Slip and Sach are working for a local newspaper as a reporter and photographer, respectively. Slip wants to get the goods on a local gambling ring that is fixing sporting events, so he and Sach go undercover to expose the ring.
A man wins $50,000 in a card game with gamblers, but is soon found dead and the money missing. Slip and Sach find the money near where the body was discovered, and soon find themselves the target of both the police and the gamblers.
Slip has entered the Boys' rattletrap car in a souped-up jalopy race, but has no chance of winning until Satch, with the aid of a scientist acquaintance, comes up with a chemical concoction that acts as a super-fuel; but a rival entrant in the race learns of this and tries to get the formula for himself.
After Slip is drafted into the Marines, the rest of the gang volunteers so they can be with him. Sach discovers that the colonel knew his father and he is promoted.
Sach is the exact double of a famous French scientist who has invented a powerful rocket fuel. Enemy agents, mistaking Sach for the scientist, attempt to kidnap him and get the formula for the fuel.
An electric shock enables Sach to predict numbers, so the Bowery Boys are off to Las Vegas to win enough money at the roulette wheels to let their landlady buy an apartment building.
Slip, Sach and the rest of the Bowery Boys enter a haunted house, where they engage in slapstick wite
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