A successful bookmaker offers unusual insurance policies and
tries to keep an actress from marrying.
Numbers (William Gargan) tells bookmaker "Odds" Owen
(Warren William) that a long-shot bet could cost them $50,000.
Odds calls Brains (Vince Barnett) to alert Doc (Spencer Charters).
After the horse wins, they take saliva for a test and discover
the horse was doped. Odds calls on attorney Everett Markham (Clay
Clement) and offers him the choice of the $50,000 bet pay-off
or the medical report. Markham takes the report, and Odds also
hints that he should sell his stables.
Realizing that Lloyds of London uses percentages the same way
he does, Odds decides to offer freak insurance policies. Leading
actress Marilyn Young (Claire Dodd) is dating hypochondriac Dwight
Boardman (Walter Byron) and may marry him. On her acting income
she is supporting her father Col. Jefferson Davis Youngblood (Guy
Kibbee), who wants to publish his history showing that the South
did not lose the Civil War. Markham wants to marry Marilyn and
suggests that Col. Youngblood take out insurance that she will
not marry in three years so that Youngblood can collect $50,000
to publish his book. Col. Youngblood goes to Odds and agrees to
pay $100 a week for the policy. Odds has Marilyn followed so that
he can stop anyone from dating her more than three times. At a
bar Doc treats a phony victim of a heart attack and persuades
Boardman that marriage was the cause. Marilyn meets Odds and soon
learns that Boardman left town. In a restaurant David (Errol Flynn)
is also prevented from dating Marilyn when she sees that he seems
to have ties to several gangsters.
When it becomes clear that Markham is going to marry Marilyn,
Odds intervenes by dating her himself. Finally he substitutes
for the detained Markham and marries her himself.
This little comedy satirizes a clever merging of gambling
and insurance by adding romance as the trump card.