The film opens in 1969, with the young Chun being purchased by master gambler Kent. The story then switches to 1986, as Chun's future bodyguard, Lone Ng, proves his mettle by single-handedly dispatching eleven attackers. Impressed by his abilities, cocky Sister Seven (who once encountered Chun as a child but hasn't seen him since) hires Lone and the pair meet up with Chun at a card game one night. A "God of Gamblers" competition is going to be held to find the individual qualified to run South East Asia's casinos and Kent chooses Chun over his other two experts, Hing and Ngo, to represent him. Chun is deeply in love with Hing and Ngo openly resents him for it. During the tournament finals, Chun is betrayed and this sets the stage for the sort of classic, high stakes finale these films are famous for.
A prequel to the two previous entries in the "God of Gamblers" saga, this drama follows the apprenticeship of the unbeatable cardsharp Ko Chun. The story begins as his stepfather Kent, one of the world's greatest gamblers, enters him in a competition and then betrays him by arranging things so his godson beats Ko. The young card player vows revenge, and, with the help of a powerful triad's daughter and an undercover policeman, he heads out to get it.