Each-way terms. Edition of 2026-09-28.
15 of the 45 races run on Mon 28 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 28 Sept: 45 UK and Irish races, 15 changes to the place terms, and 12 races paying above the bookmaker’s own ladder. 12 were seen before race day and 3 on the day. A further 27 readings recorded only a change in field size, which is a non-runner rather than the book moving. Of the 15 term changes, 3 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a field that had already shrunk through non-runners, so they are mechanical adjustments rather than an offer being withdrawn.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 |
|---|---|---|---|---|
| Sun 27 Sept, 08:00 UTC | Roscommon 14:10 | 4 → 5 | 1/4 → 1/5 | 21 |
| Sun 27 Sept, 08:00 UTC | Brighton 14:40 | 3 → 4 | 1/4 → 1/5 | 15 |
| Sun 27 Sept, 08:00 UTC | Roscommon 15:20 | 4 → 5 | 1/4 → 1/5 | 21 |
| Sun 27 Sept, 08:00 UTC | Hamilton 15:29 | 3 → 4 | 1/4 → 1/5 | 15 |
| Sun 27 Sept, 08:00 UTC | Down Royal 15:44 | 3 → 4 | 1/4 → 1/5 | 18 |
| Sun 27 Sept, 08:00 UTC | Roscommon 15:55 | 3 → 4 | 1/4 → 1/5 | 15 |
| Sun 27 Sept, 08:00 UTC | Down Royal 16:19 | 3 → 4 | 1/4 → 1/5 | 16 |
| Sun 27 Sept, 08:00 UTC | Brighton 16:27 | 3 → 4 | 1/4 → 1/5 | 14 |
| Sun 27 Sept, 08:00 UTC | Down Royal 16:50 | 3 → 4 | 1/4 → 1/5 | 17 |
| Sun 27 Sept, 08:00 UTC | Down Royal 17:25 | 3 → 4 | 1/4 → 1/5 | 19 |
| Sun 27 Sept, 08:00 UTC | Wolverhampton 18:30 | 3 → 4 | 1/4 → 1/5 | 14 |
| Sun 27 Sept, 08:00 UTC | Wolverhampton 19:30 | 3 → 4 | 1/4 → 1/5 | 15 |
| Mon 28 Sept, 07:00 UTC | Down Royal 13:24 | 3 → 2 | 1/5 → 1/4 | 10 → 9 |
| Mon 28 Sept, 10:00 UTC | Roscommon 16:30 | 2 → 1 | 1/4 → win only | 7 → 6 |
| Mon 28 Sept, 13:00 UTC | Wolverhampton 20:30 | 3 | 1/4 → 1/5 | 14 → 13 |
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 |
|---|---|---|---|---|
| Down Royal 13:24 (terms moved) | 8 | 2 | 1/4 | 2 |
| Brighton 13:30 | 11 | 3 | 1/5 | 3 |
| Roscommon 13:35 | 15 | 3 | 1/5 | 3 |
| Hamilton 13:44 | 8 | 2 | 1/4 | 2 |
| Newton Abbot 13:50 | 5 | 1 | win only | 1 |
| Down Royal 13:59 | 12 | 3 | 1/5 | 3 |
| Brighton 14:05 | 7 | 2 | 1/4 | 2 |
| Roscommon 14:10 above ladder (terms moved) | 18 | 5 | 1/5 | 3 |
| Hamilton 14:19 | 8 | 2 | 1/4 | 2 |
| Newton Abbot 14:25 | 8 | 2 | 1/4 | 2 |
| Down Royal 14:34 | 10 | 3 | 1/5 | 3 |
| Brighton 14:40 above ladder (terms moved) | 15 | 4 | 1/5 | 3 |
| Roscommon 14:45 | 17 | 3 | 1/5 | 3 |
| Hamilton 14:54 | 9 | 2 | 1/4 | 2 |
| Newton Abbot 15:00 | 6 | 1 | win only | 1 |
| Down Royal 15:09 | 11 | 3 | 1/5 | 3 |
| Brighton 15:15 | 12 | 3 | 1/5 | 3 |
| Roscommon 15:20 above ladder (terms moved) | 18 | 5 | 1/5 | 3 |
| Hamilton 15:29 above ladder (terms moved) | 15 | 4 | 1/5 | 3 |
| Newton Abbot 15:35 | 7 | 2 | 1/4 | 2 |
| Down Royal 15:44 above ladder (terms moved) | 16 | 4 | 1/5 | 3 |
| Brighton 15:50 | 9 | 2 | 1/4 | 2 |
| Roscommon 15:55 above ladder (terms moved) | 13 | 4 | 1/5 | 3 |
| Hamilton 16:04 | 11 | 3 | 1/5 | 3 |
| Newton Abbot 16:10 | 6 | 1 | win only | 1 |
| Down Royal 16:19 above ladder (terms moved) | 16 | 4 | 1/5 | 3 |
| Wolverhampton 16:22 | 12 | 3 | 1/5 | 3 |
| Brighton 16:27 above ladder (terms moved) | 13 | 4 | 1/5 | 3 |
| Roscommon 16:30 (terms moved) | 6 | 1 | win only | 1 |
| Hamilton 16:38 | 10 | 3 | 1/5 | 3 |
| Newton Abbot 16:43 | 9 | 2 | 1/4 | 2 |
| Down Royal 16:50 above ladder (terms moved) | 16 | 4 | 1/5 | 3 |
| Wolverhampton 16:55 | 13 | 3 | 1/5 | 3 |
| Brighton 17:00 | 10 | 3 | 1/5 | 3 |
| Roscommon 17:05 | 12 | 3 | 1/5 | 3 |
| Hamilton 17:13 | 12 | 3 | 1/5 | 3 |
| Down Royal 17:25 above ladder (terms moved) | 16 | 4 | 1/5 | 3 |
| Wolverhampton 17:30 | 9 | 2 | 1/4 | 2 |
| Roscommon 17:40 | 18 | 3 | 1/5 | 3 |
| Wolverhampton 18:00 | 13 | 3 | 1/5 | 3 |
| Wolverhampton 18:30 above ladder (terms moved) | 13 | 4 | 1/5 | 3 |
| Wolverhampton 19:00 | 12 | 3 | 1/5 | 3 |
| Wolverhampton 19:30 above ladder (terms moved) | 14 | 4 | 1/5 | 3 |
| Wolverhampton 20:00 | 10 | 3 | 1/5 | 3 |
| Wolverhampton 20:30 (terms moved) | 13 | 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 23 days of collection; a later one is judged against more, and will look more generous for that reason alone.