Stull, Stull & Brody Announces Investigation on Behalf of Shareholders of YouBet.com, Inc.

NEW YORK--(Business Wire)--
Attorney Advertising. Notice is hereby given that Stull, Stull & Brody has
commenced an investigation on behalf of shareholders of YouBet.com, Inc.
("YouBet" or the "Company") (Nasdaq: UBET) for possible breaches of fiduciary
duty and other violations of state law in connection with an agreement by
YouBet`s Board of Directors to sell all of the Company`s outstanding shares of
common stock at a price of approximately $2.84 per share in cash and stock to
Churchill Downs, Inc.("Churchill") (Nasdaq: CHDN).

If you own the common stock of YouBet and wish to obtain additional information
about this matter, please contact Stull, Stull & Brody at the toll-free number
listed below. Stull, Stull & Brody has litigated many class actions for
violations of securities laws and breaches of fiduciary duties on behalf of
defrauded investors over the past 40 years and has obtained court approval of
substantial settlements on numerous occasions.

The investigation concerns the price to be paid by Churchill to YouBet
shareholders and the process by which YouBet`s Board of Directors is addressing
the transaction. Under the terms of the proposed transaction, YouBet
shareholders would receive approximately $2.84 per share based on a fixed ratio
of 0.0598 Churchill common shares and $0.97 in cash for each YouBet share owned,
for a total transaction value of approximately $126.8 million. Given that
YouBet`s stock was trading at $3.08 per share as recently as August 2009, and at
$3.91 per share as recently as July 2009, Stull, Stull & Brody is investigating
whether the Board of Directors of YouBet has acted in the best interest of the
Company`s shareholders and whether the Board has breached its fiduciary duties
owed to the Company's shareholders.

If you wish to discuss this matter or have any questions concerning this notice
or your rights or interests with respect to this matter, please contact Aaron
Brody, Esq. at Stull, Stull & Brody by calling 1-800-337-4983 or 1-212-687-7230,
or by email to ssbny@aol.com or by writing to Stull, Stull & Brody, 6 East 45th
Street, New York, NY 10017.

Attorney advertising. Prior results do not guarantee a similar outcome.

Stull, Stull & Brody
Aaron Brody, Esq.
1-800-337-4983 or 212-687-7230
ssbny@aol.com

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