Each-way terms. Edition of 2026-10-20.
10 of the 30 races run on Tue 20 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 Tue 20 Oct: 30 UK and Irish races, 12 changes to the place terms, and 4 races paying above the bookmaker’s own ladder. 10 were seen before race day and 2 on the day. A further 14 readings recorded only a change in field size, which is a non-runner rather than the book moving. Of the 12 term changes, 1 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a field that had already shrunk through non-runners, so they are mechanical adjustments rather than an offer being withdrawn.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 |
|---|---|---|---|---|
| Mon 19 Oct, 10:00 UTC | Curragh 13:55 | 4 → 5 | 1/4 → 1/5 | 19 |
| Mon 19 Oct, 10:00 UTC | Yarmouth 15:28 | 4 → 5 | 1/4 → 1/5 | 18 |
| Mon 19 Oct, 10:00 UTC | Curragh 16:10 | 4 → 6 | 1/4 → 1/5 | 29 |
| Mon 19 Oct, 10:00 UTC | Curragh 16:45 | 4 → 6 | 1/4 → 1/5 | 26 |
| Mon 19 Oct, 10:00 UTC | Newcastle 17:30 | 3 → 4 | 1/4 → 1/5 | 16 |
| Mon 19 Oct, 10:00 UTC | Newcastle 18:00 | 3 → 4 | 1/4 → 1/5 | 14 |
| Mon 19 Oct, 10:00 UTC | Newcastle 18:30 | 3 → 4 | 1/4 → 1/5 | 14 |
| Mon 19 Oct, 10:00 UTC | Newcastle 19:30 | 3 → 4 | 1/4 → 1/5 | 15 |
| Mon 19 Oct, 10:00 UTC | Newcastle 20:00 | 3 → 4 | 1/4 → 1/5 | 14 |
| Mon 19 Oct, 10:00 UTC | Newcastle 20:30 | 3 → 4 | 1/4 → 1/5 | 15 |
| Tue 20 Oct, 12:00 UTC | Yarmouth 15:28 | 5 → 4 | 1/5 | 18 → 17 |
| Tue 20 Oct, 14:00 UTC | Newcastle 20:00 | 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 |
|---|---|---|---|---|
| Yarmouth 13:20 | 11 | 3 | 1/5 | 4 |
| Curragh 13:25 | 15 | 3 | 1/5 | 3 |
| Yarmouth 13:50 | 8 | 2 | 1/4 | 2 |
| Curragh 13:55 above ladder (terms moved) | 19 | 5 | 1/5 | 4 |
| Hexham 14:01 above ladder | 6 | 2 | 1/4 | 1 |
| Yarmouth 14:20 | 8 | 2 | 1/4 | 2 |
| Curragh 14:25 | 9 | 2 | 1/4 | 2 |
| Hexham 14:32 | 12 | 3 | 1/5 | 4 |
| Yarmouth 14:53 | 10 | 3 | 1/5 | 4 |
| Curragh 15:00 | 13 | 3 | 1/5 | 3 |
| Hexham 15:07 | 11 | 3 | 1/5 | 4 |
| Yarmouth 15:28 (terms moved) | 17 | 4 | 1/5 | 4 |
| Curragh 15:35 | 10 | 3 | 1/5 | 3 |
| Hexham 15:42 | 7 | 2 | 1/4 | 4 |
| Yarmouth 16:03 | 10 | 3 | 1/5 | 4 |
| Curragh 16:10 above ladder (terms moved) | 26 | 6 | 1/5 | 4 |
| Hexham 16:17 | 5 | 1 | win only | 1 |
| Newcastle 16:22 | 5 | 1 | win only | 1 |
| Yarmouth 16:38 | 11 | 3 | 1/5 | 4 |
| Curragh 16:45 above ladder (terms moved) | 25 | 6 | 1/5 | 4 |
| Hexham 16:50 | 10 | 3 | 1/5 | 4 |
| Newcastle 16:57 | 11 | 3 | 1/5 | 4 |
| Yarmouth 17:08 | 10 | 3 | 1/5 | 4 |
| Newcastle 17:30 (terms moved) | 16 | 4 | 1/5 | 4 |
| Newcastle 18:00 (terms moved) | 14 | 4 | 1/5 | 4 |
| Newcastle 18:30 (terms moved) | 14 | 4 | 1/5 | 4 |
| Newcastle 19:00 | 11 | 3 | 1/5 | 4 |
| Newcastle 19:30 (terms moved) | 15 | 4 | 1/5 | 4 |
| Newcastle 20:00 (terms moved) | 12 | 3 | 1/5 | 4 |
| Newcastle 20:30 (terms moved) | 14 | 4 | 1/5 | 4 |
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 45 days of collection; a later one is judged against more, and will look more generous for that reason alone.