Joe possesses a remarkable skill for precision throwing and can make dice show whatever number he wants when he rolls them. Joining a high-stakes game of craps, he uses this talent to win several thousand dollars before confronting the table's "Big Gambler," a pale figure hidden beneath a dark hat and long coat. This man bankrupts all the other players with his own brand of precision throwing, and Joe loses all his money upon accidentally rolling a double-six. Instead of ending the game at this point, however, the Big Gambler offers to bet all his winnings, plus the world and everything in it, against Joe's life and soul. By now, Joe has come to believe that he is facing off against Death incarnate.
Joe rolls the dice and gets snake eyes, losing the bet. He prepares to kill himself by diving into the table, having learned that it is an entrance to some kind of deep shaft filled with intense heat, but instead leaps across and tackles the Big Gambler. The latter's body crumbles on impact and Joe is thrown out of the club, though he manages to steal a handful of casino chips before this happens.
Out on the sidewalk, he finds that he has held onto a piece of the Big Gambler's skull, which looks suspiciously like a piece of pastry. Tasting it, he realizes that it is in fact made of bread--the same bread his wife was putting in to bake when he left the house that night. The table he jumped across was connected to her oven as a channel for its heat, and she had created the Big Gambler as a means of humiliating him.
The stolen chips prove to be Communion wafers, as evidenced by the cross imprinted on each one. Now free of his wife's influence and with a pocketful of food, he goes home "the long way, around the world."