Youbet.com to Carry Signal for the 2009 Arlington Park Meet

Business Wire, May 01, 2009

BURBANK, Calif. -- Youbet.com, Inc. (NASDAQ: UBET) announced today that it will be carrying the signal from Arlington Park in Arlington Heights, Illinois beginning Friday, May 1.

“We are very pleased to offer the full Arlington Park content to our customers for the first time since 2006,” said Youbet.com Chief Executive Officer Michael Brodsky. “We are continuing to add premium content to Youbet Express in order to provide customers with the maximum amount of product choice on the best wagering platform available today. In addition, the agreement furthers the continued cooperation between Youbet.com and Churchill Downs that was renewed last month, and is another positive step in making industry content ubiquitous to customers.”

Located in the Chicago suburb of Arlington Heights, Arlington Park completes the thoroughbred racing circuit in Illinois, running from May 1 – September 27. In 1981, Arlington became the first thoroughbred track to hold a race with a purse of $1 million. Held annually, the Arlington Million continues to be the track’s signature race, attracting some of the finest turf horses from around the world. This year’s renewal of the Arlington Million takes place on Saturday, August 8.

“We are pleased to be able to offer our fans around the country the best distribution of the Arlington Park signal,” said Arlington Park president Roy Arnold. “We believe Youbet.com’s customers will enjoy our quality racing program, including the Grade I Arlington Million and International Festival of Racing on August 8.”

Arlington Park is now added to the roster of more than 150 racetracks in the United States, as well as numerous international racetracks, providing for nearly 20 hours a day of racing coverage. All Youbet Express customers receive access to WagerVantage™, an advanced suite of horse race wagering tools – including WagerPadPro™, WagerQueuePro and “conditional wagering” – to ensure that they will be able to place their bets under optimal criteria.

About Youbet.com, Inc.

Youbet.com, Inc. (NASDAQ: UBET) is a leading domestic online horse racing and horse betting site, the exclusive provider of live horse racing footage and racing results to ESPN.com and CBSSports.com and a leading supplier of totalizator systems to the pari-mutuel industry. Youbet’s website enables its customers to securely wager on horse races at over 150 racetracks each year worldwide from the convenience of their homes or other locations. Through its online platform, Youbet offers members real-time wagering, co-mingled track pools, conditional wagering capabilities, high quality live audio/video, up-to-the-minute track information, mobile wagering, race replay library, simultaneous X2 Video multi-race viewing capability and sophisticated ROI-based player analysis tools. In addition, through its United Tote totalizator systems subsidiary, Youbet provides hardware and software to its track partners, allowing them to process pari-mutuel wagers, issue and pay tickets, and calculate payoff odds.

Forward-Looking Statements

This press release contains certain forward-looking statements. These forward-looking statements, which are included in accordance with Section 21E of the Securities Exchange Act of 1934, as amended, may involve known and unknown risks, uncertainties and other factors that may cause Youbet's actual results and performance in future periods to be materially different from any future results or performance suggested by the forward-looking statements in this press release. Although Youbet believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that actual results will not differ materially from these expectations. Important factors that could cause actual results to differ materially from those in the forward looking statements include the difficulty of determining all of the facts relative to Section 382 of the Internal Revenue Code, unreported buying and selling activity by stockholders and unanticipated interpretations of the Internal Revenue Code and regulations as well as the risks and uncertainties discussed in Youbet's Form 10-K for the year ended December 31, 2008, and in Youbet's other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release. Youbet does not undertake, and specifically disclaims any obligation, to publicly release the result of any revisions that may be made to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.