Youbet.com Added to Russell 2000 Index

BURBANK, Calif.--(Business Wire)--
Youbet.com, Inc. (NASDAQ: UBET) announced today that the company was added to
the U.S. small-cap Russell 2000 Index after the equity markets closed on June
26, as Russell Investments reconstituted its comprehensive family of global
indexes. Membership in the Russell 2000, which remains in place for one year, is
based on membership in the broad-market Russell 3000 Index. Youbet also was
added systematically to the appropriate growth and value indexes.

"We are very pleased to see that our efforts in focusing on the customer
experience and turning Youbet around into a profitable company over the past
year have paid off in being added to this well-regarded index," said Youbet.com
President and Chief Executive Officer David Goldberg. "Inclusion in the Russell
2000 should enhance our visibility and aid us in bringing our success story to
an even broader range of investors."

The Russell 3000 also serves as the U.S. component to the Russell Global Index,
which Russell launched in 2007.

Russell indexes are widely used by investment managers and institutional
investors for index funds and as benchmarks for both passive and active
investment strategies. An industry-leading $4.4 trillion in assets currently are
benchmarked to them. These investment tools originated from Russell`s
multi-manager investment business in the early 1980s when the company saw the
need for a more objective, market-driven set of benchmarks in order to evaluate
outside investment managers. Real-time market analysis on the Russell 2000 and
other Russell Indexes is available at
http://www.russell.com/Indexes/performance/real_time_market_analysis.asp.

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.

About Russell:

Russell Investments aims to improve financial security for people by providing
strategic advice, world-class implementation, state-of-the-art performance
benchmarks, and a range of institutional-quality investment products. With more
than $213 billion in assets under management, Russell serves individual,
institutional and advisor clients in more than 40 countries. Russell provides
access to some of the world`s best money managers. It helps investors put this
access to work in corporate defined benefit and defined contribution plans, and
in the life savings of individual investors. Headquartered in Tacoma, Wash.,
Russell has principal offices in Amsterdam, Auckland, Hong Kong, Johannesburg,
London, Melbourne, New York, Paris, San Francisco, Seoul, Singapore, Sydney,
Tokyo and Toronto. For more information on Russell indexes, go to
www.russell.com.

Youbet.com, Inc.
Jeffrey Grosman, 818-668-2384
or
Integrated Corporate Relations
Investors:
William Schmitt, 203-682-8200

Copyright Business Wire 2009