It's the Depression time and car maker Charles Howard is trying to rebuild his life after the tragic death of his only child and the resulting end of his first marriage. With second wife Marcela at his side, Charles wants to get into horse racing and ends up with a team of underdogs. The first is trainer Tom Smith, who has a natural instinct to spot the capabilities of horses. The second is the horse Tom chooses for Charles, Seabiscuit, an unconventional choice as Seabiscuit is small at fifteen and a half hands tall with a slight limp. And third is the jockey they decide to hire, Johnny "Red" Pollard, so nicknamed because of his hair color. Like Tom, Red has always shown a natural way with horses, but a difficult upbringing due solely to the Depression has made Red an angry young man, which has gotten him into trouble both on and off the track. All three of them are called crazy by those in traditional horse racing circles. Against the odds, Seabiscuit, with his human team behind him, does show his winning abilities and captures the imagination of all those others wanting to believe in a dream. But Seabiscuit's victories are at smaller races. As such, Charles aims high and wants Seabiscuit to race Triple Crown winner War Admiral. If given the chance to race against War Admiral, will Seabiscuit and his team continue to keep the dreams of the common Americans alive?