What does the cryptic crossword clue "A colourful compound wager at one race worked out (12)" mean?

The definition is "A colourful compound". The wordplay uses a deletion. anagram of BET (synonym="wager") + AT (synonym="AT") + ONE (synonym="ONE") + RACE (synonym="RACE") = BETACAROTENE; definition: "A colourful compound" The answer is BETACAROTENE.

A colourful compound wager at one race worked out (12)

Times Cryptic #28677 | 12 Across | 2023-08-09 flower

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