You effectively become a paying customer before you collect a deposit bonus. Ultimately, a deposit bonus is far less risky for online casinos. This latter point distinguishes a 5 pound no deposit casino bonus from a £5 deposit bonus. Simply sign up with a casino having never registered before, and they’ll give you £5 free cash without asking you to deposit first. Whether you call it a 5 no deposit casino bonus, a free £5 no deposit casino bonus or any other moniker, this type of bonus provides you with the same reward.