A $1 Deposit Bonus is an enticing promotional offer often used by online casinos and sportsbooks to attract new players. By making a minimal deposit of just $1, users can unlock additional bonus funds or free bets, allowing them to explore the platform without a significant financial commitment. This low barrier to entry encourages new users to try out various games or betting options, enhancing their overall experience. However, it's essential to read the terms and conditions, as wagering requirements and restrictions may apply to the bonus funds.