As a traditionalist, I sing this song regularly with the Shakespeare Mummers, which are based in Stratford-upon-Avon, as a finishing song to a mummers play. (As a singer of chorus songs with The Bold Heroes, I also occasionally sing it at pub bookings.) This was one of three songs which the Mummers use and which were used to be performed by the mummers sides in our area in the 1880s or so. The other two are: "Old Bob Ridley" and "Not For Joe".

"... somebody bet on de bay!"
Alan
Captain of Mummers