I've seen gambling sites and one thing I can state if that many of them dont require that much as a min deposit. 0.01 maybe, but not anything close to $50 in value.

In regards to OP, put collateral up or shut up. People come here saying the same exact thing each time and all it does is annoys people. If youre legit, provide collateral that worth 120% of what youre asking, or better yet to save yourself the embarrassment, sell your car and/or cell phone for your gambling problem.