The film, set in California, opens with Cosmo Vittelli (Ben Gazzara) making the final payment on a longstanding gambling debt to a sleazy loanshark (played by the film's producer Al Ruban). It turns out that the person who Vittelli had just repaid his debt to is associated with the mob and sets up Vittelli by bringing larger fish gangsters to Vittelli's artistic club. Vittelli and Mort (Seymour Cassel) share talk and conversation about the club ownership business, Vittelli orders Mort and his party bottles of Dom Perignon. Mort then sets Vittelli up by offering an open invitation to gamble at the mobster's club, all expenses paid, other than the gambling gains or losses. To celebrate his long-anticipated freedom, cabaret owner Vittelli has an expensive night out with his three favorite dancers ("Margo", "Rachael" and "Sherry"). The evening culminates in a poker game in which Vittelli loses $23,000 (2016, $97,500 equivalent) returning him to the debtor's position he had just left. Using the debt as leverage, his mob creditors coerce him into agreeing to perform a "hit" on a rival. Vittelli is led to believe that his target is a small-time criminal of minor consequence, the Chinese bookie of the film's title; but in fact, he is the boss of the Chinese mafia, "the heaviest cat on the West Coast." Vittelli manages to kill the man and several of his bodyguards, but is severely wounded before escaping.