I thought I was a gambler
  Broke ev'ry shark in town
  Until I met a rounder
  Who called all I put down
  We laid the cards on the table
  He drew an ace high hand
  He bet his watch and I called it
  And lost my money like a man
  
  (Chorus)
  I've got them polka dot blues, oh, them polka dot blues
  Lost my hat and my coat and my straight-laced shoes
  Sold my watch and went back to lose
  The mean old gambling polka dot blues
  
  Now my gal had plenty, so I got twenty
  Then went back and sat down
  I got a four but thought it was more
  As we dealt the cards around
  I sat the deck on the table
  Bet him all I could stand
  I turned it over a measly four
  He had another ace high hand
  
  (Repeat chorus)