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<TITLE>Filed by Bowne Pure Compliance</TITLE>
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<P style="font-size: 14pt" align="center"><B>UNITED STATES<BR>
SECURITIES AND
EXCHANGE COMMISSION<BR>
<FONT style="font-size: 12pt">Washington, D.C. 20549
</FONT></B>

<P style="font-size: 18pt" align="center"><B>FORM 8-K</B>

<P style="font-size: 12pt" align="center"><B>CURRENT REPORT<BR>
Pursuant to
Section 13 or 15(d) of the Securities Exchange Act of 1934</B>

<P style="font-size: 10pt" align="center"><B>Date of Report (Date of earliest
event reported): November 5, 2008</B>

<P style="font-size: 24pt" align="center"><B>Youbet.com, Inc.<BR>
</B><FONT
style="font-size: 10pt">(Exact name of registrant as specified in its charter)
</FONT>
<TABLE style="font-size: 10pt; text-align: center" cellspacing="0"
cellpadding="0" width="100%" border="0">

 <TR>
  <TD width="32%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="33%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="32%">&nbsp;</TD>
 </TR>
 <TR valign="bottom">
  <TD style="border-bottom: #000000 1px solid"><B>Delaware</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>0-26015</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>95-4627253</B></TD>
 </TR>
 <TR valign="top">
  <TD>(State or other Jurisdiction of Incorporation)</TD>
  <TD>&nbsp;</TD>
  <TD>(Commission File Number)</TD>
  <TD>&nbsp;</TD>
  <TD>(IRS Employer Identification No.)</TD>
 </TR>

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cellpadding="0" width="100%" border="0">

 <TR>
  <TD width="49%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="49%">&nbsp;</TD>
 </TR>
 <TR valign="bottom">
  <TD style="border-bottom: #000000 1px solid"><B>5901 De Soto Avenue, Woodland
Hills, California<BR>
</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>91367</B></TD>
 </TR>
 <TR valign="top">
  <TD>(Address of Principal Executive Offices)</TD>
  <TD>&nbsp;</TD>
  <TD>(Zip Code)</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="center">Registrant&#8217;s telephone number,
including area code: <B>(818) 668-2100</B>
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cellpadding="0" width="30%" border="0">

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  <TD width="100%">&nbsp;</TD>
 </TR>
 <TR>
  <TD style="border-bottom: #000000 1px solid" nowrap><B>&nbsp;</B></TD>
 </TR>
 <TR>
  <TD nowrap>(Former name or former address if changed since last report.)</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="left">Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions:

<P style="font-size: 10pt" align="left"><FONT face="Wingdings">o</FONT> Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)<BR>
<BR>
<FONT face="Wingdings">o</FONT> Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR>
<BR>
<FONT
face="Wingdings">o</FONT> Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR>
<BR>
<FONT
face="Wingdings">o</FONT> Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR>



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<P style="display: none; font-size: 10pt" align="center">1
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style="margin-left: 0.25in; width: 7.2in; font-family: 'Times New Roman',Times,serif">

<P style="font-size: 10pt" align="left"><B>Item&nbsp;2.02. Results of
Operations and Financial Condition.</B>

<P style="font-size: 10pt" align="left">On November&nbsp;5, 2008, Youbet.com,
Inc. announced its financial results for the third quarter and nine months
ended September&nbsp;30, 2008. A copy of this press release is attached to this
report as Exhibit&nbsp;99.1.

<P style="font-size: 10pt" align="left">The earnings press release contains
disclosure regarding general and administrative costs excluding a one-time severance cost, which is a measure of performance not calculated in
accordance with accounting principles generally accepted in the United States
(&#8220;GAAP&#8221;). Information needed to
reconcile general and administrative costs excluding a one-time severance cost
with general and administrative expense, the most directly comparable GAAP
measure, appears in the text of the release under &#8220;Nine Month 2008
Operating Results.&#8221;

<P style="font-size: 10pt" align="left">Management believes that this non-GAAP
financial measure serves as a useful supplemental measure that reflects core
business performance by excluding the non-recurring severance cost. Management
uses this measure to assess year-over-year business segment performance, as
well as overall company performance. This measure should not be considered as
an alternative to general and administrative expense as an indicator of our
financial performance and may not be comparable to similarly titled measures
used by other companies.

<P style="font-size: 10pt" align="left">The information required to be
furnished pursuant to Item&nbsp;2.02 and Exhibit&nbsp;99.1 of this report shall
not be deemed to be &#8220;filed&#8221; for purposes of Section&nbsp;18 of the
Securities Exchange Act of 1934, as amended (&#8220;the Exchange Act&#8221;),
or otherwise subject to the liability of that section, except if Youbet.com,
Inc. specifically incorporates it by reference into a filing under the
Securities Act of 1933, as amended, or the Exchange Act.

<P style="font-size: 10pt" align="left"><B>Item&nbsp;9.01. Financial Statements
and Exhibits.</B>

<P style="font-size: 10pt; margin-left: 8%" align="left">(a)&nbsp;Not
Applicable.

<P style="font-size: 10pt; margin-left: 8%" align="left">(b)&nbsp;Not
Applicable.

<P style="font-size: 10pt; margin-left: 8%" align="left">(c)&nbsp;Not
Applicable.

