Each-way terms. Edition of 2026-09-08.
16 of the 37 races run on Tue 8 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 Tue 8 Sept: 37 UK and Irish races, 19 changes to the place terms, and 6 races paying above the bookmaker’s own ladder. 9 were seen before race day and 10 on the day. A further 21 readings recorded only a change in field size, which is a non-runner rather than the book moving. Of the 19 term changes, 8 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.
11 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a field that had already shrunk through non-runners, so they are mechanical adjustments rather than an offer being withdrawn.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, 09:00 UTC | Leicester 15:27 | 3 → 4 | 1/5 | 13 |
| Mon 7 Sept, 09:00 UTC | Leicester 16:02 | 3 → 4 | 1/4 → 1/5 | 14 |
| Mon 7 Sept, 09:00 UTC | Catterick 16:11 | 3 → 4 | 1/4 → 1/5 | 14 |
| Mon 7 Sept, 09:00 UTC | Goodwood 16:25 | 3 → 4 | 1/4 → 1/5 | 14 |
| Mon 7 Sept, 09:00 UTC | Catterick 16:46 | 3 → 4 | 1/5 | 13 |
| Mon 7 Sept, 09:00 UTC | Galway 16:53 | 4 → 5 | 1/4 → 1/5 | 18 |
| Mon 7 Sept, 09:00 UTC | Galway 18:00 | 3 → 4 | 1/4 → 1/5 | 14 |
| Mon 7 Sept, 09:00 UTC | Galway 19:00 | 4 → 5 | 1/4 → 1/5 | 18 |
| Mon 7 Sept, 16:00 UTC | Bangor-on-Dee 18:12 | 3 → 2 | 1/5 → 1/4 | 10 → 9 |
| Tue 8 Sept, 09:00 UTC | Catterick 17:51 | 3 → 2 | 1/5 → 1/4 | 10 → 9 |
| Tue 8 Sept, 10:00 UTC | Galway 16:18 | 3 → 2 | 1/5 → 1/4 | 11 → 9 |
| Tue 8 Sept, 10:00 UTC | Goodwood 17:00 | 3 → 2 | 1/5 → 1/4 | 10 → 9 |
| Tue 8 Sept, 11:00 UTC | Goodwood 14:40 | 2 → 1 | 1/4 → win only | 7 → 6 |
| Tue 8 Sept, 11:00 UTC | Leicester 16:32 | 3 → 2 | 1/5 → 1/4 | 9 |
| Tue 8 Sept, 11:00 UTC | Galway 16:53 | 5 → 4 | 1/5 | 16 |
| Tue 8 Sept, 12:00 UTC | Galway 19:00 | 5 → 4 | 1/5 | 18 → 17 |
| Tue 8 Sept, 13:00 UTC | Goodwood 14:05 | 3 → 2 | 1/5 → 1/4 | 10 → 9 |
| Tue 8 Sept, 14:00 UTC | Goodwood 15:50 | 2 → 1 | 1/4 → win only | 7 → 6 |
| Tue 8 Sept, 14:00 UTC | Goodwood 16:25 | 4 → 3 | 1/5 | 12 |
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 |
|---|---|---|---|---|
| Leicester 13:12 | 10 | 3 | 1/5 | 3 |
| Goodwood 13:30 | 5 | 1 | win only | 1 |
| Leicester 13:42 | 11 | 3 | 1/5 | 3 |
| Catterick 13:53 | 10 | 3 | 1/5 | 3 |
| Goodwood 14:05 (terms moved) | 9 | 2 | 1/4 | 2 |
| Leicester 14:17 | 11 | 3 | 1/5 | 3 |
| Catterick 14:28 | 8 | 2 | 1/4 | 2 |
| Goodwood 14:40 (terms moved) | 6 | 1 | win only | 1 |
| Leicester 14:52 | 12 | 3 | 1/5 | 3 |
| Catterick 15:03 | 11 | 3 | 1/5 | 3 |
| Goodwood 15:15 | 8 | 2 | 1/4 | 2 |
| Leicester 15:27 above ladder (terms moved) | 13 | 4 | 1/5 | 3 |
| Catterick 15:36 | 11 | 3 | 1/5 | 3 |
| Galway 15:43 | 7 | 2 | 1/4 | 2 |
| Goodwood 15:50 (terms moved) | 6 | 1 | win only | 1 |
| Leicester 16:02 above ladder (terms moved) | 13 | 4 | 1/5 | 3 |
| Catterick 16:11 above ladder (terms moved) | 14 | 4 | 1/5 | 3 |
| Galway 16:18 (terms moved) | 9 | 2 | 1/4 | 2 |
| Goodwood 16:25 (terms moved) | 12 | 3 | 1/5 | 3 |
| Leicester 16:32 (terms moved) | 9 | 2 | 1/4 | 2 |
| Bangor-on-Dee 16:38 | 7 | 2 | 1/4 | 2 |
| Catterick 16:46 above ladder (terms moved) | 13 | 4 | 1/5 | 3 |
| Galway 16:53 above ladder (terms moved) | 16 | 4 | 1/5 | 3 |
| Goodwood 17:00 (terms moved) | 9 | 2 | 1/4 | 2 |
| Leicester 17:07 | 11 | 3 | 1/5 | 3 |
| Bangor-on-Dee 17:12 | 6 | 1 | win only | 1 |
| Catterick 17:21 | 11 | 3 | 1/5 | 3 |
| Galway 17:30 | 14 | 3 | 1/5 | 3 |
| Bangor-on-Dee 17:42 | 10 | 3 | 1/5 | 3 |
| Catterick 17:51 (terms moved) | 8 | 2 | 1/4 | 2 |
| Galway 18:00 above ladder (terms moved) | 13 | 4 | 1/5 | 3 |
| Bangor-on-Dee 18:12 (terms moved) | 9 | 2 | 1/4 | 2 |
| Galway 18:30 | 18 | 4 | 1/5 | 4 |
| Bangor-on-Dee 18:42 | 8 | 2 | 1/4 | 2 |
| Galway 19:00 (terms moved) | 17 | 4 | 1/5 | 4 |
| Bangor-on-Dee 19:12 | 10 | 3 | 1/5 | 3 |
| Galway 19:30 | 19 | 3 | 1/5 | 4 |
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 3 days of collection; a later one is judged against more, and will look more generous for that reason alone.