Each-way terms. Edition of 2026-10-01.
15 of the 44 races run on Thu 1 Oct 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 Thu 1 Oct: 44 UK and Irish races, 17 changes to the place terms, and 10 races paying above the bookmaker’s own ladder. 13 were seen before race day and 4 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 17 term changes, 5 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.
5 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a field that had already shrunk through non-runners, so they are mechanical adjustments rather than an offer being withdrawn.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 |
|---|---|---|---|---|
| Wed 30 Sept, 09:00 UTC | Salisbury 16:55 | 3 | 1/4 → 1/5 | 14 → 13 |
| Wed 30 Sept, 10:00 UTC | Clonmel 13:49 | 3 → 4 | 1/4 → 1/5 | 14 |
| Wed 30 Sept, 10:00 UTC | Nottingham 14:33 | 3 → 4 | 1/4 → 1/5 | 14 |
| Wed 30 Sept, 10:00 UTC | Clonmel 15:34 | 3 → 4 | 1/4 → 1/5 | 14 |
| Wed 30 Sept, 10:00 UTC | Salisbury 15:49 | 3 → 4 | 1/4 → 1/5 | 16 |
| Wed 30 Sept, 10:00 UTC | Clonmel 16:09 | 4 → 5 | 1/4 → 1/5 | 21 |
| Wed 30 Sept, 10:00 UTC | Nottingham 16:18 | 3 → 4 | 1/4 → 1/5 | 16 |
| Wed 30 Sept, 10:00 UTC | Salisbury 16:24 | 3 → 4 | 1/4 → 1/5 | 15 |
| Wed 30 Sept, 10:00 UTC | Bellewstown 16:30 | 3 → 4 | 1/4 → 1/5 | 14 |
| Wed 30 Sept, 10:00 UTC | Nottingham 16:50 | 3 → 4 | 1/4 → 1/5 | 17 |
| Wed 30 Sept, 10:00 UTC | Bellewstown 17:05 | 3 → 4 | 1/4 → 1/5 | 15 |
| Wed 30 Sept, 10:00 UTC | Clonmel 17:17 | 4 → 5 | 1/4 → 1/5 | 21 |
| Wed 30 Sept, 14:00 UTC | Southwell 14:15 | 3 → 2 | 1/5 → 1/4 | 10 → 9 |
| Thu 1 Oct, 08:00 UTC | Nottingham 13:23 | 2 → 1 | 1/4 → win only | 7 → 6 |
| Thu 1 Oct, 08:00 UTC | Bellewstown 15:55 | 2 → 1 | 1/4 → win only | 7 → 6 |
| Thu 1 Oct, 10:00 UTC | Nottingham 14:33 | 4 → 3 | 1/5 | 12 |
| Thu 1 Oct, 16:00 UTC | Clonmel 17:17 | 5 → 4 | 1/5 | 18 → 17 |
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 |
|---|---|---|---|---|
| Bellewstown 13:00 | 7 | 2 | 1/4 | 2 |
| Nottingham 13:23 (terms moved) | 6 | 1 | win only | 1 |
| Salisbury 13:30 | 14 | 3 | 1/5 | 3 |
| Bellewstown 13:35 | 7 | 2 | 1/4 | 2 |
| Clonmel 13:49 above ladder (terms moved) | 14 | 4 | 1/5 | 3 |
| Nottingham 13:58 | 12 | 3 | 1/5 | 3 |
| Salisbury 14:04 | 14 | 3 | 1/5 | 3 |
| Bellewstown 14:10 | 11 | 3 | 1/5 | 3 |
| Southwell 14:15 (terms moved) | 8 | 2 | 1/4 | 2 |
| Clonmel 14:24 | 15 | 3 | 1/5 | 3 |
| Nottingham 14:33 (terms moved) | 12 | 3 | 1/5 | 3 |
| Salisbury 14:39 | 14 | 3 | 1/5 | 3 |
| Bellewstown 14:45 | 7 | 2 | 1/4 | 2 |
| Southwell 14:50 | 6 | 1 | win only | 1 |
| Clonmel 14:59 | 13 | 3 | 1/5 | 3 |
| Nottingham 15:08 | 9 | 2 | 1/4 | 2 |
| Salisbury 15:14 | 7 | 2 | 1/4 | 2 |
| Bellewstown 15:20 | 11 | 3 | 1/5 | 3 |
| Southwell 15:25 | 7 | 2 | 1/4 | 2 |
| Clonmel 15:34 above ladder (terms moved) | 13 | 4 | 1/5 | 3 |
| Nottingham 15:43 | 11 | 3 | 1/5 | 3 |
| Salisbury 15:49 above ladder (terms moved) | 16 | 4 | 1/5 | 3 |
| Bellewstown 15:55 (terms moved) | 5 | 1 | win only | 1 |
| Southwell 16:00 | 10 | 3 | 1/5 | 3 |
| Clonmel 16:09 above ladder (terms moved) | 18 | 5 | 1/5 | 3 |
| Nottingham 16:18 above ladder (terms moved) | 16 | 4 | 1/5 | 3 |
| Salisbury 16:24 above ladder (terms moved) | 14 | 4 | 1/5 | 3 |
| Bellewstown 16:30 above ladder (terms moved) | 13 | 4 | 1/5 | 3 |
| Southwell 16:35 | 10 | 3 | 1/5 | 3 |
| Clonmel 16:42 | 8 | 2 | 1/4 | 2 |
| Nottingham 16:50 above ladder (terms moved) | 17 | 4 | 1/5 | 3 |
| Salisbury 16:55 (terms moved) | 13 | 3 | 1/5 | 3 |
| Newcastle 17:00 | 13 | 3 | 1/5 | 3 |
| Bellewstown 17:05 above ladder (terms moved) | 13 | 4 | 1/5 | 3 |
| Southwell 17:10 | 5 | 1 | win only | 1 |
| Clonmel 17:17 above ladder (terms moved) | 17 | 4 | 1/5 | 3 |
| Salisbury 17:25 | 12 | 3 | 1/5 | 3 |
| Newcastle 17:30 | 7 | 2 | 1/4 | 2 |
| Newcastle 18:00 | 8 | 2 | 1/4 | 2 |
| Newcastle 18:30 | 12 | 3 | 1/5 | 3 |
| Newcastle 19:00 | 11 | 3 | 1/5 | 3 |
| Newcastle 19:30 | 12 | 3 | 1/5 | 3 |
| Newcastle 20:00 | 11 | 3 | 1/5 | 3 |
| Newcastle 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 26 days of collection; a later one is judged against more, and will look more generous for that reason alone.