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You are exactly where I was about 6 months ago.
I put in $50 at party poker and intended to play the 0.50/1.00 limit tables. I had not read any books or anything. I had been playing play money for about a month, but that was it. I printed out a "reccommended starting hands chart" from a website and off I went. I figured $50 was about the same I would spend on a normal computer game, and if I lost it all, no big deal. I played those low limit tables for a couple weeks and somehow won maybe $10. Then I stumbled on this site and read the no-limit vs. limit essay, and I started playing at the no limit $25 tables. (This is insane if you only have a $60 bankroll, but I did not know that at the time).
Within a couple weeks, I lost my original $50, but I decided to put in 100 more dollars. About a month after that, I had to put in $100 more and I was starting to wonder if I had a gambling problem! That was about the time that I started checking out the forums and all the articles on this site and started really learning how to play. Since then, I haven't looked back, and I'm definitely in the plus column.
My advice: play the absolute LOWEST stakes game you can find. If you go for no limit, I think one of the sites has a $2 buy-in game with 1cent/2cent blinds. If you go for a limit game, make sure the stakes are much lower than .50/1.00. Stay away from the 6 person tables, as they are overly aggressive and a beginner can get eaten alive. Try to play at 10-person tables. The super low buy-in sit and go tournaments that michael1123 mentioned would be ok too.
Lots of discussion on these forums about limit vs. no limit vs. tournaments. I think all three are fine for learning the game. The sit and gos may actually be the best because you get to play a lot of hands for the money you put in. But I went the cash game route and that has worked fine for me.
Once you get your feet wet in those types of games, you'll be able to move up to the 25 NL tables at Party and Empire, if you want to.
Just remember, $50 is not a lot of money to play poker on and you may very well lose all of it, even if you play well. Poker is about up and down swings and you have to have the bankroll to weather the downswings. It's a good plan to try to build up from $50, but don't feel like a failure if you lose all of it while trying to learn the game.
Good luck..
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