Each-way terms. Edition of 2026-09-30.
16 of the 38 races run on Wed 30 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 Wed 30 Sept: 38 UK and Irish races, 16 changes to the place terms, and 10 races paying above the bookmaker’s own ladder. 11 were seen before race day and 5 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 16 term changes, 7 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.
6 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a field that had already shrunk through non-runners, so they are mechanical adjustments rather than an offer being withdrawn.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 |
|---|---|---|---|---|
| Tue 29 Sept, 08:00 UTC | Musselburgh 17:08 | 3 → 2 | 1/5 → 1/4 | 10 → 9 |
| Tue 29 Sept, 10:00 UTC | Bellewstown 14:40 | 3 → 4 | 1/4 → 1/5 | 20 |
| Tue 29 Sept, 10:00 UTC | Bellewstown 15:15 | 3 → 4 | 1/4 → 1/5 | 19 |
| Tue 29 Sept, 10:00 UTC | Musselburgh 15:58 | 3 → 4 | 1/4 → 1/5 | 14 |
| Tue 29 Sept, 10:00 UTC | Sligo 16:40 | 3 → 4 | 1/4 → 1/5 | 17 |
| Tue 29 Sept, 10:00 UTC | Kempton 16:55 | 3 → 4 | 1/4 → 1/5 | 15 |
| Tue 29 Sept, 10:00 UTC | Bellewstown 17:00 | 3 → 4 | 1/4 → 1/5 | 15 |
| Tue 29 Sept, 10:00 UTC | Sligo 17:50 | 3 → 4 | 1/4 → 1/5 | 15 |
| Tue 29 Sept, 10:00 UTC | Kempton 18:30 | 3 → 4 | 1/4 → 1/5 | 16 → 15 |
| Tue 29 Sept, 10:00 UTC | Kempton 19:00 | 3 → 4 | 1/4 → 1/5 | 16 |
| Tue 29 Sept, 10:00 UTC | Kempton 20:30 | 3 → 4 | 1/4 → 1/5 | 14 |
| Wed 30 Sept, 08:00 UTC | Sligo 14:20 | 2 → 1 | 1/4 → win only | 8 → 6 |
| Wed 30 Sept, 09:00 UTC | Sligo 15:30 | 3 → 2 | 1/5 → 1/4 | 10 → 9 |
| Wed 30 Sept, 10:00 UTC | Catterick 14:32 | 3 → 2 | 1/5 → 1/4 | 10 → 9 |
| Wed 30 Sept, 10:00 UTC | Catterick 17:55 | 3 → 2 | 1/5 → 1/4 | 10 → 9 |
| Wed 30 Sept, 11:00 UTC | Bellewstown 16:25 | 3 → 2 | 1/5 → 1/4 | 9 → 8 |
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 |
|---|---|---|---|---|
| Musselburgh 13:38 | 5 | 1 | win only | 1 |
| Catterick 13:57 | 8 | 2 | 1/4 | 2 |
| Bellewstown 14:05 | 10 | 3 | 1/5 | 3 |
| Musselburgh 14:13 | 8 | 2 | 1/4 | 2 |
| Sligo 14:20 (terms moved) | 4 | 1 | win only | 1 |
| Catterick 14:32 (terms moved) | 9 | 2 | 1/4 | 2 |
| Bellewstown 14:40 above ladder (terms moved) | 16 | 4 | 1/5 | 3 |
| Musselburgh 14:48 | 13 | 3 | 1/5 | 3 |
| Sligo 14:55 | 7 | 2 | 1/4 | 2 |
| Catterick 15:07 | 11 | 3 | 1/5 | 3 |
| Bellewstown 15:15 above ladder (terms moved) | 16 | 4 | 1/5 | 3 |
| Musselburgh 15:23 | 10 | 3 | 1/5 | 3 |
| Sligo 15:30 (terms moved) | 9 | 2 | 1/4 | 2 |
| Catterick 15:42 | 12 | 3 | 1/5 | 3 |
| Bellewstown 15:50 | 9 | 2 | 1/4 | 2 |
| Musselburgh 15:58 above ladder (terms moved) | 14 | 4 | 1/5 | 3 |
| Sligo 16:05 | 10 | 3 | 1/5 | 3 |
| Catterick 16:15 | 11 | 3 | 1/5 | 3 |
| Bellewstown 16:25 (terms moved) | 8 | 2 | 1/4 | 2 |
| Kempton 16:25 | 12 | 3 | 1/5 | 3 |
| Musselburgh 16:33 | 8 | 2 | 1/4 | 2 |
| Sligo 16:40 above ladder (terms moved) | 17 | 4 | 1/5 | 3 |
| Catterick 16:50 | 12 | 3 | 1/5 | 3 |
| Kempton 16:55 above ladder (terms moved) | 15 | 4 | 1/5 | 3 |
| Bellewstown 17:00 above ladder (terms moved) | 14 | 4 | 1/5 | 3 |
| Musselburgh 17:08 (terms moved) | 8 | 2 | 1/4 | 2 |
| Sligo 17:15 | 8 | 2 | 1/4 | 2 |
| Catterick 17:25 | 9 | 2 | 1/4 | 2 |
| Kempton 17:30 | 13 | 3 | 1/5 | 3 |
| Bellewstown 17:35 | 10 | 3 | 1/5 | 3 |
| Sligo 17:50 above ladder (terms moved) | 14 | 4 | 1/5 | 3 |
| Catterick 17:55 (terms moved) | 9 | 2 | 1/4 | 2 |
| Kempton 18:00 | 12 | 3 | 1/5 | 3 |
| Kempton 18:30 above ladder (terms moved) | 13 | 4 | 1/5 | 3 |
| Kempton 19:00 above ladder (terms moved) | 15 | 4 | 1/5 | 3 |
| Kempton 19:30 | 8 | 2 | 1/4 | 2 |
| Kempton 20:00 | 12 | 3 | 1/5 | 3 |
| Kempton 20:30 above ladder (terms moved) | 13 | 4 | 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 25 days of collection; a later one is judged against more, and will look more generous for that reason alone.