Professional horsewoman Ann Dvorak is the Racing Lady in this hit-and-miss romantic comedy. The story begins breaking into a trot when millionaire auto tycoon Steven Wendel (Smith Ballew) (later a movie "singing cowboy") purchases a thoroughbred horse and engages the services of Ruth Martin (Dvorak) as a trainer. She begins to fall in love with Steven, but renounces him upon discovering that his "affection" for horses is motivated by his desire for publicity. Harry Carey, no stranger to horseflesh himself, co-stars as Dvorak's crusty father. The Ann Dvorak-Smith Ballew combination in Racing Lady proved unsatisfactory, with Dvorak handily out-acting her stiff-necked co-star throughout the picture.