Each-way terms. Edition of 2026-10-23.
14 of the 45 races run on Fri 23 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 23 Oct: 45 UK and Irish races, 16 changes to the place terms, and 1 race paying above the bookmaker’s own ladder. 12 were seen before race day and 4 on the day. A further 35 readings recorded only a change in field size, which is a non-runner rather than the book moving. Of the 16 term changes, 3 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a field that had already shrunk through non-runners, so they are mechanical adjustments rather than an offer being withdrawn.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 |
|---|---|---|---|---|
| Thu 22 Oct, 09:00 UTC | Sligo 14:00 | 3 → 4 | 1/4 → 1/5 | 16 |
| Thu 22 Oct, 09:00 UTC | Sligo 14:35 | 3 → 4 | 1/4 → 1/5 | 15 |
| Thu 22 Oct, 09:00 UTC | Sligo 15:45 | 3 → 4 | 1/4 → 1/5 | 18 |
| Thu 22 Oct, 09:00 UTC | Doncaster 16:30 | 3 → 4 | 1/4 → 1/5 | 15 |
| Thu 22 Oct, 09:00 UTC | Sligo 16:55 | 3 → 4 | 1/4 → 1/5 | 14 |
| Thu 22 Oct, 09:00 UTC | Doncaster 17:05 | 3 → 4 | 1/4 → 1/5 | 15 |
| Thu 22 Oct, 09:00 UTC | Doncaster 17:35 | 4 → 5 | 1/4 → 1/5 | 22 |
| Thu 22 Oct, 09:00 UTC | Dundalk 17:45 | 3 → 4 | 1/4 → 1/5 | 19 |
| Thu 22 Oct, 09:00 UTC | Dundalk 18:15 | 3 → 4 | 1/4 → 1/5 | 19 |
| Thu 22 Oct, 09:00 UTC | Wolverhampton 19:00 | 3 → 4 | 1/4 → 1/5 | 15 |
| Thu 22 Oct, 09:00 UTC | Wolverhampton 19:30 | 3 → 4 | 1/4 → 1/5 | 15 |
| Thu 22 Oct, 17:00 UTC | Doncaster 14:10 | 5 → 4 | 1/5 | 17 |
| Fri 23 Oct, 07:00 UTC | Sligo 16:20 | 3 → 2 | 1/5 → 1/4 | 10 → 9 |
| Fri 23 Oct, 07:00 UTC | Wolverhampton 18:30 | 3 → 2 | 1/5 → 1/4 | 10 → 9 |
| Fri 23 Oct, 08:00 UTC | Wolverhampton 19:00 | 4 → 3 | 1/5 | 13 → 12 |
| Fri 23 Oct, 11:00 UTC | Sligo 16:55 | 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 |
|---|---|---|---|---|
| Sligo 12:50 | 15 | 3 | 1/5 | 3 |
| Cheltenham 13:15 | 13 | 4 | 1/5 | 4 |
| Sligo 13:25 | 7 | 2 | 1/4 | 2 |
| Doncaster 13:35 | 8 | 2 | 1/4 | 4 |
| Newbury 13:42 | 16 | 3 | 1/4 | 4 |
| Cheltenham 13:50 | 7 | 2 | 1/4 | 2 |
| Sligo 14:00 (terms moved) | 14 | 4 | 1/5 | 4 |
| Doncaster 14:10 (terms moved) | 17 | 4 | 1/5 | 4 |
| Newbury 14:17 | 12 | 3 | 1/5 | 4 |
| Cheltenham 14:25 | 13 | 4 | 1/5 | 4 |
| Sligo 14:35 (terms moved) | 15 | 4 | 1/5 | 4 |
| Doncaster 14:45 | 11 | 3 | 1/5 | 4 |
| Newbury 14:52 | 17 | 3 | 1/5 | 3 |
| Cheltenham 15:00 | 12 | 3 | 1/5 | 3 |
| Sligo 15:10 | 11 | 3 | 1/5 | 3 |
| Doncaster 15:20 | 10 | 3 | 1/5 | 3 |
| Newbury 15:27 | 15 | 3 | 1/5 | 3 |
| Cheltenham 15:35 | 10 | 3 | 1/5 | 4 |
| Sligo 15:45 (terms moved) | 15 | 4 | 1/5 | 4 |
| Doncaster 15:55 | 12 | 3 | 1/5 | 3 |
| Newbury 16:02 | 14 | 3 | 1/4 | 4 |
| Cheltenham 16:10 | 9 | 2 | 1/4 | 2 |
| Sligo 16:20 (terms moved) | 7 | 2 | 1/4 | 2 |
| Wolverhampton 16:25 | 12 | 3 | 1/5 | 4 |
| Doncaster 16:30 (terms moved) | 14 | 4 | 1/5 | 4 |
| Newbury 16:40 | 10 | 3 | 1/5 | 4 |
| Cheltenham 16:45 | 13 | 3 | 1/5 | 4 |
| Sligo 16:55 (terms moved) | 11 | 3 | 1/5 | 4 |
| Wolverhampton 17:00 | 13 | 3 | 1/5 | 4 |
| Doncaster 17:05 (terms moved) | 13 | 4 | 1/5 | 4 |
| Dundalk 17:15 | 11 | 3 | 1/5 | 3 |
| Wolverhampton 17:30 | 13 | 3 | 1/5 | 3 |
| Doncaster 17:35 above ladder (terms moved) | 20 | 5 | 1/5 | 4 |
| Dundalk 17:45 (terms moved) | 16 | 4 | 1/5 | 4 |
| Wolverhampton 18:00 | 15 | 3 | 1/4 | 4 |
| Dundalk 18:15 (terms moved) | 16 | 4 | 1/5 | 4 |
| Wolverhampton 18:30 (terms moved) | 9 | 2 | 1/4 | 4 |
| Dundalk 18:45 | 12 | 3 | 1/5 | 4 |
| Wolverhampton 19:00 (terms moved) | 12 | 3 | 1/5 | 4 |
| Dundalk 19:15 | 15 | 3 | 1/5 | 3 |
| Wolverhampton 19:30 (terms moved) | 14 | 4 | 1/5 | 4 |
| Dundalk 19:45 | 16 | 3 | 1/5 | 3 |
| Wolverhampton 20:00 | 13 | 3 | 1/5 | 4 |
| Dundalk 20:15 | 16 | 3 | 1/5 | 3 |
| Wolverhampton 20:30 | 7 | 2 | 1/4 | 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 48 days of collection; a later one is judged against more, and will look more generous for that reason alone.