The lyrics for the youtube version:

My usual occupation is to mold and temper clay
Last year I turned to betting and I found it wouldn't pay
I ran me dog in Wexford Park and I ran him in Ballystraw
In the latter race he lost the race when he stopped to lick his paw

I ran me dog in Thurles and I ran him in Tralee
He ran in Enniscorthy and again in Carberry
He won a race in Thurles but he lost one in Athlone
He'd have run away with the race that day but he stopped to lick a bone

Bad luck to gambling I'm in an awful fix
Out of four pound six and eight pence all I have is one and six
We'll go down to Shea's or Kenny's and we'll drink a glass of grog
And we'll go home around Dunbrody singin' Murphy's Runnin' Dog

Now you'd hear him yell a mile away when he is in the slips
And when the hare he sees, he shakes his knees and smacks his lips
Now I think Compile's about a mile and if my dog don't lose
'Tis off we'll start to Matty Hart's and then go on the booze

We will order two half barrels to be tapped upon the bridge
And upon the wall we'll drink it all, from there we will not budge
And we'll sing the praise of Wexford's craze with Cherries' beer and grog
And we'll banish care I do declare for Murphy's Runnin' Dog

Bad luck to gambling I'm in an awful fix
Out of four pound six and eight pence all I have is one and six
We'll go down to Shea's or Kenny's and we'll drink a glass of grog
And we'll go home around Dunbrody singin' Murphy's Runnin' Dog

Now I ran me dog in Liverpool and I ran him in Listowel
In the Edenderry Sweepstakes he came home in a stroll
But on Roscommon's cloddy sod no winning form he found
For those western dogs were cut-out clogs and trod him in the ground

Then I ran me dog in Dublin on the 23rd of June
And as I brought him to the slips he licked the magic spoon
Not even Johnson's Motor Car would outpace him that day
And we drank 20 crates of Guinness Stout before we came away

Bad luck to gambling I'm in an awful fix
Out of four pound six and eight pence all I have is one and six
We'll go down to Shea's or Kenny's and we'll drink a glass of grog
And we'll go home around Dunbrody singin' Murphy's Runnin' Dog

Now, I hope you're not offended by this song that I've sung here
For I long to see the committee and stewards do well next year
So bring your true love to Kilmarnock boys and if my greyhound wins
We will dance all night till the broad daylight in Costello's of Saltmills

Bad luck to gambling I'm in an awful fix
Out of four pound six and eight pence all I have is one and a kick
We'll go down to Shea's or Kenny's and we'll drink a glass of grog
And we'll go home around Dunbrody singin' Murphy's Runnin' Dog