Worm has a prison debt, and the threatening Grama (Michael Rispoli) wants the money. When she learns Mike has returned to the poker clubs, she moves out, and Mike begins to lose interest in his studies. She has good reason to worry, since it takes Worm only a matter of minutes to draw Mike back into poker action. Mike then turns away from cards, devoting his attentions to his law studies and his live-in girlfriend Jo (Gretchen Mol), who's concerned when Mike's former gambling buddy Worm (Edward Norton) is released from prison.
John Dahl directed this exploration of New York private clubs devoted to high-stakes poker, with first-person narration from the film's central figure, law student Mike McDermott (Matt Damon), who loses his entire savings to Russian club owner Teddy KGB (John Malkovich).