Does this mean you're selling the project for $50 or the bet value has been increased to $50.
He is trying to sell his website for $50 based on what he stated though I doubt he will find anyone willing to take a risk even though the amount itself is small.
maybe you can get a best offer for investors who's thinking about investing on a gambling site.Provably there are people there seeking since this kind of business is little got good phase in the market.
I don't think op will find anyone willing to buy a failed business venture since it's far more feasible to create a brand new crypto gambling site from scratch through a plethora of methods these days.