The Red Devils, a professional ice hockey team, owned by Jack Monohan (Steve Brodie), is in the midst of a long losing streak, due to bribes being accepted from gamblers by the star player. When the team is joined by cocky Mike Connors (Stanley Clements), a boyhood friend of Jack's, they begin to regain their former winning ways. Mike becomes a star who cannot be stopped, but is disliked by his teammates becuase of his selfish play. Jack tries to keek Mike away from his sister Margaret (Barbara Bestar), who is in love with him, which leads to a bloody fight between the two men. The angry Mike accepts a bribe from gambler Rocky Gilbratar (Lyle Talbot) to throw the big final game. But during the game, an appeal from a young boy who idolizes him, Davey (Duncan Richardson), sets Mike on the right road, and his unselfish play helps win the game.

Jack Monohan's professional ice hockey team, the Red Devils, never wins a game, which results in Jack becoming indebted to a gambling ring run by Rocky Gibraltar, Benny Brown and Brutus Allen. The syndicate, which has been bribing Red Devils player Nelson to throw the games, only makes money when the team loses. However, the Red Devils start to win after Jack hires his childhood friend, Mike Connors, to play for the team. Although Mike's teammates dislike him because of his intolerable ego, Jack's younger sister Margaret, who has just graduated from finishing school, falls in love with Mike despite his attempts to convince her that he is not worthy of her affection. When Jack learns about Margaret's romance he beats up Mike, unaware that his friend has behaved honorably. After Nelson's duplicity is revealed and he is fired by Jack, Mike is approached by Gibraltar, Brown and Allen to throw the next game, and he accepts their bribe. However, during the game Mike is persuaded to help the team by a young fan named Davey. As a result, Mike's newfound zeal helps the Red Devils win, thereby earning Jack's trust and Margaret's love.