During the 1860s, Dave Powers, apprentice to a horse trainer, volunteers to ride Archer to the Melbourne Cup race. Their start is 600 miles from Melbourne, and the journey is anything but easy. Of course, the pair have numerous adventures along the way, and in the end Archer competes in the Melbourne Cup race.
In 1830s England, a young man from a good but troubled family is unjustly convicted of stealing a watch. He's transported to Van Diemen's Land where he suffers under the enmity of Lt. Frere while falling in love with Sylvia, the Warden's daughter. Meanwhile, back in England, an imposter lays claim to the young man's inheritance.