Each-way terms. Edition of 2026-09-27.
3 of the 23 races run on Sun 27 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 Sun 27 Sept: 23 UK and Irish races, 3 changes to the place terms, and 3 races paying above the bookmaker’s own ladder. All of them were seen on race day. A further 19 readings recorded only a change in field size, which is a non-runner rather than the book moving. Of the 3 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a field that had already shrunk through non-runners, so they are mechanical adjustments rather than an offer being withdrawn.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 |
|---|---|---|---|---|
| Sun 27 Sept, 07:00 UTC | Ffos Las 14:24 | 2 → 1 | 1/4 → win only | 7 → 6 |
| Sun 27 Sept, 10:00 UTC | Curragh 16:55 | 4 → 3 | 1/5 | 13 → 12 |
| Sun 27 Sept, 10:00 UTC | Curragh 17:30 | 6 → 5 | 1/5 | 21 |
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 |
|---|---|---|---|---|
| Ffos Las 13:19 above ladder | 13 | 4 | 1/5 | 3 |
| Curragh 13:25 | 15 | 3 | 1/5 | 3 |
| Epsom 13:37 | 10 | 3 | 1/5 | 3 |
| Ffos Las 13:49 | 10 | 3 | 1/5 | 3 |
| Curragh 14:00 | 11 | 3 | 1/5 | 3 |
| Epsom 14:12 | 7 | 2 | 1/4 | 2 |
| Ffos Las 14:24 (terms moved) | 6 | 1 | win only | 1 |
| Curragh 14:35 | 10 | 3 | 1/5 | 3 |
| Epsom 14:47 | 8 | 2 | 1/4 | 2 |
| Ffos Las 14:59 | 7 | 2 | 1/4 | 2 |
| Curragh 15:10 | 14 | 3 | 1/5 | 3 |
| Epsom 15:22 above ladder | 15 | 4 | 1/5 | 3 |
| Ffos Las 15:34 | 7 | 2 | 1/4 | 2 |
| Curragh 15:45 | 10 | 3 | 1/5 | 3 |
| Epsom 15:57 | 7 | 2 | 1/4 | 2 |
| Ffos Las 16:09 | 11 | 3 | 1/5 | 3 |
| Curragh 16:20 | 32 | 6 | 1/5 | 6 |
| Epsom 16:32 | 10 | 3 | 1/5 | 3 |
| Ffos Las 16:44 | 12 | 3 | 1/5 | 3 |
| Curragh 16:55 (terms moved) | 12 | 3 | 1/5 | 3 |
| Epsom 17:07 | 12 | 3 | 1/5 | 3 |
| Ffos Las 17:19 | 7 | 2 | 1/4 | 2 |
| Curragh 17:30 above ladder (terms moved) | 20 | 5 | 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 22 days of collection; a later one is judged against more, and will look more generous for that reason alone.