Youbet provides live odds, downloadable and printable programs and past performances for the following member tracks. Also, wagering on all of these tracks is possible using Ladbrokes telephone system. Of these tracks, a few do not provide live audio/video or
may not be available for online wagering.
Youbet tracks:
Australia, Bay Meadows (CA), Beulah Park (OH), Cal Expo (CA), Calder Race Course (FL), Churchill Downs (KY), Colonial Downs (VA), Del Mar (CA), Delaware Park (DE), Delaware Country Fair (OH), Delta Downs (LA), Dover Downs (DE), Dubai World Cup (UAE), Ellis Park Evangeline Downs (LA), Fair Grounds (LA), Fairplex (CA), Fort Erie (ON), Fraser Downs (BC), Freehold (NJ), Garden State Park (NJ), Golden Gate (CA), Gulfstream (FL), Harrington (DE), Hawthorne (IL), Hialeah Park (FL), Hollywood Park (CA), Keeneland (KY), Ladbroke at the Meadows (PA), Laurel Park (MD), Louisiana Downs (LA), Meadowlands (NJ), Monmouth Park (NJ), Northern California Fairs (CA), Northfield Park (OH), Northville (MI), Oaklawn Park (AR), Penn National (PA), Philadelphia Park (PA), Pimlico (MD), Pocono Downs (PA), Pompano (FL), Prairie Meadows (IA), Remington Park (OK), Rockingham Park (NH), Sam Houston (TX), Santa Anita Park (CA), Sportman's Park (FL), Tampa Bay Downs (FL), Turf Paradise
(AZ), Turfway Park (KY), Woodbine (ON).
The following track/states have account wagering simulcast restrictions:
Bay Meadow, CA- CA, KY, OR & MD residents; Golden Gate, CA - CA residents; Santa Anita, CA - CA residents; Gulfstream, FL - KY, OR & MD residents; Turfway, KY - KY, OR & MD residents; Remington Park, OK - OK residents; Sam Houston, TX - TX residents; Woodbine (H), ON - ON, PQ,
NF, NB, NS & PE residents.
| Exceptions: | | Customer accounts refused from: AK, CO, GA, HI, MS, MO, NV, NC, SC, UT, PR, VI.
Account holders must be aged 18 or older.
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| Partners: | | Ladbrokes USA provides wagering services;
Equibase provides racing information;
Thoroughbred Sports Network provides horse track racing information;
Axcis/Trackmaster provides past performance thoroughbred handicapping information.
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| Wagering: | | Customers wanting to place wagers online must have an account with both Youbet.com and Ladbrokes. Wagering accounts can be set up through Youbet or by contacting Ladbrokes directly. Youbet accounts must be charged to a credit card, while a Ladbrokes account can be set up using credit cards, check or money orders. Suggested minimum deposit for a wagering account is $50, and there is no charge for wagers.
Youbet.com stresses that its role in the wagering process is limited to transmitting information to the licensed wagering facility. (In this case, Ladbrokes is the facility, which is licensed in Pennsylvania.)
Even the wager races! According to Youbet, online wagering transactions take about 3 seconds from the time it's entered on the punter's computer, transmitted to Ladbrokes and finally, an acknowledgment is returned to the customer's PC.
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| Stock activity: | | Youbet stock is traded on the NASDAQ using the symbol "UBET".
Stock prices have swung widely over the last year. The 52-week high (according to Yahoo
Financial pages) was May 21, 1999 showing $24.25 per share, while the 52-week low was Oct. 18, 1999 showing $3.313. The last few months, however, have seen Youbet.com's stock value hovering in the $4 range.
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| Revenues: | | Robertson Stephenson analyst Harry Curtis suggested in February that Youbet should generate a 30 percent secular growth over the next three years.
In the nine months ending September 30, 1999 company officials reported an increase in revenue from $98 thousand to $23 million. Additionally, the net loss increased by 22 percent, hitting $13.7 million.
Youbet reported revenue of $1.4 million for its fourth quarter ended Dec. 31, up from $165,000 a year ago, with net loss of $10.8 million for the quarter, up from $2.6 million a year earlier. The company's cash balance as of Dec. 31 was $62.3 million, with 14,500 subscribers, up 26 percent, who bet $61 million in 1999.
Youbet's revenues are derived in three ways:
The $5.95 monthly subscription fee charged Youbet customers;
Income from sale of handicapping information, which can range in price from 75 cents to $25, depending on the information purchased; and
Ladbrokes pays a fee equal to 50 percent of net commissions derived from Youbet's subscribers' wagers to Ladbrokes. |