Each-way terms. Edition of 2026-09-16.
10 of the 35 races run on Wed 16 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 16 Sept: 35 UK and Irish races, 12 changes to the place terms, and 7 races paying above the bookmaker’s own ladder. 9 were seen before race day and 3 on the day. A further 15 readings recorded only a change in field size, which is a non-runner rather than the book moving. Of the 12 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.
3 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a field that had already shrunk through non-runners, so they are mechanical adjustments rather than an offer being withdrawn.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 15 Sept, 13:00 UTC | Sandown 13:45 | 3 → 4 | 1/4 → 1/5 | 14 |
| Tue 15 Sept, 13:00 UTC | Yarmouth 13:56 | 3 → 4 | 1/4 → 1/5 | 14 |
| Tue 15 Sept, 13:00 UTC | Sandown 16:05 | 3 → 4 | 1/4 → 1/5 | 14 |
| Tue 15 Sept, 13:00 UTC | Yarmouth 16:12 | 3 → 4 | 1/4 → 1/5 | 15 |
| Tue 15 Sept, 13:00 UTC | Beverley 16:18 | 3 → 4 | 1/4 → 1/5 | 14 |
| Tue 15 Sept, 13:00 UTC | Clonmel 17:05 | 3 → 4 | 1/4 → 1/5 | 16 |
| Tue 15 Sept, 13:00 UTC | Yarmouth 17:15 | 3 → 4 | 1/4 → 1/5 | 15 |
| Tue 15 Sept, 13:00 UTC | Clonmel 18:10 | 3 → 4 | 1/4 → 1/5 | 16 |
| Tue 15 Sept, 13:00 UTC | Clonmel 18:43 | 3 → 4 | 1/4 → 1/5 | 14 |
| Wed 16 Sept, 09:00 UTC | Sandown 16:05 | 4 → 3 | 1/5 | 14 → 12 |
| Wed 16 Sept, 10:00 UTC | Sandown 13:45 | 4 → 3 | 1/5 | 12 |
| Wed 16 Sept, 10:00 UTC | Clonmel 19:13 | 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 |
|---|---|---|---|---|
| Sandown 13:45 (terms moved) | 12 | 3 | 1/5 | 3 |
| Yarmouth 13:56 above ladder (terms moved) | 14 | 4 | 1/5 | 3 |
| Beverley 14:08 | 12 | 3 | 1/5 | 3 |
| Sandown 14:20 | 9 | 2 | 1/4 | 2 |
| Yarmouth 14:31 | 10 | 3 | 1/5 | 3 |
| Beverley 14:43 | 7 | 2 | 1/4 | 2 |
| Sandown 14:55 | 10 | 3 | 1/5 | 3 |
| Yarmouth 15:06 | 9 | 2 | 1/4 | 2 |
| Beverley 15:18 | 11 | 3 | 1/5 | 3 |
| Sandown 15:30 | 12 | 3 | 1/5 | 3 |
| Yarmouth 15:41 | 13 | 3 | 1/5 | 3 |
| Beverley 15:48 | 15 | 3 | 1/5 | 3 |
| Clonmel 16:00 | 10 | 3 | 1/5 | 3 |
| Sandown 16:05 (terms moved) | 12 | 3 | 1/5 | 3 |
| Yarmouth 16:12 above ladder (terms moved) | 13 | 4 | 1/5 | 3 |
| Beverley 16:18 above ladder (terms moved) | 14 | 4 | 1/5 | 3 |
| Kelso 16:25 | 10 | 3 | 1/5 | 3 |
| Clonmel 16:35 | 9 | 2 | 1/4 | 2 |
| Sandown 16:40 | 11 | 3 | 1/5 | 3 |
| Yarmouth 16:45 | 10 | 3 | 1/5 | 3 |
| Beverley 16:50 | 10 | 3 | 1/5 | 3 |
| Kelso 16:55 | 4 | 1 | win only | 1 |
| Clonmel 17:05 above ladder (terms moved) | 16 | 4 | 1/5 | 3 |
| Sandown 17:10 | 13 | 3 | 1/5 | 3 |
| Yarmouth 17:15 above ladder (terms moved) | 14 | 4 | 1/5 | 3 |
| Beverley 17:20 | 12 | 3 | 1/5 | 3 |
| Kelso 17:25 | 7 | 2 | 1/4 | 2 |
| Clonmel 17:35 | 11 | 3 | 1/5 | 3 |
| Beverley 17:50 | 12 | 3 | 1/5 | 3 |
| Kelso 17:55 | 6 | 1 | win only | 1 |
| Clonmel 18:10 above ladder (terms moved) | 16 | 4 | 1/5 | 3 |
| Kelso 18:25 | 5 | 1 | win only | 1 |
| Clonmel 18:43 above ladder (terms moved) | 13 | 4 | 1/5 | 3 |
| Kelso 18:55 | 7 | 2 | 1/4 | 2 |
| Clonmel 19:13 (terms moved) | 9 | 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 11 days of collection; a later one is judged against more, and will look more generous for that reason alone.