not as proof that the offer is free to enter. First identify what must happen before the spins are credited: registration alone, a deposit, qualifying play, or a particular payment method. Only the first category can be presented as a no deposit offer.

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