YouBet Trust Program

[linrom1]

Something that I was looking forward to: security of my funds.

Press Release Source: Youbet.com, Inc.

Youbet.com Announces Players Trust
Thursday November 14, 8:08 am ET
Regulators and Banks Applaud Innovation

LOS ANGELES--(BUSINESS WIRE)--Nov. 14, 2002--Youbet.com, Inc. (Nasdaq: UBET - News), the leading online live event and wagering company, today announced the formation of the Players Trust(TM), a secure, third party trust account controlled and managed by Comerica Bank, one of the nation's 20 largest banking companies. Youbet.com created the Players Trust(TM) after observing growing consumer and industry concern about the vulnerability of customer funds on some online wagering sites. This unique trust was established and fully funded in early November and it is already providing Youbet customers with the highest possible level of protection for their wagering accounts.

ADVERTISEMENT
"To the best of our knowledge, this is a gaming industry first and we're proud to offer it free to our customers," commented Chuck Champion, Chief Executive Officer of Youbet.com. "The Players Trust(TM) meets the toughest security criteria of federal and state regulators by guaranteeing the safety of customer funds. The Players Trust(TM) reassures the customer that their online accounts at Youbet.com are segregated, secure and insulated from outside claims."

"While Youbet.com has never co-mingled customer funds with other company bank accounts, there is currently no regulation against that practice," noted Gary W. Sproule, Chief Financial Officer of Youbet.com. Youbet's customer wagering accounts are fully reserved in the Players Trust(TM) solely for customer benefit. Customers may continue to be concerned over how their deposits are protected elsewhere, but not at Youbet.

"I am very happy to see that the industry, and particularly Youbet, is taking steps to give the consumer additional confidence in the pari-mutuel system. It is encouraging to see Youbet, a California based company, take a leadership role in going beyond the legally required safeguards," said Roger H. Licht, Vice Chairman of the California Horse Racing Board.

"This is the first time we've been approached with such a creative application using a trust, and we applaud Youbet for its forward-thinking when it comes to customer protection," noted Robert Bergman, Vice President and Business Development Officer of Comerica Bank. "This approach gives Youbet's customers the unprecedented security of a trust account."

[azmike]

sounds like a smart move and one I, as a YouBet customer, appreciate.

I would speculate that Comerica would do this for free since our funds would be on deposit at their bank. If so, a clever move for YouBet.

[MikeDee]

for free? The funds should be in a momey market and we should be getting interest.

[Tom]

How thoughtful of them to hold OUR money for free.
You just don't find nice people like this everyday.
(puke puke)

[azmike]

Well, it would be great to get interest but this is similar to an escrow or checking account where you generally don't get interest. With rates being south of 1% it probably isn't reasonable to expect interest on our accounts, which are generally pretty fluid.

If Youbet was getting interest on our accounts then I would be upset but legally they can't do that.

I think it was great for Youbet to set up this program. They didn't have to and I don't know if any others are doing the same. I doubt it.

As stated before, I like YouBet and I hope they succeed. I don't know of another service that has betting, video etc at the same quality. Others may not like YouBet as well, but that is why we have competition and YouBet is not a monopoly.

[Tom]

Trying on last time to use YouBet and it is performing worse than it ever did, including my old modem days.
Today at Aqu- had to restart the video 14 times in two races!
Longest stretch of video was under two minutes.
Everytime the postage stamp went blank, I got a message Cannot Show Video for this Track.
So, for my second mistake of the day, I called tech support (HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHA)
They told me the problem was that I was using a firewall.
If I turned it off, yhe video would work. Now This sounds pretty stupid to me.....they say using anti-virus software or firewalls affect the video?????? So I should diable it and be a sitting duck on the net? "OH, if you stay in front of your computer and never look away, it will be all right!"
I told them Yahoo video NEVER froze up on me and their reply?
"This is not Yahoo!"
He was actually proud that his product, that fails to work was not Yahoo, which works fine!
Sound like Sadamm has already launched stupid-gas on us!

[PaceAdvantage]

Tom, there's got to be something going on on your end. Postage stamp?? I get a decent sized window at 1x, and close to full screen at 2x. Which version of YouBet are you using???

Both at work and at home (T1 at work, cable modem at home), I have had little to no problems with the YouBet video. Any problems I do have, it's usually at work, and it's usually not the fault of YouBet....


==PA

[Tom]

YouBet is the ONLY place I have video problems. Yahoo, and track feed, all are flawless - some sites look as good as TV!
Only YouBet consistently fails to work.
Won't be a problem much longer....I printed out withdrawl slips today. The upside, is I will probably have to quit betting NTRA and that won't bother me a bit.
(Postage stamp is a exaggeration-but I can't bring myself to refer to it as a "screen")

[azmike]

I sure wish I was more computer literate so I could you some advice but I don't have that expertise. I, like most people, have had my share of very frustrating computer-software related problems so I can "feel your pain".

I wish YouBet worked for you because of what it (is intended to) offer(s).

On ocassion (rarely) I get the no video message but I just click on another track and quickly re-click the track I want and it comes back. I assumed it might just be intermittent satellite interference.

I have anti-virus (norton) on my computer and it doesn't cause a problem.

All I can think of it to uninstall and do a fresh install of the latest version or just drop it as you indicated you might do.