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IMO save your money. You sound totally new to the investment business and you will be losing money if you go into the stock market like that. Gambling, well, not a smart move either... Just save your money and wait until you have something more, like at least 4-5k, then begin thinking of investing. With a grand you don't have many options.
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This technique works best in land-based casinos, especially when you can put your money into tickets that are easy to carry around. A split point is a multiple of your bankroll. Say you begin gambling with $200 and you roll that up to $400 at the craps table.
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