Each-way terms. Edition of 2026-09-29.
12 of the 39 races run on Tue 29 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 Tue 29 Sept: 39 UK and Irish races, 14 changes to the place terms, and 10 races paying above the bookmaker’s own ladder. 13 were seen before race day and 1 on the day. A further 19 readings recorded only a change in field size, which is a non-runner rather than the book moving.
2 races lost a place. 1 of those happened with the field at its largest observed size, which a non-runner does not explain.
When the place terms moved
| Seen at | Race | Places | Fraction | Field |
|---|---|---|---|---|
| Mon 28 Sept, 09:00 UTC | Bath 14:02 | 3 → 4 | 1/4 → 1/5 | 14 |
| Mon 28 Sept, 09:00 UTC | Bath 14:32 | 3 → 4 | 1/4 → 1/5 | 16 |
| Mon 28 Sept, 09:00 UTC | Bath 15:02 | 3 → 4 | 1/4 → 1/5 | 16 |
| Mon 28 Sept, 09:00 UTC | Cork 15:25 | 4 → 5 | 1/4 → 1/5 | 22 |
| Mon 28 Sept, 09:00 UTC | Bath 16:02 | 3 → 4 | 1/4 → 1/5 | 14 |
| Mon 28 Sept, 09:00 UTC | Ayr 16:08 | 3 → 4 | 1/5 | 13 |
| Mon 28 Sept, 09:00 UTC | Wolverhampton 16:30 | 3 → 4 | 1/4 → 1/5 | 15 |
| Mon 28 Sept, 09:00 UTC | Bath 16:35 | 3 → 4 | 1/4 → 1/5 | 14 |
| Mon 28 Sept, 09:00 UTC | Cork 17:25 | 4 → 5 | 1/4 → 1/5 | 23 |
| Mon 28 Sept, 09:00 UTC | Wolverhampton 18:00 | 3 → 4 | 1/5 | 13 |
| Mon 28 Sept, 09:00 UTC | Wolverhampton 19:00 | 3 → 4 | 1/4 → 1/5 | 14 |
| Mon 28 Sept, 09:00 UTC | Wolverhampton 19:30 | 3 → 4 | 1/5 | 13 |
| Mon 28 Sept, 16:00 UTC | Wolverhampton 18:00 | 4 → 3 | 1/5 | 13 |
| Tue 29 Sept, 10:00 UTC | Bath 14:02 | 4 → 3 | 1/5 | 12 |
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 |
|---|---|---|---|---|
| Cork 13:55 | 14 | 3 | 1/5 | 3 |
| Bath 14:02 (terms moved) | 12 | 3 | 1/5 | 3 |
| Ayr 14:08 | 10 | 3 | 1/5 | 3 |
| Sedgefield 14:15 | 9 | 2 | 1/4 | 2 |
| Cork 14:25 | 8 | 2 | 1/4 | 2 |
| Bath 14:32 above ladder (terms moved) | 15 | 4 | 1/5 | 3 |
| Ayr 14:38 | 8 | 2 | 1/4 | 2 |
| Sedgefield 14:45 | 9 | 2 | 1/4 | 2 |
| Cork 14:55 | 11 | 3 | 1/5 | 3 |
| Bath 15:02 above ladder (terms moved) | 14 | 4 | 1/5 | 3 |
| Ayr 15:08 | 11 | 3 | 1/5 | 3 |
| Sedgefield 15:15 | 6 | 1 | win only | 1 |
| Cork 15:25 above ladder (terms moved) | 21 | 5 | 1/5 | 4 |
| Bath 15:32 | 8 | 2 | 1/4 | 2 |
| Ayr 15:38 | 12 | 3 | 1/5 | 3 |
| Sedgefield 15:45 | 10 | 3 | 1/5 | 3 |
| Cork 15:55 | 13 | 3 | 1/5 | 3 |
| Bath 16:02 above ladder (terms moved) | 14 | 4 | 1/5 | 3 |
| Ayr 16:08 above ladder (terms moved) | 13 | 4 | 1/5 | 3 |
| Sedgefield 16:15 | 7 | 2 | 1/4 | 2 |
| Cork 16:25 | 16 | 3 | 1/5 | 3 |
| Wolverhampton 16:30 above ladder (terms moved) | 15 | 4 | 1/5 | 3 |
| Bath 16:35 above ladder (terms moved) | 14 | 4 | 1/5 | 3 |
| Ayr 16:40 | 10 | 3 | 1/5 | 3 |
| Sedgefield 16:45 | 5 | 1 | win only | 1 |
| Cork 16:55 | 11 | 3 | 1/5 | 3 |
| Wolverhampton 17:00 | 8 | 2 | 1/4 | 2 |
| Bath 17:07 | 12 | 3 | 1/5 | 3 |
| Ayr 17:13 | 9 | 2 | 1/4 | 2 |
| Cork 17:25 above ladder (terms moved) | 20 | 5 | 1/5 | 3 |
| Wolverhampton 17:30 | 12 | 3 | 1/5 | 3 |
| Bath 17:37 | 11 | 3 | 1/5 | 3 |
| Wolverhampton 18:00 (terms moved) | 12 | 3 | 1/5 | 3 |
| Bath 18:07 | 8 | 2 | 1/4 | 2 |
| Wolverhampton 18:30 | 10 | 3 | 1/5 | 3 |
| Wolverhampton 19:00 above ladder (terms moved) | 13 | 4 | 1/5 | 3 |
| Wolverhampton 19:30 above ladder (terms moved) | 13 | 4 | 1/5 | 3 |
| Wolverhampton 20:00 | 10 | 3 | 1/5 | 3 |
| Wolverhampton 20:30 | 10 | 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 24 days of collection; a later one is judged against more, and will look more generous for that reason alone.