[Verse 1]
Oh Stewball was a racehorse
And I wish he were mine
He never drank water
He always drank wine

[Verse 2]
His bridle was silver
His mane it was gold
And the worth of his saddle
Has never been told

[Verse 3]
Oh the fairgrounds were crowded
And Stewball was there
But the betting was heavy
On the bay and the mare

[Verse 4]
And a-way up yonder
Ahead of them all
Came a-prancin' and a-dancin'
My noble Stewball

[Verse 5]
I bet on the grey mare
I bet on the bay
If I'd have bet on ol' Stewball
I'd be a free man today
[Verse 6]
Oh the hoot owl, she hollered
And the turtle dove moaned
I'm a poor boy in trouble
I'm a long way from home

[Verse 7]
Oh Stewball was a racehorse
And I wish he were mine
He never drank water
He always drank wine