Rainsford, a big game hunter, is sailing on a yacht in the Caribbean. He falls overboard and lands on Ship Trap island.
Climax
Rainsford finds a large mansion owned by General Zaroff, a wealthy Russian Cossack. Zaroff eventually reveals that he hunts humans on the island. Rainsford refuses to join him, and so becomes the general's next quarry.
Falling Action
Rainsford must survive three days to win his freedom. He sets 3 traps to outwit Zaroff, Ivan, and the bloodthirsty hounds. He eventually kills Ivan and one of the dogs.
Resolution / Denouement
Cornered, Rainsford jumps off a cliff into the ocean. He survives and, having won the game, he waits for Zaroff in his house.
Rainsford ambushes Zaroff in his room, and the men duel. Presumably, Zaroff dies and makes a meal for the hounds.
With Zaroff presumably dead, Rainsford is now the head hunter of the island. He falls asleep in Zaroff's bed, deciding "he had never slept in a better bed."