Lightning Jack Kane is an Australian outlaw in the wild west. During a bungled bank robbery he picks up mute Ben Doyle as a hostage. The two become good friends, with Jack teaching Ben how to rob banks, while they plan Jack's last heist.

At the heart of this true story is Damien Oliver, a young jockey who loses his only brother in a tragic racing accident, hauntingly reflecting of the way their father died 27 years earlier. After suffering through a series of discouraging defeats, Damien teams with Irish trainer Dermot Weld, and triumphs at the 2002 Melbourne Cup in one of the most thrilling finales in sporting history.

Jim Craig has lived his first 18 years in the mountains of Australia on his father's farm. The death of his father forces him to go to the lowlands to earn enough money to get the farm back on its feet.