Axel Freed is a literature professor in New York City with a
gambling addiction that begins to spiral out of control. In the classroom, Freed inspires his college students with his interpretations of
Fyodor Dostoevsky's work. In his personal life, Axel has the affection of his beautiful girlfriend Billie and the admiration of his family, including his mother, Naomi, who is a doctor, and his grandfather, a wealthy businessman. Axel's gambling has left him with a huge debt. His bookie, a
mafioso known as Hips, likes the professor personally but threatens grave consequences if he does not pay it soon. When Billie, having been informed by Axel that he owes $44,000, questions the wisdom of her associating with him, Axel confidently tells her she loves his life's dangers, including "the possibility of blood". After obtaining the $44,000 from his disapproving mother, Axel goes with Billie to
Las Vegas and wins a small fortune, only to lose back his last $50,000 on a last-second, incredibly lucky shot in a
Lakers game. After winning $12,000 on a fixed Lakers game—a gift from another gambler—and paying it to the bookmaker, Axel is abducted by associates of the latter. The boss asks Axel if he has family who might help him pay. Axel mentions his grandfather and mother. The boss says he had asked the grandfather, who said no. Acting on an offer from the mob, Axel lures one of his students, a star on the college's basketball team, into
shaving points in his next game, so the mob can bet big on the game to cover Axel's debt. The student accepts his offer of $5,000. Having set that up, Axel visits his grandfather, who, near the end of their conversation, asks if Axel needs his help. Saying he has taken care of it, Axel leaves. Watching the game from the stands with three of the mob's bookmakers, Axel is saved by the bribed player's point shaving in the final minutes, which causes the team to win by only six points and thus not cover an eight-point
spread. Nixing a night of post-game celebration with Hips, Axel wanders off into a neighboring black
ghetto, as Hips warns him the place is a "jungle." At a ghetto bar, Axel meets a prostitute, and they go to an upstairs room of a hotel. Threatened by her pimp after refusing to pay her when she refuses to take off all her clothes, Axel eggs the pimp to cut him with his
switchblade. The pimp, thinking Axel crazy, backs off, and Axel repeatedly punches him, knocks him to the floor, and kicks him over and over. Frantic, the prostitute picks up the fallen blade and slashes Axel across the face. Bleeding from his facial wound, Axel staggers down the stairs, looks at himself in a mirror, and smiles enigmatically at his slashed cheek. ==Cast==