Search through the deck for the aces and remove them. Shuffle the deck. Place 7 cards facedown horizontally to represent the race track. Burn the next 5 cards (place them on the side). Place the four aces vertically underneath the starting card on the race track (closest card to the dealer).
Starting from the dealer and going clockwise, everyone bets a number of drinks on the ace of their choice. Record these bets on a sheet of paper.
The dealer then begins to announce the race, drawing one card at a time and advancing the ace that matches the suit of the card. This continues until one ace reaches the finish line.
At the end of the game, total up the bets made on all of the losing aces. Losing players must divvy up the drinking responsibilities and consume this many drinks.