Kaiji Itou is a bum who steals car emblems and slashes tires on what seems to be a regular basis. His routine changes one day when he is paid a visit by a man in a trench-coat. The two start conversing, it seems the visitor (Endou) is a debt collector. The reason for the visit is an unpaid loan which Kaiji had previously co-signed for a work-mate (Takeshi Furuhata). The original loan was 30000 yen ($300 US$) and once Takeshi had disappeared, the loan then fell on Kaiji. Kaiji is then told of a way to clear the interest compounded debt (now at 3,850,000 yen), which involved getting on a boat with others in his position. Once on the boat the debtors would then have to gamble with loaned money, which would end with a few winning, and others getting into deeper debt and having to work to pay of their debts. After some coercing Kaiji accepts a position on the boat, in order to clear himself and make a bit of money for himself.
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