Each-way terms. Edition of 2026-10-11.
6 of the 30 races run on Sun 11 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 Sun 11 Oct: 30 UK and Irish races, 7 changes to the place terms, and 12 races paying above the bookmaker’s own ladder. All of them were seen on race day. A further 14 readings recorded only a change in field size, which is a non-runner rather than the book moving. Of the 7 term changes, 6 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a field that had already shrunk through non-runners, so they are mechanical adjustments rather than an offer being withdrawn.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 |
|---|---|---|---|---|
| Sun 11 Oct, 09:00 UTC | Cork 14:47 | 3 → 2 | 1/5 → 1/4 | 10 → 9 |
| Sun 11 Oct, 09:00 UTC | Chepstow 15:47 | 4 → 3 | 1/5 → 1/4 | 13 → 12 |
| Sun 11 Oct, 09:00 UTC | Cork 17:07 | 3 → 2 | 1/5 → 1/4 | 10 → 9 |
| Sun 11 Oct, 10:00 UTC | Naas 13:56 | 3 → 2 | 1/5 → 1/4 | 10 → 9 |
| Sun 11 Oct, 10:00 UTC | Cork 14:12 | 5 → 4 | 1/5 | 17 → 16 |
| Sun 11 Oct, 10:00 UTC | Cork 15:57 | 3 → 2 | 1/5 → 1/4 | 10 → 9 |
| Sun 11 Oct, 12:00 UTC | Chepstow 15:47 | 3 | 1/4 → 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 13:02 | 9 | 2 | 1/4 | 2 |
| Naas 13:20 | 15 | 3 | 1/5 | 3 |
| Chepstow 13:27 | 9 | 2 | 1/4 | 2 |
| Cork 13:37 | 12 | 3 | 1/5 | 3 |
| Goodwood 13:47 above ladder | 14 | 4 | 1/5 | 3 |
| Naas 13:56 (terms moved) | 9 | 2 | 1/4 | 2 |
| Chepstow 14:02 above ladder | 15 | 4 | 1/5 | 3 |
| Cork 14:12 above ladder (terms moved) | 16 | 4 | 1/5 | 3 |
| Goodwood 14:22 | 10 | 3 | 1/5 | 3 |
| Naas 14:30 above ladder | 14 | 4 | 1/5 | 3 |
| Chepstow 14:37 | 8 | 2 | 1/4 | 2 |
| Cork 14:47 (terms moved) | 9 | 2 | 1/4 | 2 |
| Goodwood 14:57 | 10 | 3 | 1/5 | 3 |
| Naas 15:05 above ladder | 18 | 4 | 1/5 | 3 |
| Chepstow 15:12 above ladder | 14 | 4 | 1/5 | 3 |
| Cork 15:22 | 5 | 1 | win only | 1 |
| Goodwood 15:32 above ladder | 15 | 4 | 1/5 | 3 |
| Naas 15:40 above ladder | 16 | 4 | 1/5 | 3 |
| Chepstow 15:47 (terms moved) | 12 | 3 | 1/5 | 3 |
| Cork 15:57 (terms moved) | 9 | 2 | 1/4 | 2 |
| Goodwood 16:07 | 7 | 2 | 1/4 | 2 |
| Naas 16:15 above ladder | 19 | 5 | 1/5 | 3 |
| Chepstow 16:22 | 10 | 3 | 1/5 | 3 |
| Cork 16:32 | 10 | 3 | 1/5 | 3 |
| Goodwood 16:42 above ladder | 15 | 4 | 1/5 | 3 |
| Naas 16:50 above ladder | 14 | 4 | 1/5 | 3 |
| Chepstow 16:57 | 8 | 2 | 1/4 | 2 |
| Cork 17:07 (terms moved) | 9 | 2 | 1/4 | 2 |
| Goodwood 17:17 above ladder | 13 | 4 | 1/5 | 3 |
| Naas 17:25 | 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 36 days of collection; a later one is judged against more, and will look more generous for that reason alone.