Bummer Hook. Don't lose heart, though. My first was fiberglass tape backed oak with a hinge and 35#. I then proceeded to break 8 or so bows. To be honest, I'm not a fan of "superstore" oak boards. My first successes came with hickory boards. They are very forgiving to beginners and make great bows. I found my first hickory boards at a shop making crown molding. Then I looked for hardwood dealers in my area and found much better quality with straight. To get boards like that now I've got about a 45 minute drive, but it's fine.
Couple of questions:
Where are you located? How well are you sanding the back and the backs edges? Did you end up putting a linen backing on this? It would have needed it - there is quite a bit of run off. Would you consider trying a D bow - it's a personal thing, but I found them easier to begin with. Post pictures as you go with your next round.
Keep the faith, man. Your going to get your shooter very soon, I'm sure.