With that amount of money, I would suggest that you invest it in a gambling site that would give you a small monthly profit. There are many gambling sites that you can search that are already established and you wouldn't have to go through all the hassle of setting up your own business and the risk of going bankrupt can be minimized.

That's not enough for starting your own gambling site. You need to have a bigger capital for this to get more gamblers that will come back to you all of the time. Why not add some more fund on it or you can invest that fund first in trading and just grow it. Once you have doubled it maybe you can now start as I really can't see that there will be a smooth operation on that budget. I'm not trying to give you some false hope but with that budget you are near to early closure.