Bret and Dandy Jim Buckley bet heavily on a boxing match but when their fighter withdraws it's up to Bret himself to step into the squared circle.

During a hellacious rainstorm the brothers Maverick relate to pal Dandy Jim Buckley about the time in Texas shortly after the Civil War when they searched far and wide for a tall man who could clear them of a murder charge.

Bart Maverick and two of his friends are charged with murder. The town's citizens demand a confession from one of the three men, or else all three men will be prosecuted. Bart falsely confesses to the murder, but help from his friend Dandy Jim Buckley exonerates him from the crime.

Good-hearted Bret lends a pal $200 for an ""honest"" transaction — which lands the pal in jail.

Bret, helpless against a crafty banker (John Dehner) who robbed him, bides his time — while Bart and friends set up an elaborate con game.