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Wealthy American tourist Jack Forbes bets his friend, Michael Cummings, that he can win beautiful Looloo Carroll in two weeks without using any money he does not earn himself. To ensure that he does not cheat, Michael hires Simon and Peter to follow Jack in Paris. Jack meets Looloo right away, but loses her phone number. Hoping to earn a little money, Jack gets a job as a Parisian guide. He is about to be hired by Violet, an American tourist, when Looloo walks by. Looloo assumes that the woman is Jack's girl friend and he cannot set her straight without revealing that he has a job. She informs Jack that she will announce her engagement to Michael at a party that evening unless he does something to stop it. Because his clothes are being held in the hotel room in lieu of payment, Jack plays strip poker with a waiter for his tuxedo. When his disguise is penetrated, he dresses as a magician and attends the engagement party as the entertainment. With money he collected as part of his magic performance, Jack takes Looloo to the races. Michael gives them a phony tip and they bet everything on the horse. To everyone's surprise, the horse wins. At first, however, it appears the horse has been disqualified, and Jack tears up his and Looloo's tickets. Then the final announcement awards the win to Jack's horse after all, but he cannot collect his winnings. Looloo is nice about it, but when she sees Jack handing money to Violet, she misunderstands his actions and spitefully decides to marry Michael. Michael hires some Frenchmen to kidnap Jack. Simon and Peter rescue him, Violet clears up his misunderstanding with Looloo, and just before the deadline, Jack and Looloo are married, winning the bet.