A serial killer is stalking young, female strappers. No one knows who it is, why he's doing it, or who is likely to be next. The police and the race clubs seem powerless to do anything. The women are terrified and the union is threatening to go on strike and close down the entire racing industry unless security can be guaranteed and the killer caught.

Meanwhile, John Punter's got problems closer to home to worry about. There's a protection racket afoot and his restaurant Gino's is getting lent on. Then there's his new girlfriend Maxine. Everyone says she's trouble. She's the socialite daughter of a shock-jock announcer; the biggest rating name in radio and a major client of his father's stable. And he's made it clear he doesn't want Punter hanging around...

Back at the track, as the body count mounts, Punter finds himself involved in a desperate race against time to find a crazed killer.