Each-way terms. Edition of 2026-09-19.
19 of the 53 races run on Sat 19 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 Sat 19 Sept: 53 UK and Irish races, 24 changes to the place terms, and 16 races paying above the bookmaker’s own ladder. 14 were seen before race day and 10 on the day. A further 59 readings recorded only a change in field size, which is a non-runner rather than the book moving. Of the 24 term changes, 9 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.
9 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a field that had already shrunk through non-runners, so they are mechanical adjustments rather than an offer being withdrawn.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 |
|---|---|---|---|---|
| Fri 18 Sept, 09:00 UTC | Navan 13:42 | 3 → 4 | 1/4 → 1/5 | 17 |
| Fri 18 Sept, 09:00 UTC | Newmarket 14:25 | 3 → 4 | 1/4 → 1/5 | 17 |
| Fri 18 Sept, 09:00 UTC | Navan 14:52 | 4 → 5 | 1/4 → 1/5 | 21 |
| Fri 18 Sept, 09:00 UTC | Navan 15:26 | 4 → 5 | 1/4 → 1/5 | 21 |
| Fri 18 Sept, 09:00 UTC | Chester 15:46 | 3 → 4 | 1/4 → 1/5 | 16 → 15 |
| Fri 18 Sept, 09:00 UTC | Newbury 15:55 | 4 → 5 | 1/4 → 1/5 | 22 |
| Fri 18 Sept, 09:00 UTC | Newcastle 16:10 | 3 → 4 | 1/4 → 1/5 | 16 |
| Fri 18 Sept, 09:00 UTC | Chester 16:17 | 3 → 4 | 1/4 → 1/5 | 15 |
| Fri 18 Sept, 09:00 UTC | Navan 16:35 | 4 | 1/4 → 1/5 | 21 |
| Fri 18 Sept, 09:00 UTC | Ayr 16:50 | 3 → 4 | 1/4 → 1/5 | 16 |
| Fri 18 Sept, 09:00 UTC | Gowran Park 17:02 | 4 → 5 | 1/4 → 1/5 | 18 |
| Fri 18 Sept, 09:00 UTC | Newmarket 17:30 | 3 → 4 | 1/4 → 1/5 | 16 |
| Fri 18 Sept, 09:00 UTC | Gowran Park 17:37 | 4 → 5 | 1/4 → 1/5 | 21 |
| Fri 18 Sept, 10:00 UTC | Navan 16:35 | 4 → 5 | 1/5 | 21 |
| Sat 19 Sept, 08:00 UTC | Gowran Park 14:41 | 3 → 2 | 1/5 → 1/4 | 10 → 9 |
| Sat 19 Sept, 10:00 UTC | Chester 17:25 | 3 | 1/4 → 1/5 | 14 → 13 |
| Sat 19 Sept, 11:00 UTC | Newbury 13:37 | 4 → 3 | 1/5 | 12 |
| Sat 19 Sept, 11:00 UTC | Newbury 16:30 | 3 → 2 | 1/5 → 1/4 | 10 → 9 |
| Sat 19 Sept, 11:00 UTC | Ayr 16:50 | 4 → 3 | 1/5 | 14 → 12 |
| Sat 19 Sept, 14:00 UTC | Ayr 15:05 | 3 → 2 | 1/5 → 1/4 | 10 → 7 |
| Sat 19 Sept, 14:00 UTC | Ayr 16:15 | 3 → 2 | 1/5 → 1/4 | 11 → 9 |
| Sat 19 Sept, 14:00 UTC | Newbury 16:30 | 2 → 1 | 1/4 → win only | 8 → 6 |
| Sat 19 Sept, 14:00 UTC | Navan 16:35 | 5 → 4 | 1/5 | 18 → 17 |
| Sat 19 Sept, 15:00 UTC | Gowran Park 17:02 | 5 → 4 | 1/5 | 16 |
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 |
|---|---|---|---|---|
| Newbury 13:02 | 13 | 3 | 1/5 | 3 |
| Navan 13:07 | 18 | 3 | 1/5 | 3 |
