Walter Martin and Eddie Taylor are a couple of theatrical agents, and they receive a visit from Andrew "Cactus" Clayton, who is looking for Effie Canova, who grub-staked him years ago. He longs to share his wealth with her and offers Martin and Taylor a thousand dollars if they'll find her. They learn that Effie is dead, but her daughter is in an orphanage. Unable to finance the trip, they make a deal with "Spider" Mike Lawrence, getting $200 from him to, supposedly, bet on a horse. At the orphanage, they find that Effie's daughter, Judy Canova is far too old to adopt, so they sign her to a contract and promise her a theatrical career. But before that can set out for Nugget City to collect from "Cactus", Mike and his henchman, Louie , catch up with them. It seems that the horse they didn't bet on won paying gigantic odds.