Youbet.Com Schedules Third Quarter Earnings Release and Conference Call.

Business Editors

WOODLAND HILLS, Calif.--(BUSINESS WIRE)--Oct. 21, 2003

Youbet.com, Inc. (NasdaqSC: UBET), a leading online wagering company and the largest provider of horse racing content in the United States, will announce preliminary and unaudited third quarter financial

The call will be webcast by CCBN and will be available live via the Internet by accessing Youbet's website, www.youbet.com. To listen to the live call, click on the "About Youbet.com" page of the website at least fifteen minutes early to register, download, and install any necessary audio software.

For those unable to listen to the live broadcast, an online replay will be available for 90 days at www.youbet.com, or a phone replay will be available through November 5, 2003 by dialing 888-286-8010 and entering the pass code: 35679284. (For international callers, dial 617-801-6888.)

To be added to Youbet.com's investor e-mail list, please contact Sandi Johnson at Youbet.com, InvestorRelations@youbet.com.

About Youbet.com

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 virtually 100% of all major domestic horse racing content via Youbet'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 a patent and content licensee and maintains strategic relationships with TVG, an indirect subsidiary of Gemstar-TV Guide International, Inc. (Nasdaq NMS: GMST) and MEC Pennsylvania Racing, part of Magna Entertainment Corp. (Nasdaq NMS: MECA). Youbet.com is an official online wagering platform of Churchill Downs Incorporated and the Kentucky Derby. Youbet.com operates Youbet.com TotalAccessTM, an Oregon-based hub for the acceptance and placement of wagers. More information on Youbet.com can be found at www.Youbet.com.