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                                  UNITED STATES
                         SECURITIES EXCHANGE COMMISSION
                             Washington, D.C. 20549

                              ---------------------

                                  FORM 10-QSB/A

(X)  QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
     OF 1934

     FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2002

                                       OR

(_)  TRANSACTION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
     OF 1934

     FOR THE TRANSITION PERIOD FROM _____ TO _____

                       COMMISSION FILE NUMBER: 33-13789LA

                             - - - - - - - - - - - -

                                YOUBET.COM, INC.

             (Exact name of registrant as specified in its charter)

       DELAWARE                                             95-4627253
(State of incorporation)                   (I.R.S. Employer Identification No.)


                      5901 De Soto Avenue, Woodland Hills,
                     California 91367 (Address of principal
                     executive offices, including zip code)


                                 (818) 668-2100
                (Issuer's telephone number, including area code)

                             - - - - - - - - - - - -

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to filing requirements
for the past 90 days.

                                   Yes X  No
                                      ---   ---

                             - - - - - - - - - - - -

As of November 12, 2002, the issuer had 23,422,600 shares of common stock issued
and outstanding.



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The Quarterly Report on From 10-QSB for the three and nine months ended
September 30, 2002 is amended to reflect a change in the Net Loss per Common
Share for the three and nine months ended September 30, 2002 from $(.11) and
$(.38) to $(.09) and $(.36) respectively.

                                YOUBET.COM, INC.
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                                      Three Months Ended       Nine Months Ended
                                                                      September 30, 2003      September 30, 2002

<S>                                                                       <C>                     <C>
Net Loss                                                                  $(2,132,836)            $ (7,604,398)
                                                                          ===========             ============

Basic and Diluted:                                                        $     (0.09)            $      (0.36)
                                                                          ===========             ============
           Net Loss per Common Share

             Weighted average number of common shares outstanding          23,422,600               21,169,503
                                                                          ===========             ============
</TABLE>






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                                   SIGNATURES

In accordance with the requirements of the Securities Exchange Act of 1934, the
registrant caused this report to be signed on its behalf by the undersigned
thereunto duly authorized.



                             YOUBET.COM, INC.


May 20, 2003                 By:   /s/  Charles F. Champion

                                        ---------------------------------------
                                        Charles F. Champion
                                        President and Chief Executive Officer

May 20, 2003                 By:   /s/  Gary Sproule

                                        ---------------------------------------
                                        Gary Sproule
                                        Chief Financial Officer





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                                 CERTIFICATIONS

I, Charles Champion, certify that

1.   I have reviewed this quarterly report on Form 10-QSB of Youbet.com, Inc.;

2.   Based on my knowledge, this quarterly report does not contain any untrue
     statement of a material fact or omit to state a material fact necessary to
     make the statements made, in light of the circumstances under which such
     statements were made, not misleading with respect to the period covered by
     this quarterly report;

3.   Based on my knowledge, the financial statements, and other financial
     information included in this quarterly report, fairly present in all
     material respects the financial condition, results of operations and cash
     flows of the registrant as of, and for, the periods presented in this
     quarterly report.

4.   The registrant's other certifying officer and I are responsible for
     establishing and maintaining disclosure controls and procedures (as defined
     in Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

     a.   designed such disclosure controls and procedures to ensure that
          material information relating to the registrant, including its
          consolidated subsidiaries, is made known to us by others within those
          entities, particularly during the period in which this quarterly
          report is being prepared;

     b.   evaluated the effectiveness of the registrant's disclosure controls
          and procedures as of a date within 90 days prior to the filing date of
          this quarterly report (the "Evaluation Date"); and

     c.   presented in this quarterly report our conclusions about the
          effectiveness of the disclosure controls and procedures based on our
          evaluation as of the Evaluation Date;

5.   The registrant's other certifying officer and I have disclosed, based on
     our most recent evaluation, to the registrant's auditors and the audit
     committee of registrant's board of directors (or persons performing the
     equivalent function):

     a.   all significant deficiencies in the design or operation of internal
          controls which could adversely affect the registrant's ability to
          record, process, summarize and report financial data and have
          identified for the registrant's auditors any material weaknesses in
          internal controls; and

     b.   any fraud, whether or not material, that involves management or other
          employees who have a significant role in the registrant's internal
          controls; and

6.   The registrant's other certifying officer and I have indicated in this
     quarterly report whether or not there were significant changes in internal
     controls or in other factors that could significantly affect internal
     controls subsequent to the date of our most recent evaluation, including
     any corrective actions with regard to significant deficiencies and material
     weaknesses.



May 20, 2003                By:  /s/  Charles F. Champion

                                      ----------------------------------------
                                      Charles F. Champion
                                      President and Chief Executive Officer


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I, Gary Sproule, certify that

1.   I have reviewed this quarterly report on Form 10-QSB of Youbet.com, Inc.;

2.   Based on my knowledge, this quarterly report does not contain any untrue
     statement of a material fact or omit to state a material fact necessary to
     make the statements made, in light of the circumstances under which such
     statements were made, not misleading with respect to the period covered by
     this quarterly report;

3.   Based on my knowledge, the financial statements, and other financial
     information included in this quarterly report, fairly present in all
     material respects the financial condition, results of operations and cash
     flows of the registrant as of, and for, the periods presented in this
     quarterly report.

4.   The registrant's other certifying officer and I are responsible for
     establishing and maintaining disclosure controls and procedures (as defined
     in Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

     a.   designed such disclosure controls and procedures to ensure that
          material information relating to the registrant, including its
          consolidated subsidiaries, is made known to us by others within those
          entities, particularly during the period in which this quarterly
          report is being prepared;

     b.   evaluated the effectiveness of the registrant's disclosure controls
          and procedures as of a date within 90 days prior to the filing date of
          this quarterly report (the "Evaluation Date"); and

     c.   presented in this quarterly report our conclusions about the
          effectiveness of the disclosure controls and procedures based on our
          evaluation as of the Evaluation Date;

5.   The registrant's other certifying officer and I have disclosed, based on
     our most recent evaluation, to the registrant's auditors and the audit
     committee of registrant's board of directors (or persons performing the
     equivalent function):

     a.   all significant deficiencies in the design or operation of internal
          controls which could adversely affect the registrant's ability to
          record, process, summarize and report financial data and have
          identified for the registrant's auditors any material weaknesses in
          internal controls; and

     b.   any fraud, whether or not material, that involves management or other
          employees who have a significant role in the registrant's internal
          controls; and

6.   The registrant's other certifying officer and I have indicated in this
     quarterly report whether or not there were significant changes in internal
     controls or in other factors that could significantly affect internal
     controls subsequent to the date of our most recent evaluation, including
     any corrective actions with regard to significant deficiencies and material
     weaknesses.



May 20, 2003                By:      /s/      Gary Sproule

                                               --------------------------------
                                              Gary Sproule
                                              Chief Financial Officer








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