Each-way terms. Edition of 2026-09-09.
12 of the 37 races run on Wed 9 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 Wed 9 Sept: 37 UK and Irish races, 13 changes to the place terms, and 7 races paying above the bookmaker’s own ladder. 11 were seen before race day and 2 on the day. A further 29 readings recorded only a change in field size, which is a non-runner rather than the book moving. Of the 13 term changes, 2 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.
2 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a field that had already shrunk through non-runners, so they are mechanical adjustments rather than an offer being withdrawn.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 |
|---|---|---|---|---|
| Tue 8 Sept, 09:00 UTC | Redcar 13:51 | 4 → 5 | 1/4 → 1/5 | 20 |
| Tue 8 Sept, 09:00 UTC | Carlisle 15:47 | 3 → 4 | 1/4 → 1/5 | 15 |
| Tue 8 Sept, 09:00 UTC | Redcar 16:24 | 4 → 5 | 1/4 → 1/5 | 19 |
| Tue 8 Sept, 09:00 UTC | Redcar 16:54 | 4 → 5 | 1/4 → 1/5 | 22 |
| Tue 8 Sept, 09:00 UTC | Kempton 17:00 | 3 → 4 | 1/4 → 1/5 | 16 |
| Tue 8 Sept, 09:00 UTC | Cork 17:10 | 4 → 5 | 1/4 → 1/5 | 27 |
| Tue 8 Sept, 09:00 UTC | Kempton 18:00 | 3 → 4 | 1/4 → 1/5 | 16 |
| Tue 8 Sept, 09:00 UTC | Cork 18:15 | 4 → 5 | 1/4 → 1/5 | 27 |
| Tue 8 Sept, 09:00 UTC | Cork 19:15 | 4 → 5 | 1/4 → 1/5 | 23 |
| Tue 8 Sept, 09:00 UTC | Kempton 19:30 | 3 → 4 | 1/4 → 1/5 | 16 |
| Tue 8 Sept, 09:00 UTC | Kempton 20:00 | 3 → 4 | 1/4 → 1/5 | 14 |
| Wed 9 Sept, 08:00 UTC | Redcar 13:51 | 5 → 4 | 1/5 | 19 → 17 |
| Wed 9 Sept, 13:00 UTC | Sedgefield 14:30 | 3 → 2 | 1/5 → 1/4 | 10 → 9 |
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 |
|---|---|---|---|---|
| Redcar 13:21 | 10 | 3 | 1/5 | 3 |
| Redcar 13:51 (terms moved) | 17 | 4 | 1/5 | 4 |
| Sedgefield 14:00 | 7 | 2 | 1/4 | 2 |
| Carlisle 14:12 | 15 | 3 | 1/5 | 3 |
| Redcar 14:21 | 12 | 3 | 1/5 | 3 |
| Sedgefield 14:30 (terms moved) | 9 | 2 | 1/4 | 2 |
| Carlisle 14:42 | 12 | 3 | 1/5 | 3 |
| Redcar 14:51 | 13 | 3 | 1/5 | 3 |
| Sedgefield 15:00 | 5 | 1 | win only | 1 |
| Carlisle 15:12 | 14 | 3 | 1/5 | 3 |
| Redcar 15:21 | 11 | 3 | 1/5 | 3 |
| Sedgefield 15:30 | 10 | 3 | 1/5 | 3 |
| Carlisle 15:47 above ladder (terms moved) | 14 | 4 | 1/5 | 3 |
| Redcar 15:54 | 11 | 3 | 1/5 | 3 |
| Sedgefield 16:00 | 7 | 2 | 1/4 | 2 |
| Cork 16:10 | 7 | 2 | 1/4 | 2 |
| Carlisle 16:17 | 13 | 3 | 1/5 | 3 |
| Redcar 16:24 above ladder (terms moved) | 18 | 5 | 1/5 | 4 |
| Sedgefield 16:30 | 7 | 2 | 1/4 | 2 |
| Cork 16:40 | 10 | 3 | 1/5 | 3 |
| Carlisle 16:47 | 12 | 3 | 1/5 | 3 |
| Redcar 16:54 (terms moved) | 21 | 5 | 1/5 | 5 |
| Kempton 17:00 above ladder (terms moved) | 16 | 4 | 1/5 | 3 |
| Sedgefield 17:05 | 5 | 1 | win only | 1 |
| Cork 17:10 (terms moved) | 24 | 5 | 1/5 | 5 |
| Carlisle 17:17 | 12 | 3 | 1/5 | 3 |
| Kempton 17:30 | 13 | 3 | 1/5 | 3 |
| Cork 17:45 | 19 | 3 | 1/5 | 4 |
| Kempton 18:00 above ladder (terms moved) | 15 | 4 | 1/5 | 3 |
| Cork 18:15 (terms moved) | 24 | 5 | 1/5 | 5 |
| Kempton 18:30 | 8 | 2 | 1/4 | 2 |
| Cork 18:45 | 20 | 3 | 1/5 | 4 |
| Kempton 19:00 | 10 | 3 | 1/5 | 3 |
| Cork 19:15 above ladder (terms moved) | 20 | 5 | 1/5 | 4 |
| Kempton 19:30 above ladder (terms moved) | 16 | 4 | 1/5 | 3 |
| Kempton 20:00 above ladder (terms moved) | 14 | 4 | 1/5 | 3 |
| Kempton 20:30 | 8 | 2 | 1/4 | 2 |
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 4 days of collection; a later one is judged against more, and will look more generous for that reason alone.