Outback Steakhouse's Dipping Sauce

1/2 cup mayonnaise
2 teaspoons ketchup
2 teaspoons creamy horseradish
1/4 teaspoon paprika
1/4 teaspoon salt
1/8 teaspoon oregano
1 dash black pepper
1 dash cayenne pepper

Blend well and let sit 2 hours to overnight in the fridge.