I would prefer to play it in slot machines and dice games. And $50 is too big also to use in these games everyday so I would use it for sports betting might help the chance to profit my $50 everyday.
i my self going to bet test cricket match between Pakistan and Australia, starting from tomorrow in Melburn, i hope i will make good profit from it. as i have good knowledge about both the teams. Australia is already in lead of 1-0.Poker too!
For a 55 cent satellite investment:
And, freeroll steps:
Approximately $1000 in one day for a 55 cent investment! Just saying!
EDIT: Of course, it takes some skill, practice, experience, and discipline, but it is possible to become a profitable gambler. However, bankroll management is the number one key....never put your bankroll at an unnecessary risk. There WILL be periods of variance that will effect your bankroll negatively. <--- count on that and never risk more than your bankroll can sustain.