Baazi is an action family drama that revolves around an honest cop, Police Inspector Ajay Sharma (Dharmendra), who lives a wealthy lifestyle with his wife Asha (Rekha) and two kids. However, due to continuous opposition from his seniors, Ajay is forced to give up his job and move to his hometown with his parents and join their business. Sometime later, Ajay goes to a casino with his friend Salim Khan (Mithun Chakraborty) are shocked to see how the casino owner treats the customers. It is then, Ajay and Salim decide to stand against the injustice and revolt against the owner. Ajay’s action makes him and his family the target of dreaded criminals and smugglers. Will Ajay be able to protect his family against these dangerous men?