Jimmy Slocum, whose wealthy father continually pays his speeding fines and loses bets to him, wins a $1,000 bet with his father that Katherine Fowler, whom his father wants him to marry, does not love him. Jimmy then wins a $25,000 bet that he can keep from being arrested more than once in the coming year by getting a twelve-month jail sentence for fighting in a bar and then sassing the judge. He is released early, however, due to his father's efforts and vows to succeed on his own. He gets stranded in a small town where he falls in love with Ethel Wheeler, the owner of a rundown hotel, and with her makes a fortune selling mineral water found on her property. When the town banker tries to foreclose on them, Jimmy opens his own bank with the $25,000, marries Ethel and gains the respect of his father for his success.