Each-way terms. Edition of 2026-09-14.
7 of the 29 races run on Mon 14 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 14 Sept: 29 UK and Irish races, 7 changes to the place terms, and 7 races paying above the bookmaker’s own ladder. All of them were seen before race day. A further 7 readings recorded only a change in field size, which is a non-runner rather than the book moving. Of the 7 term changes, 1 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.
When the place terms moved
| Seen at | Race | Places | Fraction | Field |
|---|---|---|---|---|
| Sun 13 Sept, 09:00 UTC | Windsor 13:42 | 3 → 4 | 1/4 → 1/5 | 15 |
| Sun 13 Sept, 09:00 UTC | Thirsk 14:21 | 3 → 4 | 1/4 → 1/5 | 14 |
| Sun 13 Sept, 09:00 UTC | Thirsk 14:51 | 4 → 5 | 1/4 → 1/5 | 19 |
| Sun 13 Sept, 09:00 UTC | Windsor 15:42 | 3 → 4 | 1/4 → 1/5 | 16 |
| Sun 13 Sept, 09:00 UTC | Windsor 17:12 | 3 → 4 | 1/4 → 1/5 | 14 |
| Sun 13 Sept, 09:00 UTC | Thirsk 17:21 | 3 → 4 | 1/4 → 1/5 | 15 → 14 |
| Sun 13 Sept, 09:00 UTC | Kempton 20:30 | 3 → 4 | 1/4 → 1/5 | 14 |
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 |
|---|---|---|---|---|
| Windsor 13:42 above ladder (terms moved) | 14 | 4 | 1/5 | 3 |
| Sedgefield 14:00 | 5 | 1 | win only | 1 |
| Windsor 14:12 | 12 | 3 | 1/5 | 3 |
| Thirsk 14:21 above ladder (terms moved) | 14 | 4 | 1/5 | 3 |
| Sedgefield 14:30 | 9 | 2 | 1/4 | 2 |
| Windsor 14:42 | 8 | 2 | 1/4 | 2 |
| Thirsk 14:51 above ladder (terms moved) | 18 | 5 | 1/5 | 3 |
| Sedgefield 15:00 | 7 | 2 | 1/4 | 2 |
| Windsor 15:12 | 9 | 2 | 1/4 | 2 |
| Thirsk 15:21 | 6 | 1 | win only | 1 |
| Sedgefield 15:30 | 7 | 2 | 1/4 | 2 |
| Windsor 15:42 above ladder (terms moved) | 15 | 4 | 1/5 | 3 |
| Thirsk 15:51 | 13 | 3 | 1/5 | 3 |
| Sedgefield 16:00 | 12 | 3 | 1/5 | 3 |
| Windsor 16:12 | 11 | 3 | 1/5 | 3 |
| Thirsk 16:21 | 12 | 3 | 1/5 | 3 |
| Sedgefield 16:30 | 12 | 3 | 1/5 | 3 |
| Windsor 16:42 | 13 | 3 | 1/5 | 3 |
| Thirsk 16:51 | 11 | 3 | 1/5 | 3 |
| Kempton 17:00 | 4 | 1 | win only | 1 |
| Windsor 17:12 above ladder (terms moved) | 14 | 4 | 1/5 | 3 |
| Thirsk 17:21 above ladder (terms moved) | 14 | 4 | 1/5 | 3 |
| Kempton 17:30 | 12 | 3 | 1/5 | 3 |
| Kempton 18:00 | 12 | 3 | 1/5 | 3 |
| Kempton 18:30 | 11 | 3 | 1/5 | 3 |
| Kempton 19:00 | 10 | 3 | 1/5 | 3 |
| Kempton 19:30 | 11 | 3 | 1/5 | 3 |
| Kempton 20:00 | 11 | 3 | 1/5 | 3 |
| Kempton 20:30 above ladder (terms moved) | 14 | 4 | 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 9 days of collection; a later one is judged against more, and will look more generous for that reason alone.