YalegradDanBrooks(BingCrosby)isexpectedtomarrywealthybossJ.L.Higgins’(CharlesBickford)daughterMargaret(FrancesGifford)andjointhefamilybox-makingbusiness.Heisfarmoreinterestedinracingahorseheowns,BroadwayBill.Doingpoorlyatwork,DanandhisgroomWhitey(ClarenceMuse)leavetowntoenterBillintheImperialDerby,butfirstmustfindmoneyfortheentryfee.HeandoldpalProfessorPettigrew(RaymondWalburn)eachtrytocontheotheroutofafewbucks,thenendupsingingtheYaleschoolsongtogetoutofarestauranttabtheycan’tpay.Maggie’syoungersisterAlice(ColeenGray)issecretlyinlovewithDan,sosheoffershimsomemoney,pawningherbelongings.Whiteyisbeatenuptryingtowinsomeinacrapsgame,andBroadwayBilliscartedawaybecauseDandoesn’tpayhisfeedbill.Danisjailed,too.Arichmanmakesabeton100-to-1shotBill,leadingtofalserumorsthatthehorseisashoo-in.Theoddsdropfast,butgamblersandacrookedjockeytrytomakesuretheirownfavoriteswintherace.BroadwayBillsomehowmanagestowin,butcollapsesatthefinishlineandmustbeputtosleep.AsaddenedDantakescomfortindecidingtobuyandraceBroadwayBillII.HisenthusiasmpersuadesAliceandevenherdadtolendDanahand.
