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A No Deposit No Wager Bonus is a type of promotional offer commonly found in online casinos and sportsbooks. It allows players to receive bonus funds or free spins without having to make a deposit or meet wagering requirements. This means players can enjoy the thrill of gaming without financial commitment, making it an attractive option for newcomers. However, while these bonuses provide a risk-free opportunity to explore the platform, they often come with specific terms and conditions that players should review carefully before participating.