No Risk, No Gain is 1990 Hong Kong comedy film directed by Jimmy Heung and Taylor Wong and starring Alan Tam, Andy Lau and Natalis Chan. It is the second installment of the Casino Raiders series.

Plot

Cheung San-ho forces Ray to Macau to compete with him in gambling and has Ray to go to Macau to wait for his arrival. Coming back from the United States to Hong Kong in search of his cousin, he was swindled by con artists Big Dee and Leslie Mo, who take his gambling stake and VIP card (an identification given by Cheung to Ray). The two counterfeit Ray's supreme identity (Leslie acts as Ray while Big Dee acts as his bodyguard) to Macau for gambling. Not long later, Ray catches up and catches them, but decided to let Leslie impersonate him. Unexpectedly, Yeung Sing and Yeung Chun have evil intentions, planning to murder the three of them and then frame Cheung. When Yeung Sing brings his three henchmen to kill them, Yeung Chun and Cheung arrive, and Chun kills Sing. Cheung apologises to Ray for this incident, while Ray suggests Big Dee and Leslie take part in the gambling competition, to which Cheung agrees. During the final round of the competition, due to Cheung and Ray's rivalry for snipe and the clam, it allows Big Dee to get all the spoils of a small card to become the big winner. But after the game, Yeung Chun reveals his true self: he wanted to takes his boss Cheung's spot and hired Big Fool to kill him, but Big Fool did not listen to Chun because he is actually Ray's longtime friend. In the end, Yeung Chun gets his punishment. After that, Ray returns to the United States while Big Dee makes a deal with him that, a year later, he will truly beat Ray again at the gambling table.