Lyrics:

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

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

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

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

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

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

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