Each-way terms. Edition of 2026-09-07.
4 of the 36 races run on Mon 7 Sept had their terms changed
We read Paddy Power’s published each-way terms once an hour, from the morning before the race. This is the record for the races run on Mon 7 Sept: 36 UK and Irish races, 4 changes to the place terms, and 6 races paying above the bookmaker’s own ladder. All of them were seen on race day. A further 16 readings recorded only a change in field size, which is a non-runner rather than the book moving. Of the 4 term changes, 4 happened at the same moment the field changed, so those may be the field crossing a step of the ladder rather than a decision about the offer.
4 races lost a place. Every one of them followed a field that had already shrunk through non-runners, so they are mechanical adjustments rather than an offer being withdrawn.
When the place terms moved
| Seen at | Race | Places | Fraction | Field |
|---|---|---|---|---|
| Mon 7 Sept, 08:00 UTC | Windsor 16:45 | 3 → 2 | 1/5 → 1/4 | 10 → 9 |
| Mon 7 Sept, 08:00 UTC | Galway 18:41 | 3 → 2 | 1/5 → 1/4 | 10 → 9 |
| Mon 7 Sept, 09:00 UTC | Perth 14:50 | 2 → 1 | 1/4 → win only | 7 → 6 |
| Mon 7 Sept, 09:00 UTC | Perth 15:50 | 2 → 1 | 1/4 → win only | 7 → 6 |
The day and hour are when we saw the change, not when it was made: we read on the hour, so a change shown at 10:00 happened some time after 09:00.
Every race that day
| Race | Field | Places | Fraction | House ladder |
|---|---|---|---|---|
| Newton Abbot 14:00 | 9 | 2 | 1/4 | 2 |
| Windsor 14:12 | 15 | 4 | 1/5 | 4 |
| Perth 14:20 | 4 | 1 | win only | 1 |
| Newton Abbot 14:30 | 8 | 2 | 1/4 | 2 |
| Windsor 14:42 | 16 | 3 | 1/5 | 3 |
| Perth 14:50 (terms moved) | 6 | 1 | win only | 1 |
| Newton Abbot 15:00 | 7 | 2 | 1/4 | 2 |
| Windsor 15:12 | 16 | 4 | 1/5 | 4 |
| Perth 15:20 | 10 | 3 | 1/5 | 3 |
| Newton Abbot 15:30 | 9 | 2 | 1/4 | 2 |
| Windsor 15:42 | 11 | 3 | 1/5 | 3 |
| Perth 15:50 (terms moved) | 6 | 1 | win only | 1 |
| Newton Abbot 16:00 | 6 | 1 | win only | 1 |
| Galway 16:07 | 22 | 3 | 1/5 | 4 |
| Windsor 16:15 | 9 | 2 | 1/4 | 2 |
| Perth 16:20 | 12 | 3 | 1/5 | 3 |
| Newton Abbot 16:30 | 7 | 2 | 1/4 | 2 |
| Galway 16:38 | 22 | 5 | 1/5 | 5 |
| Windsor 16:45 (terms moved) | 9 | 2 | 1/4 | 2 |
| Perth 16:50 | 10 | 3 | 1/5 | 3 |
| Wolverhampton 16:57 | 9 | 2 | 1/4 | 2 |
| Newton Abbot 17:02 | 10 | 3 | 1/5 | 3 |
| Galway 17:09 | 10 | 3 | 1/5 | 3 |
| Windsor 17:15 above ladder | 13 | 4 | 1/5 | 3 |
| Wolverhampton 17:30 above ladder | 13 | 4 | 1/5 | 3 |
| Galway 17:41 | 21 | 5 | 1/5 | 5 |
| Wolverhampton 18:00 | 9 | 2 | 1/4 | 2 |
| Galway 18:11 | 21 | 5 | 1/5 | 5 |
| Wolverhampton 18:30 | 6 | 1 | win only | 1 |
| Galway 18:41 (terms moved) | 8 | 2 | 1/4 | 2 |
| Wolverhampton 19:00 above ladder | 14 | 4 | 1/5 | 3 |
| Galway 19:11 above ladder | 13 | 4 | 1/5 | 3 |
| Wolverhampton 19:30 above ladder | 13 | 4 | 1/5 | 3 |
| Galway 19:41 | 20 | 3 | 1/5 | 4 |
| Wolverhampton 20:00 above ladder | 14 | 4 | 1/5 | 3 |
| Wolverhampton 20:30 | 11 | 3 | 1/5 | 3 |
Race times are BST. “House ladder” is the fewest places we have ever seen this bookmaker pay for a field of that size in a race of that type, derived from our own collection and cut at this edition’s date — not the classic each-way table, which they do not follow.
This count is not comparable with a later edition’s. The ladder is the fewest places we have ever seen, so it can only fall as we collect more, and “above the ladder” rises with it. This edition was judged against 2 days of collection; a later one is judged against more, and will look more generous for that reason alone.