Each-way terms. Edition of 2026-09-17.
17 of the 39 races run on Thu 17 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 Thu 17 Sept: 39 UK and Irish races, 19 changes to the place terms, and 15 races paying above the bookmaker’s own ladder. 17 were seen before race day and 2 on the day. A further 23 readings recorded only a change in field size, which is a non-runner rather than the book moving. Of the 19 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.
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a field that had already shrunk through non-runners, so they are mechanical adjustments rather than an offer being withdrawn.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 |
|---|---|---|---|---|
| Wed 16 Sept, 09:00 UTC | Ayr 14:00 | 4 → 5 | 1/4 → 1/5 | 23 |
| Wed 16 Sept, 09:00 UTC | Pontefract 14:08 | 3 → 4 | 1/4 → 1/5 | 14 |
| Wed 16 Sept, 09:00 UTC | Yarmouth 14:15 | 3 → 4 | 1/4 → 1/5 | 14 |
| Wed 16 Sept, 09:00 UTC | Naas 15:22 | 3 → 4 | 1/4 → 1/5 | 16 |
| Wed 16 Sept, 09:00 UTC | Ayr 15:30 | 3 → 4 | 1/4 → 1/5 | 15 |
| Wed 16 Sept, 09:00 UTC | Yarmouth 15:45 | 3 → 4 | 1/4 → 1/5 | 14 |
| Wed 16 Sept, 09:00 UTC | Ayr 16:00 | 3 → 4 | 1/4 → 1/5 | 15 |
| Wed 16 Sept, 09:00 UTC | Southwell 16:20 | 3 → 4 | 1/4 → 1/5 | 15 |
| Wed 16 Sept, 09:00 UTC | Naas 16:25 | 3 → 4 | 1/4 → 1/5 | 16 |
| Wed 16 Sept, 09:00 UTC | Ayr 16:30 | 3 → 4 | 1/4 → 1/5 | 16 |
| Wed 16 Sept, 09:00 UTC | Yarmouth 16:45 | 3 → 4 | 1/4 → 1/5 | 15 |
| Wed 16 Sept, 09:00 UTC | Southwell 16:50 | 3 → 4 | 1/4 → 1/5 | 16 |
| Wed 16 Sept, 09:00 UTC | Ayr 17:01 | 3 → 4 | 1/4 → 1/5 | 14 → 13 |
| Wed 16 Sept, 09:00 UTC | Pontefract 17:08 | 3 → 4 | 1/4 → 1/5 | 14 |
| Wed 16 Sept, 09:00 UTC | Yarmouth 17:15 | 3 → 4 | 1/4 → 1/5 | 17 |
| Wed 16 Sept, 09:00 UTC | Southwell 19:30 | 3 → 4 | 1/4 → 1/5 | 16 |
| Wed 16 Sept, 09:00 UTC | Southwell 20:00 | 3 → 4 | 1/4 → 1/5 | 14 |
| Thu 17 Sept, 07:00 UTC | Yarmouth 14:15 | 4 → 3 | 1/5 | 12 |
| Thu 17 Sept, 07:00 UTC | Yarmouth 15:45 | 4 → 3 | 1/5 | 11 |
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 |
|---|---|---|---|---|
| Ayr 13:30 | 12 | 3 | 1/5 | 3 |
| Naas 13:50 | 23 | 3 | 1/5 | 3 |
| Ayr 14:00 above ladder (terms moved) | 22 | 5 | 1/5 | 4 |
| Pontefract 14:08 above ladder (terms moved) | 14 | 4 | 1/5 | 3 |
| Yarmouth 14:15 (terms moved) | 12 | 3 | 1/5 | 3 |
| Naas 14:22 | 14 | 3 | 1/5 | 3 |
| Ayr 14:30 | 9 | 2 | 1/4 | 2 |
| Pontefract 14:38 | 8 | 2 | 1/4 | 2 |
| Yarmouth 14:45 | 11 | 3 | 1/5 | 3 |
| Naas 14:52 | 10 | 3 | 1/5 | 3 |
| Ayr 15:00 | 13 | 3 | 1/5 | 3 |
| Pontefract 15:08 | 7 | 2 | 1/4 | 2 |
| Yarmouth 15:15 | 10 | 3 | 1/5 | 3 |
| Naas 15:22 above ladder (terms moved) | 16 | 4 | 1/5 | 3 |
| Ayr 15:30 above ladder (terms moved) | 14 | 4 | 1/5 | 3 |
| Pontefract 15:38 | 8 | 2 | 1/4 | 2 |
| Yarmouth 15:45 (terms moved) | 11 | 3 | 1/5 | 3 |
| Naas 15:52 | 12 | 3 | 1/5 | 3 |
| Ayr 16:00 above ladder (terms moved) | 15 | 4 | 1/5 | 3 |
| Pontefract 16:08 | 12 | 3 | 1/5 | 3 |
| Yarmouth 16:15 | 12 | 3 | 1/5 | 3 |
| Southwell 16:20 above ladder (terms moved) | 14 | 4 | 1/5 | 3 |
| Naas 16:25 above ladder (terms moved) | 15 | 4 | 1/5 | 3 |
| Ayr 16:30 above ladder (terms moved) | 16 | 4 | 1/5 | 3 |
| Pontefract 16:38 | 8 | 2 | 1/4 | 2 |
| Yarmouth 16:45 above ladder (terms moved) | 15 | 4 | 1/5 | 3 |
| Southwell 16:50 above ladder (terms moved) | 15 | 4 | 1/5 | 3 |
| Naas 16:56 | 17 | 3 | 1/5 | 3 |
| Ayr 17:01 above ladder (terms moved) | 13 | 4 | 1/5 | 3 |
| Pontefract 17:08 above ladder (terms moved) | 13 | 4 | 1/5 | 3 |
| Yarmouth 17:15 above ladder (terms moved) | 16 | 4 | 1/5 | 3 |
| Southwell 17:25 | 6 | 1 | win only | 1 |
| Naas 17:32 | 13 | 3 | 1/5 | 3 |
| Southwell 18:00 | 13 | 3 | 1/5 | 3 |
| Southwell 18:30 | 11 | 3 | 1/5 | 3 |
| Southwell 19:00 | 7 | 2 | 1/4 | 2 |
| Southwell 19:30 above ladder (terms moved) | 14 | 4 | 1/5 | 3 |
| Southwell 20:00 above ladder (terms moved) | 14 | 4 | 1/5 | 3 |
| Southwell 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 12 days of collection; a later one is judged against more, and will look more generous for that reason alone.