Best laptop deal under $500 for gaming and overall daily use right now is Acer V3 priced at $389.
http/bestlaptopsunder500hub.com/best-laptop-under-500-deal-of-the-week.html
It features
AMD A8-4500M processor 1.9 GHz with 4 MB Cache
AMD Radeon HD 7640G Graphics packing 512MB of graphics system memory
4 GB DDR3 RAM.
640 GB 5400 rpm Hard Drive
15.6-Inch 720p screen
Windows 8 Operating System
8X DVD-Super Multi Double-Layer Drive
2- USB 2.0 Ports and 1 USB 3.0 port for ultra fast file transfer
1- HDMI port with HDCP Support
AMD A8-4500M processor combined with AMD Radeon HD 7640G Graphics can provide 30-40+ fps in minecraft on highest settings. It can also provide 30+ fps for latest games like Battlefield 3 and Skyrim on medium settings.
OR if you can increase your budget just a little more then you can buy Acer V5 571 which got Core i5 processor and 1GB NVIDIA GeForce GT630M dedicated graphics which is overall a better choice for running any latest software or play current games with 30+ FPS, priced at just $549.
http/bestlaptopsunder500hub.com/best-core-i5-gaming-laptop-with-1gb-dedicated-graphics-under-500.html
It features
3rd Generation Intel Core i5 Processor
1GB NVIDIA GeForce GT630M dedicated graphics
15.4 inch LED-backlit widescreen display
4GB DDR3 Memory
500GB 5400RPM SATA Hard Drive
Windows 8
2 USB 2.0 Ports, 1 USB 3.0 port and 1 HDMI Port
NVIDIA GeForce GT630M 1GB dedicated graphics is capable of providing 30+fps for many latest games and Core i5 processor is also great for multitasking. You can check Nividia GT 630M graphic performance below.
http/www.notebookcheck.net/NVIDIA-GeForce-GT-630M.63761.0.html