<P style="font-size: 10pt; margin-left: 8%" align="left">(d)&nbsp;Exhibits:

<P>
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width="11%">&nbsp;</TD>
  <TD nowrap align="left" width="3%">99.1</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>Youbet.com, Inc. Earnings Press Release dated November&nbsp;5, 2008
(furnished pursuant to Item&nbsp;2.02 of <BR>Form 8-K).</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="center">&nbsp;

<P style="font-size: 10pt" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">2
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<P style="font-size: 10pt" align="center">SIGNATURE

<P style="font-size: 10pt; text-indent: 4%" align="left">Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.

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 <TR valign="bottom">
  <TD valign="top">&nbsp;</TD>
  <TD colspan="2" align="left">YOUBET.COM, INC.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>


 <TR valign="bottom">
  <TD valign="top"><DIV style="margin-left: 0px; text-indent: 0px">Date: November&nbsp;5, 2008 </DIV></TD>
  <TD align="left">By: &nbsp;</TD>
  <TD valign="top" align="left" style="border-bottom: #000000 1px solid">/s/ James A. Burk</TD>
 </TR>


 <TR valign="bottom">
  <TD valign="top">
<DIV style="margin-left: 0px; text-indent: 0px">&nbsp;</DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">James A. Burk<BR>Chief Financial Officer</TD>
 </TR>
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<P style="font-size: 10pt" align="right">&nbsp;

<P style="font-size: 10pt" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">3
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<P style="font-size: 10pt" align="center"><B>Exhibit Index</B>



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<TR>
  <TD width="8%">&nbsp;</TD>
  <TD width="5%">&nbsp;</TD>
  <TD width="87%">&nbsp;</TD>
</TR>

<TR valign="bottom">
  <TD align="left" style="border-bottom: 1px solid #000000"><B>Exhibit<BR>Number</B></TD>
  <TD>&nbsp;</TD>
  <TD align="left" style="border-bottom: 1px solid #000000"><B>Description</B></TD>
</TR>


 <TR valign="top">
  <TD align="left">99.1</TD>
  <TD>&nbsp;</TD>
  <TD align="left">Youbet.com, Inc. Earnings Press Release dated November&nbsp;5, 2008
(furnished pursuant to Item&nbsp;2.02 of <BR>Form 8-K).</TD>
 </TR>

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<P style="font-size: 10pt" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">4
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{"company-data": {"conformed-name": "YOUBET COM INC", "cik": "0000814055", "assigned-sic": "7990", "irs-number": "954627253", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-26015", "film-number": "081164925"}, "business-address": {"street1": "5901 DE SOTO AVE.", "street2": "-", "city": "WOODLAND HILLS", "state": "CA", "zip": "91367", "phone": "818-668-2100"}, "mail-address": {"street1": "5901 DE SOTO AVE.", "street2": "-", "city": "WOODLAND HILLS", "state": "CA", "zip": "91367"}, "former-company": {"former-conformed-name": "YOU BET INTERNATIONAL INC", "date-changed": "19960104"}}
Filed by Bowne Pure Compliance
UNITED STATES
SECURITIES AND
EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to
Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest
event reported): November 5, 2008
Youbet.com, Inc.
(Exact name of registrant as specified in its charter)
Delaware
0-26015
95-4627253
(State or other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
5901 De Soto Avenue, Woodland
Hills, California
91367
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number,
including area code:
(818) 668-2100
(Former name or former address if changed since last report.)
Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions:
o
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o
Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 2.02. Results of
Operations and Financial Condition.
On November 5, 2008, Youbet.com,
Inc. announced its financial results for the third quarter and nine months
ended September 30, 2008. A copy of this press release is attached to this
report as Exhibit 99.1.
The earnings press release contains
disclosure regarding general and administrative costs excluding a one-time severance cost, which is a measure of performance not calculated in
accordance with accounting principles generally accepted in the United States
("GAAP"). Information needed to
reconcile general and administrative costs excluding a one-time severance cost
with general and administrative expense, the most directly comparable GAAP
measure, appears in the text of the release under "Nine Month 2008
Operating Results."
Management believes that this non-GAAP
financial measure serves as a useful supplemental measure that reflects core
business performance by excluding the non-recurring severance cost. Management
uses this measure to assess year-over-year business segment performance, as
well as overall company performance. This measure should not be considered as
an alternative to general and administrative expense as an indicator of our
financial performance and may not be comparable to similarly titled measures
used by other companies.
The information required to be
furnished pursuant to Item 2.02 and Exhibit 99.1 of this report shall
not be deemed to be "filed" for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended ("the Exchange Act"),
or otherwise subject to the liability of that section, except if Youbet.com,
Inc. specifically incorporates it by reference into a filing under the
Securities Act of 1933, as amended, or the Exchange Act.
Item 9.01. Financial Statements
and Exhibits.
(a) Not
Applicable.
(b) Not
Applicable.
(c) Not
Applicable.
(d) Exhibits:
99.1
Youbet.com, Inc. Earnings Press Release dated November 5, 2008
(furnished pursuant to Item 2.02 of
Form 8-K).
SIGNATURE
Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.
YOUBET.COM, INC.
Date: November 5, 2008
By:
/s/ James A. Burk
James A. Burk
Chief Financial Officer
Exhibit Index
Exhibit
Number
Description
99.1
Youbet.com, Inc. Earnings Press Release dated November 5, 2008
(furnished pursuant to Item 2.02 of
Form 8-K).