| Black diamond was a race horse, he held a high head
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| And the mane on his fore top is as fine as silk thread
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| I rode him in Texas, I rode him in Maine
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| And I never did lose boys, I always did gain
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| Come all of you good gamblers from far and near
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| She’s likely to stumble, she’s likely to fall
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| And you"ll find old Black Diamond ahead of them all
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| Come all of you gamblers from far and wide
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| And lay down your money when the Black Diamond rides
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| Sit tight in your saddle, let slack on your rein
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| You never will lose boys, you always will gain
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| When the horses went racing, about half way 'round
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| The gray mare she stumbled, and fell to the ground
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| And away out yonder ahead of the rest
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| Was my noble Black Diamond, the finest and best
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| California’s races has good ponies, too
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| But I rode my Black Diamond and around them we flew
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| Kentucky breeds horses that hold a good pace
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| But I rode my Black Diamond and won every race
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| Florida’s green pastures has champions to boast
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| But they follow behind when we come to the post
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| I stroked his black mane and I chuckled and laughed
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| The others were trailing by a neck and a half
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| I win my good money and fill up my sack
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| 'Cause it’s always Black Diamond that’s first down the track
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| So bet him to win Boys, you never will fail
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| 'Cause it’s always Black Diamond comes first down the rail
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| This life is a gamble, it’s a win, lose or draw
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| So I make love and gamble wherever I go
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| I’m friendly to strangers, and I love a good girl
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| And I love my Black Diamond, the best in the world |