What does the cryptic crossword clue "Person risking money on form of Edward is beaten (8)" mean?

This cryptic clue uses wordplay to arrive at the answer. Visit the page for progressive hints — definition, wordplay type, and a full step-by-step explanation.

Person risking money on form of Edward is beaten (8)

Guardian Cryptic #29908 | 2 Down | 2026-01-20 flower

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