| Newmarket 13:15 | 9 | 2 | 1/4 | 2 |
| Ayr 13:20 above ladder | 16 | 4 | 1/5 | 3 |
| Newbury 13:37 (terms moved) | 11 | 3 | 1/5 | 3 |
| Navan 13:42 above ladder (terms moved) | 15 | 4 | 1/5 | 3 |
| Newmarket 13:50 | 11 | 3 | 1/5 | 3 |
| Ayr 13:55 | 8 | 2 | 1/4 | 2 |
| Chester 14:00 | 10 | 3 | 1/5 | 3 |
| Gowran Park 14:06 | 10 | 3 | 1/5 | 3 |
| Newbury 14:12 | 10 | 3 | 1/5 | 3 |
| Navan 14:17 | 18 | 3 | 1/5 | 3 |
| Newmarket 14:25 above ladder (terms moved) | 16 | 4 | 1/5 | 3 |
| Ayr 14:30 above ladder | 25 | 6 | 1/5 | 5 |
| Chester 14:35 | 13 | 3 | 1/5 | 3 |
| Gowran Park 14:41 (terms moved) | 9 | 2 | 1/4 | 2 |
| Newbury 14:47 above ladder | 13 | 4 | 1/5 | 3 |
| Navan 14:52 above ladder (terms moved) | 18 | 5 | 1/5 | 3 |
| Newmarket 15:00 | 11 | 3 | 1/5 | 3 |
| Ayr 15:05 (terms moved) | 7 | 2 | 1/4 | 2 |
| Chester 15:10 | 11 | 3 | 1/5 | 3 |
| Gowran Park 15:15 | 14 | 3 | 1/5 | 3 |
| Newbury 15:20 | 10 | 3 | 1/5 | 3 |
| Navan 15:26 above ladder (terms moved) | 18 | 5 | 1/5 | 3 |
| Ayr 15:40 above ladder | 26 | 6 | 1/5 | 5 |
| Newmarket 15:45 | 11 | 3 | 1/5 | 3 |
| Chester 15:46 above ladder (terms moved) | 13 | 4 | 1/5 | 3 |
| Gowran Park 15:50 | 14 | 3 | 1/5 | 3 |
| Newbury 15:55 above ladder (terms moved) | 18 | 5 | 1/5 | 3 |
| Navan 16:02 | 17 | 3 | 1/5 | 3 |
| Newcastle 16:10 above ladder (terms moved) | 13 | 4 | 1/5 | 3 |
| Ayr 16:15 (terms moved) | 7 | 2 | 1/4 | 2 |
| Chester 16:17 above ladder (terms moved) | 13 | 4 | 1/5 | 3 |
| Newmarket 16:20 | 8 | 2 | 1/4 | 2 |
| Gowran Park 16:25 | 13 | 3 | 1/5 | 3 |
| Newbury 16:30 (terms moved) | 5 | 1 | win only | 1 |
| Navan 16:35 above ladder (terms moved) | 17 | 4 | 1/5 | 3 |
| Newcastle 16:45 | 13 | 3 | 1/5 | 3 |
| Ayr 16:50 (terms moved) | 11 | 3 | 1/5 | 3 |
| Chester 16:52 | 10 | 3 | 1/5 | 3 |
| Newmarket 16:55 | 12 | 3 | 1/5 | 3 |
| Gowran Park 17:02 above ladder (terms moved) | 16 | 4 | 1/5 | 3 |
| Navan 17:12 | 15 | 3 | 1/5 | 3 |
| Newcastle 17:20 | 12 | 3 | 1/5 | 3 |
| Chester 17:25 (terms moved) | 12 | 3 | 1/5 | 3 |
| Newmarket 17:30 above ladder (terms moved) | 16 | 4 | 1/5 | 3 |
| Gowran Park 17:37 above ladder (terms moved) | 18 | 5 | 1/5 | 3 |
| Newcastle 17:55 | 8 | 2 | 1/4 | 2 |
| Newcastle 18:30 | 12 | 3 | 1/5 | 3 |
| Newcastle 19:00 | 12 | 3 | 1/5 | 3 |
| Newcastle 19:30 | 11 | 3 | 1/5 | 3 |
| Newcastle 20:00 | 12 | 3 | 1/5 | 3 |
| Newcastle 20:30 | 12 | 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 14 days of collection; a later one is judged against more, and will look more generous for that reason alone.