A young girl is left with the notoriously cheap Sorrowful Jones as a marker for a bet. When her father doesn't return, he learns that taking care of a child interferes with his free-wheeling lifestyle. Sorrowful must also evade crooked gangsters and indulge in a bit of horse-thieving.

A crooked producer makes money from Broadway flops by selling more than 100% interest to multiple parties. He only fails if it makes a profit.