Amos' lyrics were a great start. I've made a few corrections. I'm still unsure about three or so words, but that's life.

Losers

I blew my wad playing seven-card-stud
I was playing for money, they was playing for blood
On the way back home the big winner got mugged
Now he's just another loser like me

Losers, losers
I got took for my Hoosers
That shah got crowned
His growin' been bound,
He's just another loser like me

See that kid sitting back at the bar
He's picking up a storm on a Martin guitar
That poor fool thinks he's gonna be a star
He's just another loser like me

Losers, losers
Some are raggers, some are bluesers
Makin' disco sounds in a HoJo lounge
With a bunch of other losers like me

Love has busted up this cat for sure
He's crying like a baby at his baby's door
That poor fool don't know what he's crying for
He's just another loser like me

Losers, losers
Can't say no to cruisers
When she says "When he'll be back again?"
He's just another loser like me

There's a hobo up in heaven on the golden street
He'll panhandle every angel that he'll meet
He'd hock his harp for some Sneaky Pete
He's just another loser like me

Losers, losers
Some are dopers, some are boozers
All the muscatel is down in hell
He's just another loser like me

When God appeared to Saint John Wayne
He told him "Duke, I'm a-coming again
Life is just a wagon train
I'm glad you're not a loser like me"

Losers, losers
Ten gallon bruisers
From Genghis Khan to the Fuller Brush Man
They're just a bunch of losers like me