Each-way terms. Edition of 2026-10-09.
18 of the 47 races run on Fri 9 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 Fri 9 Oct: 47 UK and Irish races, 19 changes to the place terms, and 22 races paying above the bookmaker’s own ladder. 18 were seen before race day and 1 on the day. A further 41 readings recorded only a change in field size, which is a non-runner rather than the book moving. Of the 19 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.
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a field that had already shrunk through non-runners, so they are mechanical adjustments rather than an offer being withdrawn.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 |
|---|---|---|---|---|
| Thu 8 Oct, 12:00 UTC | York 13:30 | 4 → 5 | 1/4 → 1/5 | 20 |
| Thu 8 Oct, 12:00 UTC | Newmarket 16:10 | 3 → 4 | 1/5 | 16 |
| Thu 8 Oct, 12:00 UTC | Chepstow 16:17 | 3 → 4 | 1/4 → 1/5 | 17 |
| Thu 8 Oct, 12:00 UTC | York 16:25 | 4 → 5 | 1/4 → 1/5 | 20 |
| Thu 8 Oct, 12:00 UTC | Downpatrick 16:30 | 3 → 4 | 1/4 → 1/5 | 17 |
| Thu 8 Oct, 12:00 UTC | Kempton 16:38 | 3 → 4 | 1/4 → 1/5 | 14 |
| Thu 8 Oct, 12:00 UTC | Newmarket 16:45 | 3 → 4 | 1/5 | 19 |
| Thu 8 Oct, 12:00 UTC | Chepstow 16:55 | 3 → 4 | 1/4 → 1/5 | 17 |
| Thu 8 Oct, 12:00 UTC | York 17:00 | 4 → 5 | 1/4 → 1/5 | 24 |
| Thu 8 Oct, 12:00 UTC | Kempton 17:15 | 3 → 4 | 1/4 → 1/5 | 15 |
| Thu 8 Oct, 12:00 UTC | Newmarket 17:20 | 3 → 4 | 1/4 → 1/5 | 17 |
| Thu 8 Oct, 12:00 UTC | Downpatrick 17:37 | 3 → 4 | 1/4 → 1/5 | 16 |
| Thu 8 Oct, 12:00 UTC | Dundalk 18:00 | 3 → 4 | 1/4 → 1/5 | 17 |
| Thu 8 Oct, 12:00 UTC | Dundalk 18:30 | 3 → 4 | 1/4 → 1/5 | 16 |
| Thu 8 Oct, 12:00 UTC | Dundalk 19:00 | 3 → 4 | 1/4 → 1/5 | 19 |
| Thu 8 Oct, 12:00 UTC | Dundalk 19:30 | 3 → 4 | 1/4 → 1/5 | 19 |
| Thu 8 Oct, 12:00 UTC | Kempton 20:15 | 3 → 4 | 1/4 → 1/5 | 16 |
| Thu 8 Oct, 13:00 UTC | Kempton 19:45 | 3 → 2 | 1/5 → 1/4 | 10 → 9 |
| Fri 9 Oct, 11:00 UTC | York 16:25 | 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 |
|---|---|---|---|---|
| Newmarket 13:15 above ladder | 15 | 4 | 1/5 | 3 |
| Chepstow 13:22 | 12 | 3 | 1/5 | 3 |
| York 13:30 above ladder (terms moved) | 19 | 5 | 1/5 | 3 |
| Newmarket 13:50 above ladder | 16 | 4 | 1/5 | 3 |
| Chepstow 13:57 | 12 | 3 | 1/5 | 3 |
| York 14:05 above ladder | 16 | 4 | 1/5 | 3 |
| Downpatrick 14:13 | 11 | 3 | 1/5 | 3 |
| Newmarket 14:25 | 8 | 2 | 1/4 | 2 |
| Chepstow 14:32 | 9 | 2 | 1/4 | 2 |
| York 14:40 | 11 | 3 | 1/5 | 3 |
| Downpatrick 14:48 | 7 | 2 | 1/4 | 2 |
| Newmarket 14:57 | 10 | 3 | 1/5 | 3 |
| Chepstow 15:12 above ladder | 19 | 5 | 1/5 | 3 |
| York 15:18 | 7 | 2 | 1/4 | 2 |
| Downpatrick 15:23 | 10 | 3 | 1/5 | 3 |
| Newmarket 15:30 above ladder | 12 | 4 | 1/5 | 3 |
| Chepstow 15:43 | 13 | 3 | 1/5 | 3 |
| York 15:50 | 10 | 3 | 1/5 | 3 |
| Downpatrick 15:58 | 8 | 2 | 1/4 | 2 |
| Kempton 16:05 | 10 | 3 | 1/5 | 3 |
| Newmarket 16:10 above ladder (terms moved) | 15 | 4 | 1/5 | 3 |
| Chepstow 16:17 above ladder (terms moved) | 17 | 4 | 1/5 | 3 |
| York 16:25 above ladder (terms moved) | 16 | 4 | 1/5 | 3 |
| Downpatrick 16:30 above ladder (terms moved) | 16 | 4 | 1/5 | 3 |
| Kempton 16:38 above ladder (terms moved) | 12 | 4 | 1/5 | 3 |
| Newmarket 16:45 above ladder (terms moved) | 17 | 4 | 1/5 | 3 |
| Dundalk 16:50 | 16 | 3 | 1/5 | 3 |
| Chepstow 16:55 above ladder (terms moved) | 17 | 4 | 1/5 | 3 |
| York 17:00 above ladder (terms moved) | 22 | 5 | 1/5 | 4 |
| Downpatrick 17:05 | 10 | 3 | 1/5 | 3 |
| Kempton 17:15 above ladder (terms moved) | 15 | 4 | 1/5 | 3 |
| Newmarket 17:20 above ladder (terms moved) | 13 | 4 | 1/5 | 3 |
| Dundalk 17:25 | 16 | 3 | 1/5 | 3 |
| Chepstow 17:31 | 11 | 3 | 1/5 | 3 |
| Downpatrick 17:37 above ladder (terms moved) | 16 | 4 | 1/5 | 3 |
| Kempton 17:45 | 10 | 3 | 1/5 | 3 |
| Dundalk 18:00 above ladder (terms moved) | 16 | 4 | 1/5 | 3 |
| Kempton 18:15 | 12 | 3 | 1/5 | 3 |
| Dundalk 18:30 above ladder (terms moved) | 16 | 4 | 1/5 | 3 |
| Kempton 18:45 | 12 | 3 | 1/5 | 3 |
| Dundalk 19:00 above ladder (terms moved) | 15 | 4 | 1/5 | 3 |
| Kempton 19:15 | 12 | 3 | 1/5 | 3 |
| Dundalk 19:30 above ladder (terms moved) | 16 | 4 | 1/5 | 3 |
| Kempton 19:45 (terms moved) | 9 | 2 | 1/4 | 2 |
| Dundalk 20:00 | 9 | 2 | 1/4 | 2 |
| Kempton 20:15 above ladder (terms moved) | 13 | 4 | 1/5 | 3 |
| Dundalk 20:30 | 7 | 2 | 1/4 | 2 |
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 34 days of collection; a later one is judged against more, and will look more generous for that reason alone.