Exhibit 12.1

Certification by the Chief Executive Officer

Pursuant to Section 302 of the Sarbanes Oxley Act of 2002

I, Man San Law, Chief Executive Officer of 500.com Limited (the Company), certify that:

1. I have reviewed this annual report of the Company;

2. Based on my knowledge, this annual 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 annual report;

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

4. The Companys other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as
defined in Exchange Act Rules 13a 15(e) and 15d 15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a 15 (f) and 15d 15(f)) for the Company and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under
our supervision, to ensure that material information relating to the Company, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this annual report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to
be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of consolidated financial statements for external purposes in accordance with generally accepted accounting
principles;

(c) Evaluated the effectiveness of the Companys disclosure controls and procedures and presented in this
annual report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this annual report based on such evaluation; and

(d) Disclosed in this annual report any change in the Companys internal control over financial reporting that occurred
during the period covered by this annual report that has materially affected, or is reasonably likely to materially affect, the Companys internal control over financial reporting; and

5. The Companys other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial
reporting, to the Companys auditors and the audit committee of Companys board of directors (or persons performing the equivalent function):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial
reporting which are reasonably likely to adversely affect the Companys ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the
Companys internal control over financial reporting.

Date: March 26, 2014



|    |  |                 |  |                                     
|--- |  | --------------- |  | ------------------------------------
|By: |  | /s/ Man San Law
|    |  | Name:           |  | Man San Law                         
|    |  | Title:          |  | Chairman and Chief Executive Officer