

The dealer pays out the bets on the winning horse and collects the bets on the others. The first horse to cross the finish line (which will happen when eight cards of that suit have been dealt) wins the race.

Each time a card is dealt, the horse of that suit moves one space to the right along the course. The dealer deals cards from the remainder of the deck one at a time face up onto a pile. Players now place their bets beside the Aces they wish to bet on. The dealer also determines the limit on the size of bets that are allowed. Some sources suggest the following odds, according to the number of cards of the suit that are showing: Clearly the more often a suit appears in the top row, the less likely it is that the horse of that suit will win. The odds need to be long enough to encourage the players to bet but short enough to give the dealer a reasonable chance to make a profit. If there are five or more cards of the same suit in the top row, the cards are reshuffled, cut and dealt again, since it would be impossible for the horse of that suit to win.

The cards are then shuffled and cut, and the dealer deals seven cards face up in a horizontal row along the top of the layout to mark out the course as shown in the diagram. The dealer extracts the four aces from the deck and places them in a column. The players will also need chips or money for betting. One standard 52-card pack without jokers is used. Roland Scheicher has suggested an alternative version of the game, Calcutta Horse Race, in which the horses are auctioned to the players at the start of each race and the owners of the first and second placed horses share the pool. In the traditional version of the game the dealer sets the odds, takes the players' bets and pays those who bet on the winner. At the start of the race players bet on the outcome.

The horses are represented by the four Aces that race along the course according to the suits of cards turned by the dealer. This is a gambling game for three or more players.
