Douglas Fairbanks Jr. plays a poker hustler working in cahoots with good-time girl Rita Hayworth. Alcoholic playwright Thomas Mitchell, having saved embezzler John Qualen from suicide, decides to enter Fairbanks’ high-stakes game, using Qualen as an easy-mark “bait.“ Mitchell’s clever schemes to beat Fairbanks come acropper, but Fairbanks has a sudden change of heart and decides it’s more fun to perform good deeds.
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