youbet.com in the united states?

[mlp2512]

Any of the legal scholars in here have any insight into this. They appear to cover themselves by specifically listing who they can and cannot take action from based on state laws.

But they have to be located somewhere, right. Also mentions that they are listed on the Nasdaq.

Does anyone have any experience to say whether these guys a truly legit.

M.

[shoebox]

100% legit and they are located in the United States. There are many restrictions on who they can and cannot take on as customers, its all laid out on thier website.

[Mr Negative]

the correct answer is

YOUBET

[mlp2512]

Thanks shoe,

A few follow up questions, because my understanding is not completely great.

How are they legitimately booking this action?

Their website says that clients may "call in" bets. Does this not bring wire act issues into play.

Again, I am not a lawyer, so my understanding is very basic and these questions may be sophmorish.

A buddy and mine were discussing the idea of gambling websites in the united states the other day, when I made the comment to him that there was not a single website that could operate legally out of the US. He said, there already is one and pointed me to youbet.com

I didn't quite understand how they made it work so I turned to the one place where I figured I could get some informed responses.

Thanks again,

M.

[shoebox]

They arent booking anything, its parimutual just like betting at the track.

[Brock]

I herd youbet is traded on the stock market.
I sent them two checks and every thing was
working fine untill my free trial period to there
service ended and they wanted a credit card
for contiued service, meaning there live video
feed. I asked them if my card was rejected by
provider for gamming, if I would still be charged
the monthly fee. they informed me yes they would,
and would no longer take a check. I have not used
them since.