This is incorrect.Normal 50 amp service is 2 legs of same side of power source.
Using your volt meter measure the voltage to ground should be 110 +/_ voltage
Do same to 50 amp service still 110 volts to ground and across the lines same conductor so no voltage.
The 50A service is "split phase":
L1 -> N = 120Vac
L2 -> N = 120Vac
L1 -> L2 = 240Vac
The first clue that a receptacle or electrical system is split phase is that the neutral wire is the same gauge as the L1 and L2 hot wires. The nature of a split phase system (like a typical USA residential service) is that the neutral wire only has to carry the DIFFERENCE between the L1 and L2 currents. If L1 and L2 were not 180 degrees out of phase with each other, the neutral would have to carry the SUM of the L1 and L2 currents. Accordingly, this would require a heavier gauge neutral wire.
Hence, split phase power is employed in USA residential service applications such that it minimizes the amount of copper or aluminum needed.
Wrooster