What does the cryptic crossword clue "Derby traders perhaps smell cool pies after power cut (7)" mean?

The definition is "Derby traders perhaps". The wordplay uses a deletion. BO (synonym="slang abbreviation for body odour = smell") + OK (synonym="cool = slang term of approval") + IES (synonym="bookmakers") = BOOKIES; definition: "Derby traders perhaps" The answer is BOOKIES.

Derby traders perhaps smell cool pies after power cut (7)

Independent Cryptic #11377 | 15 Across | 2023-03-30 flower

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