Youbet.com Inc. to Report Fiscal 2005 Second Quarter Results on August 4 and Host Conference...

WOODLAND HILLS, Calif. -- Youbet.com, Inc. (NASDAQ:UBET), announced today that it will release its fiscal 2005 second quarter financial results after the market closes on Thursday, August 4 and will host a conference call and webcast at 5:00 p.m. EDT on Thursday, August 4. Both the call and webcast

The conference call number is 706/679-4652. Please call five minutes in advance to ensure that you are connected prior to the presentation. Interested parties may also access the live call on the Internet at http://www.youbet.com (select About Youbet.com). Please log-on fifteen minutes in advance to ensure that you are connected prior to the call's initiation. Questions and answers will be reserved for call-in analysts and investors. Following its completion, a replay of the call can be accessed for thirty days on the Internet at the above link.

Youbet.com is the largest Internet provider of thoroughbred, quarter horse and harness horse racing content in the United States. Members have the ability to watch and, in most states, the ability to wager on vast majority of all major domestic horse racing content via Youbet.com's exclusive closed-loop network. Youbet.com members enjoy features that include commingled track pools, live audio/video, up-to-the-minute track information, real-time wagering information, phone wagering and value-added handicapping products.

Youbet.com is an official online wagering platform of Churchill Downs Incorporated and the Kentucky Derby. Founded in 1997, Youbet now is the horse race video source for ESPN.com's patented ESPN Motion. The company also is the exclusive provider of horse racing content for CBS SportsLine.com.

Youbet.com operates TotalAccess(SM), an Oregon-based hub for the acceptance and placement of wagers. The company's Players Trust(SM) revolutionized advanced deposit wagering by placing player deposits in the custody of a major U.S. financial institution. More information on Youbet.com can be found at www.youbet.com.